Black Duck Software Among Fastest Growing Companies in North America on Deloitte’s 2014 Technology Fast 500™
Revenue growth attributed to Black Duck’s ability to deliver OSS Logistics to industries in need of open source management, security, and automation
Burlington, MA – November 13, 2014 — Black Duck Software the leading OSS Logistics solutions provider enabling the deployment and management of open source software (OSS), today announced its inclusion on Deloitte’s Technology Fast 500™, an annual ranking of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. While open source offers many opportunities and benefits, it also presents daunting management challenges. Black Duck’s OSS Logistics solutions enable the Global 2000 to dramatically improve software quality and code security, accelerate application development lifecycles, reduce costs, and ensure compliance.
“Our commitment to solving our customers' challenges, as they manage open source in the enterprise, continues to propel Black Duck forward,” said Lou Shipley, president and CEO of Black Duck Software. “Our inclusion in the Fast 500™ is a testament to that commitment and the effectiveness with which OSS Logistics address the needs of our enterprise customers.”
“The companies ranked on the 2014 Deloitte Technology Fast 500 continue to set the bar for their industry higher each year,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. technology, media and telecommunications leader. “There are so many exciting products and smart thought leaders driving this list. We congratulate the Fast 500 companies and look forward to seeing them continue their momentum into 2015.”
With Black Duck, companies in financial services, embedded systems, mobile, and software are able to manage the use of open source from the point it enters the organization, throughout the development process, and across the supply chain. With the controls Black Duck puts in place for its customers, organizations get the most out of OSS through efficient innovation while managing security and risk.
“For 20 years, the Deloitte Fast 500 rankings have honored the innovation that is part of these companies’ DNA,” added Jim Atwell, national managing partner of the emerging growth company practice, Deloitte & Touche LLP. “We’re glad to be serving these high-growth companies, and helping the technology sector recognize the great strides and transformation these companies are making in their respective areas.”
About Black Duck Software, the Leading OSS Logistics Provider
Black Duck provides the world’s only end-to-end OSS Logistics solution, enabling enterprises of every size to solve the logistical challenges and optimize the opportunities that come with open source adoption and management. As part of the greater open source community, Black Duck connects developers to comprehensive OSS resources through The Black Duck Open Hub (formerly Ohloh) and to the latest commentary from industry experts through the Open Source Delivers blog. Black Duck is headquartered in Boston and has offices in San Mateo, 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 the company at @black_duck_sw.
About Deloitte’s 2014 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private – in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2009 to 2013.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years and be headquartered within North America.
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