News Feed Item
Black Duck Software Raises $20 Million to Advance Leadership in Open Source Software Logistics
|By Business Wire
|September 3, 2014 08:42 AM EDT
Duck Software, the leading OSS Logistics solutions provider enabling
the deployment and management of open source software (OSS), today
announced that it has closed a $20 million investment round led by
General Catalyst Venture Partners with all existing investors also
participating in the round. The funding will be used to help the company
expand its global go-to-market model to fulfill the rapidly growing OSS
Logistics market opportunity. In addition, the company today announced
the appointment of Stephen Gregorio as its Chief Financial Officer and
Executive Vice President.
Gregorio, who played a critical role in securing the new funding, has
over 25 years of financial management experience at high-growth
technology companies including Verdasys, Interwise Corporation (acquired
by AT&T) and Gensym Corporation, among others. Reporting directly to
Black Duck President and CEO Lou Shipley, Gregorio will help Black Duck
expand aggressively in the fast-growing OSS Logistics sector.
“With this funding in place, we are well-positioned to advance OSS
Logistics solutions across the enterprise,” said Shipley. “Over the next
18 months, we will release powerful new solutions aimed at solving
critical supply chain and software development challenges that have
resulted from the explosive growth of OSS in enterprises worldwide.
Black Duck is among the first to recognize the need for a smarter, more
efficient approach to streamlining, safeguarding, and managing the
software development and deployment chain. As such, we are ready to help
the world’s most innovative organizations better leverage, secure, and
grow their investments in open source to achieve greater business
According to Gartner, a leading market research firm, 95 percent of all
IT organizations will leverage non-trivial elements of OSS technology in
their mission-critical IT portfolios by 2016, and fewer than 50 percent
of organizations will have implemented an effective strategy for
procuring and managing OSS. Black Duck has a rich history of helping
Fortune 1000 firms dramatically improve software quality, hasten
application development lifecycles, and improve compliance while
mitigating security risks.
Black Duck’s Board of Directors and investment advisors are equally
optimistic about the company’s future in this emerging market.
“We’ve partnered with Black Duck since it was founded, and over the past
decade the company has successfully evangelized and supported the safe
and proper use of open source software for thousands of enterprises
worldwide. Now that OSS has matured and become ubiquitous across
organizations of all sizes, they are ready to drive the next phase of
explosive innovation and growth in the market,” said Larry Bohn,
Managing Director at General Catalyst Partners. “Black Duck provides the
only platform that enables enterprises to manage the increasingly
complex OSS logistics frontier. It’s a great example of a company we’ve
been bullish on for a long time that maintained its focus while the
market was catching up to its vision. Its future looks really exciting.”
Further accelerating Black Duck’s growth will be Gregorio’s proven
financial management experience. In his previous positions, he
successfully managed IPOs, handled merger and acquisition transactions
on both sides, raised both debt and equity capital, and served as
general counsel, negotiating customer, partnership, and channel
About General Catalyst
General Catalyst Partners is a venture capital firm that makes
early-stage and growth equity investments. The firm backs exceptional
entrepreneurs who are building innovative technology companies that
transform industries, including KAYAK, Demandware, Stripe, Airbnb, The
Honest Company, Warby Parker, Datalogix, BigCommerce, Snapchat, HubSpot,
and Datto. The General Catalyst partnership leverages its broad
experience to help founders build market-leading businesses. General
Catalyst has offices in Cambridge, MA, Palo Alto, CA, and New York City.
For more information, visit: www.generalcatalyst.com
About Black Duck Software
Duck provides the world’s only end-to-end OSS
Logistics solution, enabling enterprises of every size to optimize
the opportunities and solve the logistical challenges that come with
open source adoption and management. As part of the greater open source
community, Black Duck connects developers to comprehensive OSS resources
Black Duck Open Hub (formerly Ohloh), and to the latest commentary
from industry experts through the Open
Source Delivers blog. Black Duck also hosts the Open
Source Think Tank, an international event where thought leaders
collaborate on the future of open source. Black Duck is headquartered
near 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.
Enterprise IT has been in the era of Hybrid Cloud for some time now. But it seems most conversations about Hybrid are focused on integrating AWS, Microsoft Azure, or Google ECM into existing on-premises systems. Where is all the Private Cloud? What do technology providers need to do to make their offerings more compelling? How should enterprise IT executives and buyers define their focus, needs, and roadmap, and communicate that clearly to the providers?
Dec. 10, 2016 06:00 AM EST Reads: 693
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 04:45 AM EST Reads: 1,092
"We are a leader in the market space called network visibility solutions - it enables monitoring tools and Big Data analysis to access the data and be able to see the performance," explained Shay Morag, VP of Sales and Marketing at Niagara Networks, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 04:30 AM EST Reads: 531
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
Dec. 10, 2016 04:15 AM EST Reads: 1,387
Amazon has gradually rolled out parts of its IoT offerings in the last year, but these are just the tip of the iceberg. In addition to optimizing their back-end AWS offerings, Amazon is laying the ground work to be a major force in IoT – especially in the connected home and office.
Amazon is extending its reach by building on its dominant Cloud IoT platform, its Dash Button strategy, recently announced Replenishment Services, the Echo/Alexa voice recognition control platform, the 6-7 strategic...
Dec. 10, 2016 04:15 AM EST Reads: 553
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Dec. 10, 2016 04:00 AM EST Reads: 5,522
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Dec. 10, 2016 04:00 AM EST Reads: 5,316
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
Dec. 10, 2016 03:15 AM EST Reads: 488
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 10, 2016 02:45 AM EST Reads: 2,270
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Dec. 10, 2016 02:15 AM EST Reads: 795
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Dec. 10, 2016 02:00 AM EST Reads: 1,995
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
Dec. 10, 2016 02:00 AM EST Reads: 625
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for s...
Dec. 10, 2016 01:30 AM EST Reads: 793
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files.
In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Dec. 10, 2016 01:30 AM EST Reads: 4,001
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 10, 2016 01:15 AM EST Reads: 1,225