BURLINGTON, Mass.--(BUSINESS WIRE)--Black Duck Software, a global leader in automated solutions for securing and managing open source software, today announced it has been ranked 38th in the Q3 2015 Cybersecurity 500 listing of the world’s top cybersecurity companies.
The company has also released a free 14-day trial version of its Black Duck Hub software, which enables organizations to identify all their open source code, map that code to known open source security vulnerabilities and dynamically monitor the code to provide alerts for any newly discovered open source vulnerabilities.
The free 14-day Hub trial can be accessed on the company’s website.
Cybersecurity Ventures compiles a quarterly list of leading solutions and services companies in the cybersecurity industry, which is expected to grow from $77 billion in 2015 to more than $170+ billion in 2020, according to estimates by IT research firms and analysts. Black Duck Software is the only open source-focused company placed in the Cybersecurity 500 top 50.
This is the first time Black Duck has been listed in the top 50, a placement Black Duck CEO Lou Shipley called a “welcome recognition of the progress our product management and engineering groups have made over the last 18 months in delivering open source security solutions that address today’s biggest market concerns.”
Gartner Research projects that 95 percent of enterprise companies globally will use open source software in their operations by the end of 2016, but recent high-profile open source security breaches, including Heartbleed, have raised security concerns about open source.
“Use of open source is accelerating throughout the enterprise because it can reduce development costs and speed time to market,” said Shipley. “However, companies are becoming increasingly aware that to meet their security requirements they need much better visibility into, and control over, what open source code they are using.”
Shipley said that taking advantage of the opportunity to try out Black Duck Hub “will demonstrate that establishing control and visibility over open source can be achieved very quickly.”
About Black Duck Software
Organizations worldwide use Black Duck Software’s industry-leading products to secure and manage open source software, eliminating the pain related to security vulnerabilities, compliance and operational risk. Black Duck is headquartered in Burlington, MA, and has offices in Mountain View, CA, London, Frankfurt, Hong Kong, Tokyo, Seoul and Beijing.