Welcome!

Cognitive Computing Authors: Liz McMillan, Yeshim Deniz, Zakia Bouachraoui, Elizabeth White, Pat Romanski

News Feed Item

New Subscriptions, Licenses Propel Q2 Growth for Black Duck Software

Despite Weakness in the Economy, New Licenses Climb 53%

WALTHAM, MA -- (Marketwire) -- 07/23/09 -- The second quarter of 2009 saw continued top-line bookings growth for Black Duck Software, the company reported today. A 53% Q2 rise in new subscriptions followed strong Q1 bookings to fuel the company's continued sequential-quarter growth. Black Duck Software is the leading global provider of products and services for accelerating software development through the managed use of open source software.

The jump in new subscriptions and licenses is evidence of renewed traction in the market and reflects a growing need for the company's products and services. The rise in bookings came despite sluggishness in the overall economy and M&A market activity. Additionally, in the first half of 2009 the company signed new enterprise accounts including Yahoo!, Alcatel-Lucent, and Orga.

Black Duck continues to benefit from growing awareness of the importance and benefits of multi-source development, in which software developers and enterprises combine open source code with in-house developed code, and many times augmented by commercial products and/or outsourced development. Black Duck products and services help companies manage the use of open source code at enterprise scale.

Accomplishments for the first half of 2009:

-- Introduces and ships the Black Duck Suite, a comprehensive management platform that provides new levels of automation and efficiency for software development organizations using open source components at significant scale for software development.

-- Automates addition of CodePlex projects into KnowledgeBase and Koders.com. Black Duck announced an agreement with Microsoft Corporation (NASDAQ: MSFT) through which projects from the Microsoft CodePlex open source project hosting site are fed automatically into Black Duck's open source KnowledgeBase database, in addition to being searchable through Black Duck's Koders.com, the leading search engine for open source and other downloadable code.

-- Creation of Japanese Subsidiary and new international expansion. In addition to maintaining international offices in Hong Kong, Frankfurt and Paris, the company opened a Japanese subsidiary and Tokyo office to further serve channel partners and customers in the Asia-Pacific region.

-- Black Duck Software again named to SD Times 100. Honored for the second year running, Black Duck achieved recognition in the Tools and IDE categories. The company was chosen by SD Times editors as one of a select group of companies that "set the agenda" for software development managers and the industry through leadership and innovation.

-- Black Duck named a voke Innovator. Independent analyst firm voke cited the company for its role helping developers to use open source code throughout the software lifecycle.

-- New customer growth. The company added 22 new customers to its roster in Q2, ending the quarter with 662 customers. New customers reflect particular strength in the software, storage and communications sectors.

-- Continued enhancements to Koders.com. Black Duck's open source code search site, continued to increase in size to 2.4 billion lines of code governed by open source and other licenses.

-- Continues to build management team with addition of Timothy Yeaton, CEO; Philip Odence, VP of business development, and Jeffrey Durand, VP of professional services.

"Our continued strong performance is the result of a growing pragmatism among enterprises and software developers, who see the benefits of using open source software," said Tim Yeaton, Black Duck Software president and CEO. "Our customers turn to Black Duck to help them leverage, manage and detect the use of open source components in multi-source software application development projects in a way that both reduces overall costs and accelerates innovation and time-to-solution."

About Black Duck Software

Black Duck Software is the leading global provider of products and services for accelerating software development through the managed use of open source and third-party code. Black Duck(TM) enables companies to shorten time-to-market and reduce development and maintenance costs while mitigating the risks and challenges associated with open source reuse, including hidden license obligations, security vulnerabilities, unsupported open source and version proliferation. Black Duck Software is among the 500 largest software companies in the world, according to Softwaremag.com. The company is headquartered near Boston and has offices in San Francisco, Amsterdam and Hong Kong, as well as distribution partners throughout the world. For more information, visit www.blackducksoftware.com.

Black Duck, Know Your Code and the Black Duck logo are registered trademarks of Black Duck Software, Inc. in the United States and other jurisdictions. Koders is a trademark of Black Duck Software, Inc. All other trademarks are the property of their respective holders.

Add to Digg Bookmark with del.icio.us Add to Newsvine

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
The term "digital transformation" (DX) is being used by everyone for just about any company initiative that involves technology, the web, ecommerce, software, or even customer experience. While the term has certainly turned into a buzzword with a lot of hype, the transition to a more connected, digital world is real and comes with real challenges. In his opening keynote, Four Essentials To Become DX Hero Status Now, Jonathan Hoppe, Co-Founder and CTO of Total Uptime Technologies, shared that ...
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
As the fourth industrial revolution continues to march forward, key questions remain related to the protection of software, cloud, AI, and automation intellectual property. Recent developments in Supreme Court and lower court case law will be reviewed to explain the intricacies of what inventions are eligible for patent protection, how copyright law may be used to protect application programming interfaces (APIs), and the extent to which trademark and trade secret law may have expanded relev...
When Enterprises started adopting Hadoop-based Big Data environments over the last ten years, they were mainly on-premise deployments. Organizations would spin up and manage large Hadoop clusters, where they would funnel exabytes or petabytes of unstructured data.However, over the last few years the economics of maintaining this enormous infrastructure compared with the elastic scalability of viable cloud options has changed this equation. The growth of cloud storage, cloud-managed big data e...
Your applications have evolved, your computing needs are changing, and your servers have become more and more dense. But your data center hasn't changed so you can't get the benefits of cheaper, better, smaller, faster... until now. Colovore is Silicon Valley's premier provider of high-density colocation solutions that are a perfect fit for companies operating modern, high-performance hardware. No other Bay Area colo provider can match our density, operating efficiency, and ease of scalability.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
In an age of borderless networks, security for the cloud and security for the corporate network can no longer be separated. Security teams are now presented with the challenge of monitoring and controlling access to these cloud environments, at the same time that developers quickly spin up new cloud instances and executives push forwards new initiatives. The vulnerabilities created by migration to the cloud, such as misconfigurations and compromised credentials, require that security teams t...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.