Black Duck Software Closes on $12 Million in Third Round - Waltham, MA

Black Duck Software, a provider of compliance software, announced on Wednesday that it has closed $12 million in a third round of financing led by Focus Ventures. The company has now raised a total of $29 million. Previous investors in the company -- including Fidelity Ventures, Flagship Ventures, General Catalyst Partners, Intel Capital and SAP Ventures -- also participated in the round. Black Duck said it will use the funds to continue to build its product portfolio and to strengthen international distribution.

http://www.blackducksoftware.com/news/releases/2_13_07.html