WALTHAM, Mass., Sept. 29, 2011 /PRNewswire/ -- Black Duck Software today announced its inclusion in Software Magazine's Software 500 ranking of the world's largest software and service providers. The list is now in its 29th year. The company, a leading global provider of strategy, products and services for automating the management, governance and secure use of open source software, has been included in this prestigious list for three consecutive years. Black Duck attained the rank of 406 on the 2011 list.
The Software 500 is a revenue-based ranking of the world's largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.
"Black Duck is delighted to be included once again on the Software 500 list," said Tim Yeaton, president and chief executive officer of Black Duck Software. "Our consistent growth signals the increasing enterprise adoption of open source software and the importance of our approach to code governance," added Yeaton. "Open source boosts our customers' competitive edge and ability to innovate, which in turn will lead to more rapid adoption of open source and growth for Black Duck."
"The 2011 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $541.5 billion worldwide for 2010, representing approximately 10 percent growth from the previous year's list," said John P. Desmond, editor of Software Magazine and Softwaremag.com.
Go to www.Softwaremag.com and click on Subscribe to be among the first to see the 2011 Software 500. It is being released first in the digital publication, to be distributed in late September.
The ranking is based on total worldwide software and services revenue for 2010. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.
About Digital Software Magazine, the Software Decision Journal, and Softwaremag.com
Digital Software Magazine, the Software Decision Journal, has been a brand name in the high-tech industry for 30 years. Softwaremag.com, its Web counterpart, is the online catalog to enterprise software and the home of the Software 500 ranking of the world's largest software and services companies. Software Magazine and Softwaremag.com are owned and operated by King Content Co.
About Black Duck Software
Black Duck Software is the leading provider of strategy, products and services for automating the management, governance and secure use of open source software, at enterprise scale, in a multi-source development process. Black Duck enables companies to shorten time-to-solution and reduce development costs while mitigating the management, compliance and security challenges associated with open source software. Black Duck Software powers Koders.com, the industry's leading code search engine for open source, and Ohloh.net, the largest free public directory of open source software and a vibrant web community of free and open source software developers and users. Black Duck is among the 400 largest software companies in the world, according to Softwaremag.com. For more information, visit www.blackducksoftware.com.
SOURCE Black Duck Software