SOURCE: Black Duck Software

Black Duck Software

October 28, 2009 09:02 ET

Rob Bearden Joins Black Duck Software's Board of Directors

Bearden Brings Twenty Years of Industry Experience and a Stellar Track Record for Building and Scaling World-Leading Open Source and Enterprise Software Companies

WALTHAM, MA--(Marketwire - October 28, 2009) - Black Duck Software, the leading global provider of products and services for accelerating software development through the managed use of open source software, today announced that Rob Bearden has joined the company's Board of Directors. Bearden comes to Black Duck with more than 20 years of software industry experience building and scaling some of the most successful open source and enterprise software companies in the world.

Bearden will apply his software industry experience to support Black Duck's continued expansion and strong growth. A 53 percent third-quarter rise in services contributed to continued top-line bookings growth in the third quarter of 2009 for Black Duck. Rising adoption of tools by enterprises to manage multi-source development, in which software developers combine open source code with in-house developed and other code, is driving Black Duck's business.

Bearden has made significant contributions in the open source community both advising and running successful companies throughout the years. Until its recent acquisition by VMware, Bearden was President and Chief Operating Officer (COO) of SpringSource. Before joining SpringSource, Bearden served as Entrepreneur in Residence at Benchmark Capital, a leading venture capital firm based in the Silicon Valley. He was also COO for OpenSpan, a desktop integration software provider. Previously Bearden served as COO for JBoss, the world's leading open source middleware company, where he helped architect and execute the company's business model, managed its worldwide operations, and orchestrated its successful acquisition by Red Hat in 2006.

"We are thrilled to add one of the most respected open source software executives in the industry to our board of directors," said Tim Yeaton, President and CEO of Black Duck. "I have known Rob for many years and greatly value his keen industry insights and strong business acumen, as well as his immense personal integrity and candor. Rob will be a great asset in furthering Black Duck's mission to accelerate innovation and reduce costs of software development at enterprise scale via the managed use of open source software."

Bearden will be replacing Roger Heinen on Black Duck's Board. Heinen is retiring from Flagship Ventures and active investing, but will be staying on as an advisor to the Company.

"Roger Heinen has offered great support and leadership to the company for many years, and we greatly appreciate his many invaluable contributions," continued Yeaton. "We are grateful to have Roger's continued guidance and counsel in his ongoing role as an advisor to the Company."

Rob Bearden shares his thoughts about joining the board of directors on the Black Duck blog. You can read Rob's blog post at http://blog.blackducksoftware.com/?p=284.

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 Francisco, Paris, Tokyo 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.

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