Protecode Named "Cool Vendor" by Leading Analyst Firm



Vendors selected for the “Cool Vendor” report are innovative, impactful and intriguing



Ottawa, ON – May 11, 2010 – Protecode, creator of the world’s fastest and most reliable software Intellectual Property (IP) engine, today announced that it has been selected as a Cool Vendor in the “Cool Vendors in Intellectual Property, 2010” 1 report by Gartner, Inc. The report identifies vendors that are taking an innovative approach to applying IP management capabilities in their product offerings.



“Increasing productivity and efficiency are goals in every organization that develop software. Third party code, internal code, and open source code are just a few components that developers use to shorten time to market and reduce production efforts,” said Mahshad Koohgoli, CEO, Protecode. “We consider our inclusion in the Cool Vendor report by Gartner confirmation of our mission to ensure that customers understand what’s in their code and allow them to manage compliance the way they want through an organizationally integrated IP policy framework.”



While not being the only company to provide IP-policy features, Protecode is unique in its policy-first perspective, offering a broad range of products for all stages of software development, and focusing on analysis through the lens of broader IP policy support.



Protecode’s portfolio of Software Lifecycle IP Management solutions enable the implementation of a straightforward process for the safe and efficient adoption of open source, outsourced or any other 3rd party software. Named the Software Adoption Workflow (SAW), this process enables enterprises to achieve mandated IP governance and effective rationalization of their source code assets, increasing corporate value and reducing costs. Now, all software organizations, independent of size and location, can take advantage of open source software and outsourcing to accelerate their development, reduce their costs, and remain confident that all licensing and copyright obligations are understood and adhered to.



For more information about Protecode, its products and services, visit www.protecode.com.



About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.



Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.



About Protecode

Protecode has the world’s fastest and most reliable software intellectual property (IP) engine, allowing real-time detection and management of external licensing and copyright issues as they arise. Built for ease-of-use, Protecode makes leveraging open source and third party software a straightforward process for organizations of all sizes. Detect common code early, obtain a bill of materials, understand licensing obligations and achieve mandated IP governance all seamlessly within established workflows. Protecode’s portfolio of solutions enables enterprises worldwide to control costs and to dramatically increase and protect software asset value. For more information and to download a free trial please visit us at http://www.protecode.com.



Gartner “Cool Vendors in Intellectual Property, 2010” by Brian Prentice, 16 April 2010.



###



PR Contact:

Angela Cuzzo

MRB Public Relations

732-758-1100, ext. 108

acuzzo@mrb-pr.com