Software license management company gains $12M funding

Click here to learn
about this Sponsor:

Home | News | Articles | Polls | Forum

Keywords: Match:

Jun. 06, 2005

Black Duck Software has secured $12M in a Series-B funding round led by Fidelity Ventures. The round includes Intel Capital and SAP Ventures, along with previous investors Flagship Ventures, General Catalyst Partners, and Red Hat. Black Duck will use the funds to expand its sales, marketing, and product development activities, it says.

Additionally, Black Duck announced that Fidelity Ventures partner Dave Power will join its Board of Directors, and that Intel Corporation has signed a technical and marketing cooperation agreement to help Black Duck optimize its ProtexIP solution for use with 64-bit Intel Xeon processor-based servers.

Black Duck sells automated software license management products and services, including ProtexIP/developer and ProtexIP/registry, launched in May of 2004, and ProtexIP/license management, launched in October of 2004. Black Duck says its ProtextIP suite allows businesses to identify and manage license obligations for their software assets, enabling safer and more productive use of open source and component software without compromising valuable intellectual property (IP).

Black Duck CEO Douglas A. Levin said, "Black Duck's business is driven by a 'perfect storm' of market trends that together position the company for rapid growth. Mainstream developers' use of open source software, increased outsourcing and offshoring, new regulatory mandates, and deeper due diligence in both licensing and acquisitions are focusing executive attention on internal controls relating to software IP assets."

Power said, "Black Duck helps remove one of the last remaining roadblocks to wide-spread enterprise adoption of open source. Their solutions enable businesses to understand and manage complex license obligations so they can safely and productively use open source software in their critical operations. We believe the company is well-positioned to become the category leader."

Jennifer Scholze, an investment manager at SAP Ventures, said, "We see the software world as increasingly based on mixed-IP solutions that incorporate open source, commercial, and proprietary software within single applications. Companies need to understand and manage this complex and risky environment with a robust, safe, and intuitive solution."

Red Hat's general counsel, Mark Webbink, said, "We believe the potential for software compliance management solutions is substantial and growing rapidly."

Black Duck's first round of funding, in July of 2004, netted $5M.

Related Stories:

(Click here for further information)

7 Advantages of D2D Backup
For decades, tape has been the backup medium of choice. But, now, disk-to-disk (D2D) backup is gaining in favor. Learn why you should make the move in this whitepaper.

4 Legal Reasons to Control Internet Access
The Internet is obviously a valuable resource for many organizations. However, many are exposed to legal liability concerns because they fail to control Internet access. Learn if you're safe in this white paper.

Rapidly Resolve J2EE Application Problems
Whether you are in the process of building J2EE applications or have J2EE applications already running in production, you must ensure that they deliver the expected ROI. Learn how in this white paper.

Load Testing 2.0 for Web 2.0
There are many unknowns in stress testing Web 2.0 applications. Find out how to test the performance of Web 2.0 in this white paper.

Build Better Games Online
For the game infrastructure providers, life is complex. Making money from games has become more complicated. Why? Find out in this white paper.

Building a Virtual Infrastructure from Servers to Storage
This white paper discusses the virtual storage solutions that reduce cost, increase storage utilization, and address the challenges of backing up and restoring Server environments.

Gaining Faster Wireless Connections with WiMAX
Welcome to what is quickly becoming the hyperconnected world where anything that would benefit from being connected to the network will be connected. Learn more in this white paper.

Is Your Desktop a Security Threat?
The new wave of sophisticated crimeware not only targets specific companies, but also targets desktops and laptops as backdoor entryways into those business’ operations and resources. Learn how to stay safe in this white paper.

Increasing SAN Reliability by 100 Percent
Storage area networks (SAN) are a strong part of storage plans. Learn how to increase your reliability and uptime by 100 percent in this case study.

Got a HOT tip? please tell us!

Click here for a profile of each sponsor:

PLATINUM SPONSORS
<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=timesys;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=timesys;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>		<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=windriver;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=windriver;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>

<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=versalogic;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=versalogic;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>		<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=winsystems;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=winsystems;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>

<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=virtuallogix;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=virtuallogix;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>		<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=trolltech;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=trolltech;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>

<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=montavista;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=montavista;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>		<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=technicalsolutions;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=technicalsolutions;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>

GOLD SPONSORS
<a href="http://ad.doubleclick.net/jump/entzd.linuxdevices/desktop;kw=ultimate;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?"" style="border-width:0px;height:150px;width:30px;"><img src="http://ad.doubleclick.net/ad/entzd.linuxdevices/desktop;kw=ultimate;pos=top;dcopt=ist;zdid=a221772;tile=1;sz=150x30;ord=<script=JavaScript>document.write(Math.round(Math.random()10000000000));</script>?" style="border:0; height: 150; width:30;" /></a>		(Become a sponsor)

ADVERTISEMENT
(Advertise here)

Check out the latest Linux powered...

mobile phones!

other cool
gadgets

BREAKING NEWS

• Linux video camera geo-tags, writes to SATA drives
• Garmin Nav devices run Gnome Linux
• Ten LiMo phones this month?
• It's a Yankee Doodle Linux phone
• Wind River to host "Developer Day"
• Dev boards gain Linux support
• 802.11n zooms ahead
• Low-power mini-ITX board runs Linux
• Pico-ITX board bears twins
• Mass-market WiFi router invites Linux hackers
• LiMo phone specialist buys app stack
• "PDA phone" runs Linux
• ST, NXP spin phone chip JV
• Military-grade USB key supports Linux
• USB Linux systems expand

Linux-Watch headlines:
• Microsoft tactics push India toward Linux
• Bell, SuperMicro sued over GPL
• "Business intelligence" software goes GPL
• Will Atom bomb?
• LF Summit videos posted
• Linux gains "embedded" maintainers
• Virtualization on tap in SLES and RHEL upgrades
• Linux gets security black eye
• Verizon chooses Linux "platform of choice"
• Hats off to Fedora 9

Also visit our sister site:

Sign up for LinuxDevices.com's...

news feed

Use of this site is governed by our Terms of Service and Privacy Policy. Except where otherwise specified, the contents of this site are copyright © 1999-2008 Ziff Davis Enterprise Holdings Inc. All Rights Reserved. Reproduction in whole or in part in any form or medium without express written permission of Ziff Davis Enterprise is prohibited. Linux is a registered trademark of Linus Torvalds. All other marks are the property of their respective owners.