Cigital and Counterpane Announce Strategic Alliance

Cigital Inc., a software risk management (SRM) solution provider that helps companies protect themselves from the business risks of software failure, and Cupertino, Calif.-based Counterpane Internet Security Inc., developer and leading provider of managed security monitoring (MSM), announced their alliance to provide customers with a complete computer security risk management solution.

Together, the companies will offer software risk management coupled with network security monitoring to form a comprehensive security protection plan for businesses, helping to identify and manage security risks.

Under the arrangement, Cigital will provide software risk management for Counterpane’s customers, and Counterpane’s network security monitoring services will be directly incorporated into Cigital’s full lifecycle software security risk management solution, extending the security protection for both companies’ clients. This combination leverages the power of proactive design and reactive vigilance to manage the risks of digital attack.

Headquartered in Northern Virginia, Cigital, founded in 1992, helps companies identify, analyze and reduce the risks of software failure — making their business operations and products more reliable, safe and secure. The company delivers consulting services backed by the Cigital Advantage(SM), a methodological approach to full lifecycle SRM. Cigital has additional offices in Boston and Dallas.

Counterpane Internet Security Inc. is a developer and provider of MSM and was established in 1999. Counterpane addresses the critical need for increased levels of security services. Centered around a network of sophisticated Secure Operations Centers, staffed by expert security analysts, the Company provides 24×7 monitoring, as well as penetration detection, and response. The company is funded by Accel Partners; Amerindo Investment Advisors Inc.; Bessemer Venture Partners; Dell; Deutsche Bank; Goldman Sachs; and Morgan Stanley Dean Witter Equity Fund.