Company revenue and customer growth shows that software development teams continue to invest in developer productivity
BURLINGTON, Mass. – Apr 08 2009 – Klocwork, Inc., the proven leader in automated source code analysis (SCA) today announced record Q1 revenue fueled by 81 percent growth in new customer license revenue. The Company attributes this momentum to the growing adoption of its desktop solution. The current economic climate has increased the need for organizations to proactively look for ways to improve developer productivity and manage critical code bases more cost effectively.
Klocwork has been a pioneer in SCA solutions and has seen continued growth in the adoption of its products, enabling corporations in markets from consumer mobile devices to safety-critical software to address software quality and security concerns early in the software development lifecycle (SDLC).
"The fact that we just had our best first quarter in company history during a time of economic instability is a clear indicator that our solutions are a necessity for software development organizations," said Mike Laginski, CEO, Klocwork. "What we are hearing from our customers is that real developer productivity improvements must happen at the desktop. Our desktop vision and product capabilities are driving our growth."
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.