Black Duck Reports Record Fourth Quarter Fueled By Enterprise-Based New Business

   Black Duck Reports Record Fourth Quarter Fueled By Enterprise-Based New

Software and Consulting Company's Growth Demonstrates Importance of Open
Source Governance and Compliance Solutions

PR Newswire

BURLINGTON, Mass., Jan. 14, 2013

BURLINGTON, Mass., Jan. 14, 2013 /PRNewswire/ --Black Duck Software, the
trusted partner for open source software adoption, management, and governance,
today reported record sales in the final quarter of 2012 and for the full
year. The fourth quarter was the largest in the company's history, with
sequential quarterly growth in excess of 30 percent. The company's annual new
business growth of 39 percent demonstrates the importance of Black Duck's
governance and compliance solutions for open source software (OSS) use.

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Growth was fueled by new enterprise customers, especially in the financial
services industry which is increasingly relying on open source technology and
methods, along with the automotive, consumer electronics and industrial
manufacturing verticals. In addition, Black Duck reported particularly strong
results in greater China, with 48 percent growth in the region during 2012.

"One of the most important changes in 2012 regarding the strategic use of open
source in software development is that the conversation is happening at all
levels of the organizations – from CxOs to developers to competing companies
in industry ecosystems – in an ever-growing number of verticals," said Tim
Yeaton, President & CEO, Black Duck. "At Black Duck, we see particular
emphasis on the need for open source governance and compliance as industries
like financial services and manufacturing increasingly rely on software to
differentiate their offerings, and expect this trend will garner even more
momentum in 2013."

Black Duck 2012 milestones included:

  oThe addition of 62 new customers during the fourth quarter and 235 new
    customers during 2012, adding to the company's base of over 1,000
    enterprises around the world. In addition to large, multinational
    organizations, new customers in the fourth quarter included CommScope,
    Inc., Danaher Corporation, Infinisource, Intermedia, Lone Rock Technology
    Group, North Plains Systems and  Revinate. 
  oThomas F. Bogan became Chairman of the Board. Bogan's experience and
    expertise in scaling early-stage enterprise software companies will
    contribute to Black Duck's mission to enable organizations to build
    innovative software faster through the managed use of OSS.
  oThe release of Black Duck Suite 6.1, the market-leading open source
    software (OSS) management and governance platform. Suite 6.1 includes
    Express Scan, which speeds open source code discovery and delivers
    ease-of-use, scalability and code visibility to improve compliance and
    developer collaboration, and an enhanced Application Lifecycle Management
    (ALM) tool integration framework. Suite 6.1 can be deployed on premises or
    as Software-as-a-Service (SaaS).
  oSignificant updates to, including:

       oLicensing Ohloh data under the Creative Commons Attribution 3.0
         Unported license.
       oOhloh Code, the most powerful open source code search engine
         available free of charge to the open source community. 
       oThe Ohloh Organizations feature, enabling corporations, foundations,
         nonprofits, educational institutions, and government entities to
         identify affiliated projects and begin aggregating key statistics
         about the code, contributions, and people involved.

  oBlack Duck announced the availability of the Black Duck Code Quality Audit
    (CQA) service, a scalable solution which quickly delivers a comprehensive
    code quality report and bill of materials for internal audits and mergers
    and acquisitions (M&A) requirements.
  oBlack Duck and Olliance Consulting, a division of Black Duck, in
    conjunction with global management consulting firm BearingPoint, announced
    the availability of the Black Duck® Governance Fast Start™ for Automotive
    and the Governance Fast Start™ for GENIVI Members, packages designed to
    speed and reduce the cost of development for automotive manufacturers and
    Tier 1 suppliers.

Awards and recognition for the company included:

  oNamed to the SD Times 100 for the fifth consecutive year. Black Duck was
    honored in the QA & Security category of this list of leaders, innovators,
    and influencers in software development.
  oIncluded in the Software Magazine 500 for the fourth consecutive year.
    Black Duck ranked #383, moving up 23 spots from its 2011 ranking.
  oRated as a Top Place to Work in Massachusetts in the 2012 employee-based
    survey from The Boston Globe.
  oGarnered silver honors in the Best in Biz Award, the only independent
    business awards program judged by member of the press and industry
    analysts. The company was recognized in the Fastest-Growing Company of
    the Year category among mid-sized companies (101-1,000 employees).

About Black Duck Software
Offering award-winning software and consulting, Black Duck is the partner of
choice for open source software adoption, governance and management.
Enterprises of every size depend on Black Duck to harness the power of open
source technologies and methods. As part of the greater OSS community, Black
Duck connects developers to comprehensive OSS resources through, and
to the latest commentary from industry experts through the Open Source
Delivers blog. Black Duck also hosts the Open Source Think Tank, an
international event where thought leaders collaborate on the future of open
source. Black Duck is headquartered near Boston and has offices in San Mateo,
St. Louis, London, Paris, Frankfurt, Hong Kong, Tokyo, Seoul and Beijing. For
more information about how to leverage open source to deliver faster
innovation, greater creativity and improved efficiency, visit and follow us at@black_duck_sw.

SOURCE Black Duck Software

Contact: Sarah Gerrol, Black Duck Software,,
+1-781-425-4442; or Ann Dalrymple, Emanate,,
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