Year highlighted by strong revenue and customer growth, along with continued product innovation
BURLINGTON, Mass – Jan 10, 2011 – Klocwork, Inc, the global leader in automated source code analysis solutions for improving developer productivity, today marked the close of a successful 2010 fiscal year. The company ended the year by posting a 31 percent growth in revenue as compared to 2009, along with record bookings for the year. Klocwork’s customer base also grew by 21 percent, and the Company now counts more than 800 customers worldwide.
"We went into 2010 well positioned to make it a year of accelerated growth," said Mike Laginski, chief executive officer, Klocwork. "Our aggressive innovation strategy combined with strong business execution in all of our channels made for an exceptional year."
Building on the significant product innovations made in 2009, Klocwork further extended the capabilities of Klocwork Insight™ and Klocwork Insight Pro™ in 2010 by:
- Broadening its security vulnerability analysis capabilities with integrated support for the Common Weakness Enumeration™ (CWE), CERT Secure Coding Initiative, and Software Assurance Metrics and Tool Evaluation (SAMATE) initiatives.
- Introducing enhanced support for multicore and multiprocessor development by extending the Klocwork Truepath™ static analysis engine to detect complex endian incompatibilities and concurrency issues.
- Adding support for the Motor Industry Software Reliability Association (MISRA) coding standard to provide built-in, automated detection and reporting for MISRA-C:2004 and MISRA-C++:2008.
In addition to its growth in North America, the Company continued its expansion internationally to address the growing need for developer productivity tools. Reseller and services partners were added in the United Kingdom, Benelux, Germany, South Korea, and India, representing a significant growth in the size of its existing partner network.
"Our plan is to continue expanding Klocwork’s global operations to support and grow our customer’s deployments," said Laginski. "As source code analysis becomes a standard practice for software development worldwide, Klocwork is very well positioned for the future."
Klocwork helps developers create more secure and reliable software. Our tools analyze source code on-the-fly, simplify peer code reviews, and extend the life of complex software. Over 1000 customers, including the biggest brands in the mobile device, consumer electronics, medical technologies, telecom, military and aerospace sectors, have made Klocwork part of their software development process. Thousands of software developers, architects, and development managers rely on our tools everyday to improve their productivity while creating better software.