Klocwork, Inc.

Klocwork, Inc.

October 01, 2009 09:00 ET

Klocwork Celebrates Continued 2009 Momentum

Klocwork Surges past 600 Customer Mark with Strong Q3 Bookings and Customer Growth

BURLINGTON, MASSACHUSETTS--(Marketwire - Oct. 1, 2009) - Klocwork, Inc., the global leader in automated source code analysis solutions for improving developer productivity, today announced it achieved strong quarterly customer and bookings growth for the quarter ending September 30th. The company reported a healthy mix of new orders and renewals from existing customers to achieve a more than 27% growth in bookings as compared to Q3 2008. In addition, the company saw a 35% year over year customer growth and now counts more than 600 customers who are benefiting from its static analysis technology.

Klocwork attributes its ongoing success in the midst of a difficult economic environment to the need for organizations to continually invest in their development productivity. The stress placed on software development teams to continue creating secure, high quality code requires development managers to seek out new forms of automation to reduce their costs and risk. "Our ongoing success in 2009 demonstrates that customers view our solution as a required productivity tool for their development team," says Mike Laginski, CEO, Klocwork. "Our success also shows that source code analysis technology is being embraced as a vital component of the software development lifecycle."

For organizations developing mission- and business-critical software, low risk tolerance and high quality standards define the need for tools that not only ensure defects and security vulnerabilities are removed from their code, but that also offer the ability to maximize productivity. Klocwork Insight enables software developers to find and fix critical coding issues early so that unstable and buggy code doesn't create productivity bottlenecks. By creating cleaner code, software development teams face fewer disruptions and delays which allows them to focus on meeting customer requirements and creating new features and functionality.

About Klocwork

Klocwork provides source code analysis solutions that boost development productivity by removing bottlenecks at the earliest stages of the software development process. Through proven static analysis techniques, Klocwork enables software developers to find critical security vulnerabilities, quality defects and architectural issues quickly and accurately. Over 600 organizations have achieved higher code security and quality by making Klocwork a part of their software development process, freeing their developers to focus on what they do best - innovate.

Contact Klocwork for more information at www.klocwork.com or info@klocwork.com.

Klocwork and the Klocwork logo are registered trademarks of Klocwork, Incorporated in the United States and/or other countries. All other names are trademarks or registered trademarks of their respective companies.

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