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For Immediate Release                                                   

Software Eases Change Management and Regulatory Compliance

New York, NY, August 22, 2019 – Crosscode, Inc, an application software company that provides organizations with next-generation solutions for managing software assets and streamlining change, today announced its newest office in New York City. The company is expanding operations in New York to meet the demand for their flagship Panoptics platform from the global finance, insurance, healthcare, and media industries.

These industries face unique IT challenges and increasingly strict regulatory requirements. Additionally, they support complex heterogeneous environments, which include both legacy systems and contemporary distributed architectures, all while managing growing business expectations for increased speed and reliability. As a result, addressing the risk associated with large-scale change, such as cloud migrations and application modernization, has become a critical business consideration.

Crosscode Panoptics enables these organizations to understand and manage IT change and risk. Panoptics identifies application interdependencies at the code level, across languages and platforms, while ensuring the highest levels of security, confidentiality, accountability, traceability and data integrity.

“Many companies in finance and insurance are updating their technology stacks and are in various stages of digital transformation,” said Aditya Sharma, CEO, and Co-founder of Crosscode. “New York is a great place for us to set up shop and provide local sales and support for organizations like these in the city and region. Our Panoptics solution provides a kind of GPS to guide their IT modernization efforts.”

By automatically analyzing impacts, while providing effort estimates for all potential changes, Panoptics reduces development costs, accelerates speed-to-market, and enhances systems reliability. The solution enforces compliance of change management rules, standards, and frameworks (SPX, HIPAA, GDPR, etc.), substantially reducing exposure to systemic risk and vulnerabilities.

Edwin Gnichtel, a 25-year technology industry veteran, and Murat Köprülü, a luminary in the financial services industry, will be leading the New York offices located in the SoHo district in Manhattan, at the corner of Broadway and Howard Street.

To learn more about Crosscode and the Panoptics solution, visit www.crosscode.com

About Crosscode:
Crosscode, Inc, is enabling businesses to innovate rapidly while keeping operations safe and manageable. Its Panoptics product helps companies visualize the interconnectedness of all their software assets, making it far easier to manage change and protect data from external attacks. For more information, please visit Crosscode.com.

Forward-Looking Statements:
Any statements in this release that are not historical facts may be considered to be “forward-looking statements.” Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties, which may cause results to differ materially and adversely from the statements contained herein. Such statements include, but are not limited to, statements regarding Crosscode’s expected use of the proceeds from the Series A financing round; the market opportunity for Crosscode’s products; and the business strategies and development plans of Crosscode. Some of the potential risks and uncertainties that could cause actual results to differ from those predicted include Crosscode’s ability to: make commercially available its products and technologies in a timely manner or at all; enter into other strategic alliances, including arrangements for the development and distribution of its products; obtain intellectual  property protection for its assets; accurately estimate its expenses and cash burn and raise additional funds when necessary. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Except as required by law, Crosscode does not undertake any obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.