Black Duck Software Growth Surges in 2009, Closes Year with Substantial Gains
Year-over-year bookings grow 37%
WALTHAM, Mass., January 13, 2010— Shattering growth records for Q4 and 2009 overall, 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 a record Q4 and 2009 performance that saw the company achieve a 37 percent year-over-year growth in bookings for the year.
Growing market awareness of the importance of managing and controlling the use of open source software fuelled Black Duck’s momentum and contributed to robust Q4 sales, with world-class companies SAP, Compuware, and SITA signing on as new customers.
In surpassing its 2009 bookings plan, Black Duck grew its presence in all key business sectors, with mobile and enterprise software deals leading the wave.
Black Duck’s services business also grew significantly (30%) in Q4, with the software IP assessments business up 31% year-over-year and rising to 34% sequentially from Q3 ‘09 to Q4 ‘09, signaling resurgence of the M&A market.
Black Duck helps its customers’ development organizations improve efficiency and accelerate time-to-solution using a multi-source development process that combines open source software with internally-developed and third-party code. Black Duck solutions enable the widespread use of open source software while mitigating the associated management, compliance and security challenges.
“2009 was a difficult year for many companies, but Black Duck’s products and services helped companies stay competitive, effectively managing resources and reducing cost and risk,” said Tim Yeaton, CEO and President. “Black Duck’s value proposition – making it simple to use open source code at enterprise scale - helps our customers develop software and products more effectively, increasing competitive advantage.”
Fiscal year 2009 year-end successes include:
- Breakthrough growth in a difficult economy. Fiscal year 2009 saw the launch of the Black Duck Suite, which contributed to a bookings surge of 37 percent year-over-year against 2008 - with 2H 2009 annualized growth even higher. The company’s subscription and professional services business grew substantially, with software IP assessments posting growth of 85 percent for the second half of the year, signaling a return to growth in the mergers and acquisitions market.
- Achieved positive management operating income in Q4 and for all of 2009. Billings exceeded total expenses for the quarter and the entire year due to the company’s strong management of income and expenses.
- International expansion continues with Tokyo office. In addition to maintaining international offices in Hong Kong, Frankfurt and Paris, the company opened a Tokyo office to serve channel partners and customers in the Asia-Pacific region.
- New customer growth. The company added 45 new customers in Q4, ending the year with more than 700 customers. New customers reflect strength in the enterprise software and mobile and telecommunications sectors.
- Significant enhancements to Koders.com. Black Duck broke the 2.5 billion lines of code mark with Koders.com, its free open source code search engine. Black Duck has increased the open source software code available through Koders.com by 400 percent since acquiring the site in 2008.
- Awards and Recognition in 2009:
- Named to Piper Jaffray’s list of "Nifty 150" private cloud computing companies.
- Named to Software Magazine Software 500 ranking of the world’s largest software and service providers for the second year in a row. The company moved up 26 places in the rankings. The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers.
- Named to the SD Times 100. Recognized in the Tools and IDE categories for products and services that support multi-source development.
- Named a 2009 voke Innovator. Recognized for helping developers use open source code and transforming the application lifecycle through innovation.
Listen to a podcast interview with Tim Yeaton, CEO and President of Black Duck Software reviewing 2009 and looking at 2010 open source trends by visiting http://ducks.blackducksoftware.com/~webmedia/_Podcasts/BDS-Tim-Yeaton-1-11-10.mp3
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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