Coverity® Reports Largest Quarter in Company History As Customer Base Surpasses 600

Coverity Revenue Surges 47% Compared to Same Quarter in 2008 Underscoring Business Benefit of High Integrity Software

SAN FRANCISCO – April 2, 2009 – Coverity, Inc., the software integrity company, today announced the completion of its most successful quarter in company history. For the quarter ending March 31, 2009, Coverity revenue increased 47% compared to the same period in 2008. This success is the result of new customer acquisition and ongoing enterprise-wide adoption by existing customers as more large development organizations standardize on Coverity software integrity products enterprise-wide to reduce product failures, enable software change and accelerate innovation.

“Coverity is pleased to announce the largest quarter in our company history, and we thank our customers for their continued investment in our people and our software integrity products.” said Seth Hallem, Coverity co-founder and CEO. “History shows that during challenging economic times, companies focus their investments on areas that deliver the most meaningful business impact. We believe this record quarter is proof that software integrity is becoming a strategic priority for companies that depend on software to generate revenue.”

Coverity technology continues to be adopted within software-intensive industries including medical devices, telecommunications and networking, military and aerospace, gaming, security and enterprise software. Coverity’s 600 plus customers represent the largest and most sophisticated software development organizations today. A sampling of Coverity customers includes the U.S. Department of Homeland Security, France Telecom, HP, Intergraph, Juniper Networks, Konami, LG, Medtronics, NTT Do Co Mo, NASA, Philips, Raytheon, and Symantec.

About Coverity
Coverity (www.coverity.com), the software integrity company, is the trusted standard for companies that have a zero tolerance policy for software failures, problems, and security breaches. Coverity’s award winning portfolio of software integrity products helps customers prevent software problems throughout the application lifecycle. Over 100,000 developers and 600 companies rely on Coverity to help them ensure the delivery of superior software. Coverity is a privately held company headquartered in San Francisco with offices in 6 countries and more than 130 employees.

Coverity and Coverity Prevent are trademarks of Coverity, Inc. All other company and product names are the property of their respective owners.

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