Record bookings fueled by strong growth in the US aerospace and defense sector
Burlington, Mass — Oct 09, 2012 — Klocwork Inc, the global leader in automated source code analysis (SCA) solutions for developing more secure and reliable software, today announced it closed the largest quarter of bookings in company history. Driven by growth in the US aerospace and defense sector as well as the European market, the company’s business continues to gain significant momentum.
"The results we’ve seen in Q3 and all of 2012 demonstrate that the company is well positioned for long-term growth," said Mike Laginski, Chief Executive Officer, Klocwork. "We’re seeing significant momentum in Europe, within the automotive sector in particular, and the US aerospace and defense sector. It’s clear that we’re offering a must-have solution for organizations wanting to make software security and reliability a top priority."
Klocwork demonstrated continued success in the US aerospace and defense sector with 25% year-over-year bookings growth. The top five US-based aerospace and defense firms rely on Klocwork’s tools to ensure their mission critical software is secure and reliable. With Klocwork Insight™, these organizations get security vulnerability and critical defect detection capabilities that enable their development teams to write higher quality code, improve productivity throughout the development process and ensure compliance with stringent standards such as DO-178B, CWE and DISA-STIG.
Growth in Europe has also been impressive, with particular strength in the automotive sector. This quarter, Klocwork joined the GENIVI® Alliance, allowing it to lend its expertise in ensuring software quality to the association’s mandate of driving the development and adoption of an open in-vehicle infotainment (IVI) reference platform. As the only source code analysis vendor combining deep defect detection with MISRA coding standard compliance, Klocwork preformed a static analysis scan of several of GENIVI’s C/C++ projects. The results will help GENIVI and its members improve the security and reliability of their IVI platform and the products built upon it.
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, automotive, military and aerospace sectors, have made Klocwork part of their software development process. Tens of thousands of software developers, architects, and development managers rely on our tools everyday to improve their productivity while creating better software.