An apparatus for managing software versions may include a processor. The processor may be configured to determine whether a security identifier of a first security certificate matches a trusted security identifier. In this regard, the first security certificate may include software version criteria. The processor may also be configured to determine whether a software version of a software application satisfies software version criteria of the first security certificate. The processor may be configured to make this determination in response to determining that the security identifier of the first certificate matches the trusted security identifier. Further, the processor may also be configured to permit execution of the software application, in response to determining that the software version satisfies the software version criteria. Associated methods and computer program products may also be provided.