Quarter highlighted by 57 percent growth in license bookings and significant customer wins
BURLINGTON, Mass — Apr 07, 2011 — Klocwork, Inc, the global leader in automated source code analysis solutions for improving developer productivity, announced the close of a successful Q1 2011 that included record revenue driven by a 57 percent growth in license bookings as compared to Q1 2010.
"On the heels of a very successful 2010, I’m happy to report another great quarter," said Mike Laginski, chief executive officer, Klocwork. "The combination of record Q1 revenue, a surge in license sales, and new customer wins speaks directly to the quality of products and support Klocwork is bringing to the market."
Helping to drive this quarter’s growth was the conclusion of several significant agreements with global brands in the smartphone, digital home, and Japanese automotive segments. To support its more than 850 customers worldwide, the company launched the Klocwork Developer Network, an online technical community for learning, sharing and discussing topics related to source code analysis. The Klocwork Developer Network offers member access to self-paced computer-based training, online forums, technical product documentation, and more.
"We’re extremely excited about the launch of the Klocwork Developer Network," said Alan Weekes, director of customer success, Klocwork. "In addition to the learning resources available within the portal, a community of Klocwork experts is on-hand to ensure your questions get answered through our interactive forums. We encourage anyone interested in learning about static analysis to visit this great new resource."
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.