Black Duck Reports Record-Breaking First Quarter

New Customer Acquisition, Service Upgrades, and Vertical Expansion Leading Indicators for Banner Quarter

News provided by

Apr 23, 2013, 09:05 ET

BURLINGTON, Mass., April 23, 2013 /PRNewswire/ -- Black Duck Software, the trusted partner for open source software adoption, management, and governance, today announced that following a record fourth quarter the company achieved another milestone with its most successful first quarter to date. The company reported that it was a record quarter for subscriptions, with strong growth in services and upgrades from existing customers contributing to the positive results. Existing customers expanded their use of Black Duck in response to ever-growing code bases and increased adoption of OSS.

(Logo: http://photos.prnewswire.com/prnh/20121025/NE99895LOGO )

The company also saw acceleration in M&A audit business during Q1. In addition, businesses with extended supply chains expanded their use of Black Duck due to demand for compliance from OEMs. The company also reported strong, continued new customer acquisition putting its customer base at well over 1,100. In the first quarter of 2013, Black Duck added new customers Aricent, ISB Corporation, Mitsubishi Electric, and eScan Data Systems, Inc., among others.

Black Duck continues to grow beyond its standard IT, electronics equipment and software and services segments, moving strongly into mobile, collaboration/social and financial services segments.

First quarter 2013 milestones include:

"First quarter 2013 is an excellent indicator of things to come for the year, and we're seeing our strongest pipeline ever for Q2," said Tim Yeaton, CEO and President, Black Duck, "We are very pleased to see the numbers reflect the excitement our customers are showing for our newest products and services and expect to see that enthusiasm pace the growth of OSS adoption."

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 Ohloh.net, 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 www.blackducksoftware.com and follow us at @black_duck_sw.