Klocwork, Inc.

Klocwork, Inc.

January 10, 2011 09:02 ET

Klocwork Closes Record 2010

Year highlighted by strong revenue and customer growth, along with continued product innovation

BURLINGTON, MASSACHUSETTS--(Marketwire - Jan. 10, 2011) - Klocwork, Inc., the global leader in automated source code analysis solutions for improving developer productivity, today marked the close of a successful 2010 fiscal year. The company ended the year by posting a 31 percent growth in revenue as compared to 2009, along with record bookings for the year. Klocwork's customer base also grew by 21 percent, and the Company now counts more than 800 customers worldwide.

"We went into 2010 well positioned to make it a year of accelerated growth," said Mike Laginski, chief executive officer, Klocwork. "Our aggressive innovation strategy combined with strong business execution in all of our channels made for an exceptional year."

Building on the significant product innovations made in 2009, Klocwork further extended the capabilities of Klocwork Insight™ and Klocwork Insight Pro™ in 2010 by:

  • Broadening its security vulnerability analysis capabilities with integrated support for the Common Weakness Enumeration™ (CWE), CERT Secure Coding Initiative, and Software Assurance Metrics and Tool Evaluation (SAMATE) initiatives.

  • Introducing enhanced support for multicore and multiprocessor development, by extending the Klocwork Truepath™ static analysis engine to detect complex endian incompatibilities and concurrency issues.

  • Adding support for the Motor Industry Software Reliability Association (MISRA) coding standard to provide built-in, automated detection and reporting for MISRA-C:2004 and MISRA-C++:2008.

In addition to its growth in North America, the Company continued its expansion internationally to address the growing need for developer productivity tools. Reseller and services partners were added in the United Kingdom, Benelux, Germany, South Korea, and India, representing a significant growth in the size of its existing partner network.

"Our plan is to continue expanding Klocwork's global operations to support and grow our customer's deployments," said Laginski. "As source code analysis becomes a standard practice for software development worldwide, Klocwork is very well positioned for the future."

About Klocwork

Klocwork® offers a portfolio of software development productivity tools designed to ensure the security, quality and maintainability of complex code bases. Using proven static analysis technology, Klocwork's tools identify critical security vulnerabilities and quality defects, optimize peer code review, and help developers create more maintainable code. Klocwork's tools are an integral part of the development process for over 800 customers in the consumer electronics, mobile devices, medical technologies, telecom, military and aerospace sectors.

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

MISRA and MISRA C are registered trademarks of MIRA Limited, held on behalf of the MISRA Consortium. No endorsement of any product by MISRA is implied.

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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