Black Duck Solidifies Leadership as International Provider of Solutions to Accelerate Software Development by Managing Proper Use of Code

Company Achieves Record Customer Growth in 2007

WALTHAM, Mass., January 14, 2008—Black Duck Software, the leading global provider of software component management solutions, today announced record customer growth in 2007, demonstrating its continued market leadership in providing solutions that enable customers to safely use open source and third-party code components while managing their software licensing obligations and mitigating business risks. Black Duck now has more than 575 customers, including recent additions of NEC, Citrix, IONA Technologies, Lehman Brothers and QNX.

With the launch of protexIP in 2003, Black Duck introduced the best practice of managed software component reuse, enabling today’s state of the art development model, the assembly of software by safely combining home-grown code with open source and third party components. By using protexIP to manage component reuse within a software development life cycle, Black Duck customers produce better quality software, reduce development and maintenance costs, and speed time-to-market.

Black Duck achieved a number of milestones in 2007. The company witnessed a 78 percent increase in customer bookings from Q3 to Q4, including 93 percent year-over-year growth internationally. Worldwide, Black Duck added more than 240 new customers during the year. Additionally, Black Duck contributed to several industry initiatives on software licensing and code reuse. Among other activities, company executives participated on committees contributing to the newest version of the GNU General Public License, GPLv3, which was finalized during the summer.

“Black Duck’s growth demonstrates that the company has extended its leadership position—a position we have had since our founding—in the market for open source component management,” said Robert Lapides, executive vice president of field operations at Black Duck Software. “The success we have seen is the result of many factors, including the commitment of our employees, our focus on customer success, and the vision we have for how our technology can improve how applications are developed, deployed and sold.”

Superior Product and Partners Fuel Adoption

A sampling of recent Black Duck milestones includes:

• 2006—Recognized with achievements, including Red Herring magazine’s selection of Black Duck to the Red Herring 100, the Software and Information Industry Association’s honoring of the protexIP suite as a finalist for its CODiE Award for Best Software Development Solution, and CMP Media’s choice of protexIP as a finalist for its Jolt Award for Excellence in Quality Project Management.

• February 2007—Closed $12 million third-round venture financing led by Focus Ventures and including investment from existing investors.

• May 2007—Introduced transactIP, a hosted product for those involved in due diligence that provides fast assessments of software code licensing requirements ahead of M&A activity.

• June 2007—Established European headquarters in Amsterdam and signed three new international partners.

• October 2007—Released updated protexIP as well as an online guide to open source licensing adoption. Version 4.4 includes functions to manage code governed by various versions of the same license.

• October 2007—Earned Honor from Mass Technology Leadership Council, which selects Black Duck’s Douglas Levin as CEO of the Year.

• November 2007—Inked reseller agreement with NEC to resell protexIP in Japan and for NEC to use the BlackDuck product as part of initial customer evaluations.

About Black Duck Software

Black Duck Software is the leading global provider of managed software component solutions. The company helps organizations safely use open source and third-party code components while managing their software licensing obligations and mitigating business risks. Black Duck™ provides products and services that help enterprises, software developers, outsourcers, law firms and investors understand the composition and origin of software. By enabling organizations to fully manage component reuse within the software development lifecycle, Black Duck helps companies produce better quality software, reduce development and maintenance costs, and speed time-to-market. For more information, visit www.blackducksoftware.com.

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Black Duck, protexIP and Know Your Code are registered trademarks and the Black Duck logo, exportIP and transactIP are trademarks of Black Duck Software, Inc. All other trademarks are the property of their respective holders.

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