Software Industry and Venture Capital Veteran Brings Wealth of Enterprise Software and Executive Leadership Experience to the Board of Directors
BURLINGTON, Mass., March 15, 2012 – Black Duck Software, the leader in open source software knowledge, adoption and governance, today announced that Thomas F. Bogan has joined the company’s Board of Directors as Chairman. He brings deep expertise and experience in scaling early-stage enterprise software companies into large, profitable businesses, and will help Black Duck further its mission to enable development organizations to build innovative software more quickly through the managed use of open source software (OSS).
Bogan is a private investor and serves as Chairman of the Board of Directors for Citrix Systems (Nasdaq: CTXS), where he has been a director since 2003. He also sits on the Board of PTC (Nasdaq: PMTC), and several private companies. Prior to joining the Citrix Board, Bogan held executive management positions at Rational Software Corporation from 1997 to 2003, serving as President and Chief Operating Officer from 2000 to 2003, when Rational was acquired by IBM. He was also a Partner at Greylock Partners, a venture capital firm.
“Tom has a tremendous background in enterprise software and a keen understanding of the needs of software developers and their development teams - Black Duck’s primary audience,” said Tim Yeaton, CEO and President, Black Duck Software. “His experience leading Rational and guiding many public and privately-held companies to profitable growth, along with his broad industry network, will be invaluable to Black Duck as we continue to accelerate our growth, global presence and strategic partnerships.”
Black Duck has recorded greater than 30 percent average annual growth since 2008. The company recently announced that it had achieved 34 percent year-over-year growth in 2011, fueled by accelerating demand for its management and governance solutions for enterprises utilizing OSS. The company is currently privately held, with major investors including General Catalyst Partners, Flagship Ventures, Volition Capital (formerly Fidelity Ventures), Focus Ventures, Split Rock Partners, as well as Intel, SAP and Red Hat.
About Black Duck Software
Black Duck Software is the leading provider of strategy, 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-solution and reduce development costs while mitigating the management, compliance and security challenges associated with open source software. Black Duck Software powers Koders.com, the industry's leading code search engine for open source, and Ohloh.net, the largest free public directory of open source software and a vibrant web community of free and open source software developers and users. Black Duck is among the 500 largest software companies in the world, according to Softwaremag.com.
Black Duck Software