Judges Note Company’s Prominent Expansion, Confer Award in Fastest-Growing Company of the Year Category
Burlington, MA – November 16, 2012 – Black Duck has been named a silver winner in Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts. The company was recognized in the Fastest-Growing Company of the Year category among mid-sized companies (101-1,000 employees),
Since January 1, 2011, Black Duck Software has expanded dramatically, maintaining a four-year streak of 30 percent growth in year-over-year sales. Since that time, the company achieved significant global channel expansion, now operating in 24 countries around the world, and designed and relocated to an award-winning headquarters in Burlington, MA. Reporting 34 percent growth in 2011, Black Duck added 240 new customers in 2011 (bringing total customers to 1,000), and has grown to over 190 employees in CY 2012. Sales of small and medium-scale configurations grew 66 percent for Q2, particularly in the financial services, enterprise IT, and automotive sectors.
“We are thrilled to receive this prestigious recognition of our global momentum and growth,” said Tim Yeaton, President and CEO, Black Duck. “Black Duck’s success is a testament to open source software’s growing importance in many industries. We will continue to lead the market in delivering innovative solutions for the adoption, governance and management of open source software to our customers.”
More than 400 entries were submitted to the awards program from a wide array of public and private companies of all sizes and industries in the U.S. and Canada.
Winners of Best in Biz Awards 2012 were determined by an independent panel of judges from top-tier news, business and technology publications, as well as broadcast outlets and analyst firms, such as ABC, Businessweek, Computerworld, ECT News Network, Entrepreneur, eWeek, Examiner, Financial Times, Forbes, FOX News, IDG Ventures, IEEE Institute, Inc., Insight Media, King Features Syndicate, Lab Reviews, Network World, The News and Observer, PC Magazine, ReadWriteWeb, Tech-Gaming, Techtalk, Upstart Business Journal, USA Today and ZDNet.