Black Duck Software Secures $5M in Funding

backduckBlack Duck Software, a Boston, MA-based OSS Logistics solutions provider enabling the secure management of open source code, secured $5m in additional funding.

Backers included the venture capital unit of Siemens. In addition, it added former Avid Technology CEO and venture capitalist Daniel Keshian to its Board of Directors.

The company intends to use the funds to commercialize its new product offering, the Black Duck Hub. The solution, launched publicly in April, allows security and development teams to identify and mitigate open source related risks across an application portfolio in their their organizations.

Led by Lou Shipley, President and CEO, Dean Vassiliou, Vice President Customer Success Management, Michael Pittenger, Vice President of Product Strategy, Black Duck Software is an OSS Logistics solution provider, which enables enterprises of every size to securely manage open source code and optimize the opportunities that come with open source adoption and management. It connects developers to comprehensive open source software (OSS) resources through The Black Duck Open Hub (formerly Ohloh) and to commentary from industry experts through the Open Source Delivers blog.

The company also has offices in San Mateo, London, Paris, Frankfurt, Hong Kong, Tokyo, Seoul, and Beijing.




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