SOURCE: Black Duck Software

Black Duck Software

April 13, 2010 09:02 ET

First Quarter 2010 One of Unprecedented Growth for Black Duck Software

Bookings Climb 80% Amid Economic Improvement, EMEA Expansion

WALTHAM, MA--(Marketwire - April 13, 2010) -  Continuing on its trajectory of rapid growth, Black Duck Software today announced that Q1 bookings surged by 80 percent compared to the same period in 2009. Strong performance across all sectors and growth in new customer licenses and professional services drove results, with new clients including Siemens Enterprise Communications GmbH, Iron Mountain, and Cloudera signing on.

First-quarter also reflected exceptional overseas performance, especially in EMEA, spurred by Black Duck's commitment to developing local presence and partnering with leading local resellers, including newly signed Manageware (Israel), Anacom (Brazil) and Global Maxlink (Malaysia).

Outperforming most companies in the tech sector, Black Duck's focus on the fast-growing open source segment reflects the increased enterprise recognition of the benefits of using, managing and controlling the use of open source software in application development. As enterprises adopt a multi-source development model that combines the use of open source, third party and proprietary code, Black Duck products and services are critical components of managing the use of open source code at enterprise scale in an automated and compliant manner.

First quarter 2010 milestones included:

  • New customer growth. The company added 31 new customers in Q1 and now has more than 700 customers. New customers in the quarter reflect particular strength in communications and enterprise software.

  • Partnerships. Black Duck expanded its Partner Program across all categories, including:

    • Solutions Partnerships -- Black Duck joined forces with CollabNet, a leading provider of Agile application lifecycle management solutions, to integrate Protex and Code Sight with CollabNet Subversion and Team Forge as part of the CollabXchange program.
    • Strategic partnerships -- The company formed a strategic partnership with the Olliance Group to develop and deliver an IP management services offering.
    • Reseller programs -- Black Duck announced new training and certification programs for its 18 reseller and legal partners, extending the company's reach into multiple markets, industries and regions across the globe.

  • Joint Venture. To expand its presence in Greater China, Black Duck formed a joint venture with Pacific Advantage International, a pioneer in the outsourced sales and technical support business for Asia Pacific.

  • Protex Enhancements. Black Duck announced usability and performance improvements to Protex 5.1, the core component of the Black Duck Suite. The offering improves search and performance for large enterprise code sets by as much as 5X over the prior release and builds on Black Duck's expanded KnowledgeBase.

"We continue our strong growth because the economy is driving IT executives and development managers to seek new, more cost-effective development practices that take advantage of open source software," said Tim Yeaton, Black Duck Software president and CEO. "Black Duck customers recognize the need for tools that enable managed use of open source software in their application development initiatives. This multi-source development approach gives these organizations the ability to rapidly innovate even in a difficult budget climate, providing them with greater competitiveness and agility."

About Black Duck Software
Black Duck Software is the leading provider of products and services for automating the management, governance and secure use of open source software, at enterprise scale, in a multi-source development process. Black Duck™ enables companies to shorten time-to-market and reduce development costs while mitigating the management, security and compliance challenges associated with open source software. Black Duck Software powers Koders.com, the industry's leading code search engine for open source, and 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 Mateo, California, London, Paris, Frankfurt, Hong Kong and Tokyo. 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.

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