Black Duck's protexIP(TM) 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 will use the funds to help expand its sales, marketing and product development activities to capitalize on the strong demand for automating open source software license compliance. "
Monday, June 06, 2005
Black Duck Software
" Black Duck Software, Inc., the leading provider of software compliance management solutions, today announced it has secured $12 million in Series B funding led by Fidelity Ventures. Intel Capital and SAP Ventures, a division of SAP AG, also participated in the round, together with existing investors: Flagship Ventures, General Catalyst Partners, and Red Hat. The company also announced that Dave Power, partner, Fidelity Ventures will join its Board of Directors.
Black Duck's protexIP(TM) 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 will use the funds to help expand its sales, marketing and product development activities to capitalize on the strong demand for automating open source software license compliance. "
Black Duck's protexIP(TM) 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 will use the funds to help expand its sales, marketing and product development activities to capitalize on the strong demand for automating open source software license compliance. "
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