|
||
|
Venture capital firms and funds in Europe 128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Venture Capital Terms and Topics
-
Black Duck Software Closes $12 Million in Third Round Financing
February 15th, 2007 No comments
Black Duck Software, the leading global provider of software compliance management solutions, recently announced it has closed $12 million in a third round of financing led by Focus Ventures of Palo Alto, California.
Black Duck will use the funds to continue to build out its product portfolio and to strengthen international distribution channels. The funding will allow Black Duck to further differentiate itself as the only company with a broad vision of software intellectual property and compliance management requirements, as well as the ability to deliver a platform to help customers worldwide meet those challenges.
“Black Duck is in the path of the most dominant trends in software today,” said Steven P. Bird, general partner of Focus Ventures. “Development has moved toward a code assembly method, including the blending of open source, third-party and internally developed components. Black Duck leads the market by providing a platform that helps companies implement software governance. We’re confident that they will extend their leadership and further distinguish themselves in terms of vision and products.”
Douglas Levin, president and CEO of Black Duck Software, said: “Organizations across industries increasingly recognize the importance of compliance issues associated with software they build and use. Black Duck leads the market in providing solutions that help these businesses manage the policies and processes that govern the creation, deployment and distribution of software assets. As we accelerate our growth and enter new markets, Focus Ventures’ global reach will be a strong asset to Black Duck.”
The Series C financing brings to $29 million the total raised to date by Black Duck. Previous investors in the company, including Fidelity Ventures, Flagship Ventures, General Catalyst Partners, Intel Capital and SAP Ventures, also participated in the round.
Black Duck Software is the leading provider of software compliance management solutions that help companies govern how software assets are created, managed and licensed. Black Duck’s offerings help businesses take maximum advantage of open source software while at the same time ensure that they satisfy the obligations associated with the code they use. Black Duck’s customer base includes enterprises, product developers, outsourcers, law firms and other organizations worldwide that are concerned with protection of software intellectual property.
For more information, please visit www.blackducksoftware.com
Leave a reply
Latest Headlines:
Friday August 31, 2012
Zscaler Secures $38 Million Investment Round
Wednesday November 30, 2011
Health Care Solutions companies Infinity Pharmaceutics, NanoVobronix and Selventa raise funds.
Monday November 21, 2011
Panda Power opens $420 Million Fund for Solar and Natural Gas Projects
Thursday November 17, 2011
Better Place raises $200 Million for Electric Cars in the Series C of Funding
Wednesday November 16, 2011
Accel Partners raise $100 Million Big Data Fund to Invest in Hadoop, NoSQL and other Companies
Tuesday November 15, 2011
Skimlinks raises $4.5 Million to help Bloggers Increase their Gains
Monday November 14, 2011
Standing Cloud raises $3 Million to help New Cloud Providers grow Faster
Thursday November 10, 2011
Zillow acquires Diverse Solutions for $7.8 to help Real Estate Agents increase their Visibility