Coverity Expands Executive Team and Posts Record Growth

SAN FRANCISCO, Jan. 27, 2011 /PRNewswire/ -- Coverity, the software integrity leader, announced today the expansion of its executive team with the addition of Sunil Nagdev as Senior Vice President of Global Services and James Still as Vice President of North American Sales. These additions come as the company completes a record growth year and its second consecutive quarter of record bookings growth.

"Sunil and Jim are two seasoned veterans with proven track records of driving growth and customer intimacy," said Anthony Bettencourt, Coverity CEO and Chairman. "Both Sunil and Jim will help fuel Coverity's momentum and help our customers achieve material results from their investments in our developer testing products."

Sunil Nagdev joins Coverity as Senior Vice President of Global Services. He will lead all global services functions for Coverity. Prior to Coverity, Nagdev served as Vice President Worldwide Services for Imperva, Inc. a global leader in data security. Nagdev has more than 25 years of services and support experience from companies such as Tablus, Inc., Autonomy, and Verity. Nagdev holds a BS in Computer Science from Chico State University.

James Still joins Coverity as Vice President of North American Sales. He will lead all field sales teams and revenue generation for North America. Prior to Coverity, Still served as Vice President of Sales for Autonomy, the world leader in enterprise search and discovery. Still has more than 25 years of executive sales leadership from companies such as Autonomy, Verity, Rogue Wave Software, Softmart, and Computer Associates. Still holds a BA in Economics from Tulane University.

Coverity recently closed its second consecutive quarter of record growth. Highlights from Q1 2011 include:

• Appointed Anthony Bettencourt as Chief Executive Officer and Chairman of the Board;
• Appointed Andreas Kuehlmann as Vice President of Research and Development;
• Released the Coverity Android Integrity Report, which revealed high risk defects in the Android OS kernel;
• Released the Coverity 2010 Open Source Integrity Report, which analyzed more than 61 million lines of open source code from 291 widely-used open source projects;
• Recognized as one of the Fastest Growing Companies in North America in Deloitte's 2010 Technology Fast 500;
• Expanded market leadership with new customers from a wide range of industries, including Bayer Healthcare, Level 3 Communications, and Whirlpool Corporation.

About Coverity

Coverity (www.coverity.com), the software integrity leader, is the trusted standard for companies that have a zero-tolerance policy for software failures. Coverity's award-winning portfolio of code testing products discovers software defects in development before they can impact the business. More than 1,000 customers rely on Coverity to help them deliver high-integrity software. Coverity is a privately held company headquartered in San Francisco. Coverity is funded by Foundation Capital and Benchmark Capital. Follow us on Twitter or check out our blog.

SOURCE Coverity

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