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Wednesday, February 14, 2007
Black Duck raises $12m
Black Duck Software said today it closed $12 million in third round financing.
The Waltham company provides software compliance management
solutions, and it said it will use the funds to continue to build out
its product portfolio and strengthen international distribution
channels.
The third round of financing was led by Focus Ventures, a venture capital firm in Palo Alto, Calif.
"Black Duck is in the path of the most dominant trends in software
today," Steven P. Bird, general partner of Focus Ventures, said in a
statement. "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."
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