Klocwork, Inc.

Klocwork, Inc.

April 07, 2011 09:01 ET

Klocwork Starts 2011 With a Record Q1

Quarter highlighted by 57 percent growth in license bookings and significant customer wins

BURLINGTON, MASSACHUSETTS--(Marketwire - April 7, 2011) - Klocwork, Inc., the global leader in automated source code analysis solutions for improving developer productivity, announced the close of a successful Q1 2011 that included record revenue driven by a 57 percent growth in license bookings as compared to Q1 2010.

"On the heels of a very successful 2010, I'm happy to report another great quarter," said Mike Laginski, chief executive officer, Klocwork. "The combination of record Q1 revenue, a surge in license sales, and new customer wins speaks directly to the quality of products and support Klocwork is bringing to the market."

Helping to drive this quarter's growth was the conclusion of several significant agreements with global brands in the smartphone, digital home, and Japanese automotive segments. To support its more than 850 customers worldwide, the company launched the Klocwork Developer Network, an online technical community for learning, sharing and discussing topics related to source code analysis. The Klocwork Developer Network offers member access to self-paced computer-based training, online forums, technical product documentation, and more.

"We're extremely excited about the launch of the Klocwork Developer Network," said Alan Weekes, director of customer success, Klocwork. "In addition to the learning resources available within the portal, a community of Klocwork experts is on-hand to ensure your questions get answered through our interactive forums. We encourage anyone interested in learning about static analysis to visit this great new resource."

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 850 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.

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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