New England is a crowded space when it comes to cyber security, technology, and innovation, which is why we’re so honored to be named a finalist for the Cybersecurity Company of the Year Award in the 2018 NEVY Awards, hosted by the New England Venture Capital Association (NEVCA) and presented by Bristol-Myers Squibb.
Believe me, we know there is some seriously tough competition around here! As evidenced by Synopsys’ recent acquisition of Black Duck (completed in December 2017 for $547 million), there’s a real push toward integrating tools like ours into the software development life cycle. Now that we’re part of Synopsys, we can be part of the company’s mission to help organizations build secure, high-quality software and minimize risks while maximizing speed and productivity. That’s pretty much our favorite thing.
The NEVY Awards, now in their sixth year, celebrate New England’s top innovators, investors, and companies across the region’s healthcare, life science, and technology communities. I’m proud to work at a company that has both a history of innovation and the fortune of investors who were able to guide us to a successful acquisition. We’re looking forward to learning who the winners are in every category, which will be announced at the NEVYs award ceremony on May 9 at Boston’s House of Blues. I’ll be bringing my best Boston accent to help them with their “Stah Wahs” theme—Episode VI: Return of the NEVYs! Most of all, I’m excited to learn about and meet all the nominees.
“The NEVYs were born out of a desire to shine a spotlight on the amazing companies and breakthroughs happening in New England, with each year seeming like the nominees are even more impressive than the last,” said Jody Rose, president of the NEVCA. “That’s certainly no exception with our nominated companies for 2018, whose achievements in their respective fields are truly outstanding.”
Black Duck, which has nearly 15 years of experience and expertise in all things open source, is the leader in enabling companies to automatically identify and inventory their open source, detect known open source vulnerabilities, and dynamically monitor the open source inventory, providing proactive alerts if newly discovered open source vulnerabilities affect it. That ability is key, as our analysis of On-Demand audits shows that 96% of the applications we analyzed contained open source, with an ever-growing percentage of the codebase comprising open source. (Stay tuned: Our next Open Source Security and Risk Analysis is coming soon. You may be surprised at what we found!)
“Being nominated for a NEVY Award illustrates the impact Black Duck made securing enterprises’ open source code,” said Lou Shipley, an executive of the Synopsys Software Integrity Group and Black Duck CEO. “We look forward to building on Black Duck’s successes, pushing security and quality testing throughout the software development life cycle and reducing risk for our customers.”
With a focus on the regional business community, this year’s nominees—selected by the NEVYs Academy, composed of investors from the region’s top venture capital firms—are both locally headquartered and locally backed. The Cybersecurity Company of the Year category honors companies exemplifying New England’s leading place in the cyber security industry. Not only that, but the NEVYs honor both the life sciences and tech ecosystems, making it a list of companies you just might want to follow in the future.
While Black Duck has grown from its headquarters in Burlington, Massachusetts, to include offices in San Jose, California; Vancouver, Canada; Belfast, Northern Ireland; Theale, United Kingdom; and Tokyo, Japan, we still consider New England our community, much as we consider ourselves a part of the open source community. And just as we’ve been delighted to honor open source innovation with our Open Source Rookies awards, we’re honored to be finalists for Cybersecurity at this year’s NEVYs. I hope you’ll join me in congratulating everyone that made the finalist list. They’re all worth checking out.