“We are pleased to welcome John as he brings a distinguished record of achievement and a proven blend of expertise driving global sales growth and technology leadership to Application Security, Inc.,” said Dave Furneaux, founder and managing general partner, Kodiak Venture Partners.  “His appointment comes at a critical time in the company’s history, as it is poised to capitalize on the rising demand for best-in-class database security solutions.  With John stepping in as CEO, we’re well-positioned to leverage our existing technology, innovate for the future, and continue as the leader of this market.”

John Ottman brings over 25 years of industry experience to Application Security, Inc. including key senior management roles at Oracle (Nasdaq: ORCL) and IBM (NYSE: IBM), as well as at high growth startups Corio, Inc. and Princeton Softech, Inc.  In his 10 years at Oracle, Mr. Ottman served in various field executive positions including Group Vice President, Industrial Sector.  In 1999, he joined Corio, Inc. as executive vice president and led the company from the startup phase to ASP industry leadership, resulting in a successful IPO, and ultimately, the acquisition of Corio by IBM in 2004.  Mr. Ottman then joined IBM to lead the integration effort of Corio as sales and marketing leader for IBM Applications on Demand.  Later Mr. Ottman joined Princeton Softech, Inc., as President, Global Operations.  Princeton Softech, Inc., a high growth company and leading provider of enterprise data management software, was acquired by IBM’s Data Management Group in 2007.  Through the acquisition, Mr. Ottman returned to IBM to run worldwide sales for the new IBM Optim product line.  He holds a B.A. from Denision University. 

“I’m excited to join the Application Security, Inc. team and help further accelerate our growth,” said Mr. Ottman.  “In today’s threat and regulatory environment, database security is central to the governance, risk and compliance of enterprise information.  As such, enterprise security software represents the next wave of enterprise software deployment, and Application Security, Inc. is at the forefront of that trend.  Our goal is to build on our substantial success to date and provide customers with the best possible protections for their database application assets.”

The executive appointment comes as Application Security, Inc. continues to reach new milestones for growth and innovation.  Inc. Magazine named Application Security, Inc. to its list of the fastest-growing private American companies in 2008 for the second year in a row, and Deloitte & Touche just named the company to its Deloitte Technology Fast 50 Program for 2008.  As part of its rapid growth, the company also announced its 1,000th global customer earlier this year.  

About Application Security, Inc.
Application Security, Inc. (www.appsecinc.com) is the leading global provider of database security solutions for the enterprise. Application Security, Inc.'s products - the industry's only complete database security solution - proactively secure databases in the most demanding environments around the world. Application Security, Inc. delivers up-to-date database protection that minimizes risk and allows organizations to confidently connect with customers, partners, and suppliers. The company was named to Inc. Magazine's 2007 (Inc. 500) and 2008 list of America's Fastest Growing Private Companies, and was also named to the 2008 Deloitte Technology Fast 50 by Deloitte & Touche.

Contact:

Juliana Allen
Racepoint Group
jallen@racepointgroup.com
781.487.4637