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Spencer Young : This morning we’re going to be joined by
Anthony Bettencourt who is the Chairman and CEO of Coverity, we’ll also be joined by
Steve Fice who is the UK CEO of SQS, our development testing partner and we’re also joined, and
our main event this morning, will be Ben Riches who is the Director of Shared Services and
Governance at Aviva and Paul Eicher who is Head of QA at Aviva and they’ll be talking
through their own real world experiences of undertaking the revolution, they’ve done
it internally in a couple of their major business units and they’re going to share their warts
and all I hope, gents? Experiences about how they got on. So without further ado it gives
me great pleasure it introduce Anthony Bettencourt the CEO and Chairman of Coverity.
Anthony Bettencourt: Good morning everybody, thank you. I wanted
to give you our point of view if I can about development testing.
Mark Andreesen the famed founder of Netscape and venture capitalist in the Silicon Valley
wrote an article called “Software is Eating the World”, it’s about the displacement
of technology companies who are regular companies by technology companies. Think what Netflix
has done to Blockbuster, think what Amazon has done to booksellers it’s the IP of software
that has changed most of these companies and its forcing all companies to become software
companies, now that’s a very good thing and it’s also a dangerous thing.
If you’re building hardware there’s a design verification testing technologies that
drive the stability of boards, that’s why PC boards, mainframe boards that why they
all work. If you’re building chips there’s EDA software but what’s lacking is the guardrails
if you will of regular software, the fact that there are no guardrails means that building
software great causes displacement, building software improperly causes disasters. If you
think about the 62,100 billion per year of quality and security problems that cause exchanges
to fail, that cause breaches in credit card data to leak out to the field these are the
type of thing we’re on top of, and are top of mind us all the time.
We think a way to mitigate a lot of this risk is to test early and often, they’re our
companies and we have about 1200 of the world’s largest companies on the planet, we call them
the global 2000 focus on this discipline of finding defects early in the process, finding
quality defects, security defects, test gap defects because it’s much cheaper to find
them in development than it is to let them leak into quality assurance. It might cost
you $2000 to fix a defect in development, it might cost you $25,000 to fix it in QA,
it might cost you $150,000 to fix it in release and by the time you ship the product; if you
happen to be a medical device company it might cost you 15 million dollars when an infusion
pump fails or it might cost you 750 million dollars if you stock exchange fails on a big
public offering. So we say find it early, and our customers are a testament to this
that when they do find these things early and they mitigate the risk of these black
swan events that could be detrimental to businesses. So a little bit about us, we were founded
in 2003 out of Stanford and we now have 285 employees, about 14 patents, 7 more pending,
we’ve spent about a third of our revenues back into R&D because we have to because all
of you are being forced to ship faster , sooner with fewer resources. There is also risk of
supply chain, we’re being forced to embed more third party code or a more open source
so our job is to be your back stop and quite a back stop we are. We have about 5 billion
lines of code under management with our customer base if you just look around your phone or
personal devices no Samsung Galaxy device ships without us, no Cisco router will ship
without us, no LG TV will ship without us. GM hardens the wireless in their automobiles
they have this fun commercial on television in the US where it shows someone landing a
plane. It’s snowing, they pick up their phone they press a button, they starts their
car remotely to warm it up. If that wireless is hacked an ABS braking system can actually
be de-activated so it’s a fun commercial but it’s kind of a dangerous technology.
We run the NASDAQ, now we run the NYSC we run Direct Edge, we’re heavily deployed,
Google Chrome books all of that code in Chrome goes through Coverity, so again about 1200
customers, 350,000 developers worldwide and we are moving the needle for software development.
That said I want to thank you for your time, I want to turn this over to Steve Fice.