Black Duck Software On IPO Path, Though Possible Acquirers Abound

Burlington-based open-source software specialist Black Duck Software is "one or two years behind" recently public Rally Software, both in terms of revenue growth and IPO plans, Black Duck CEO Tim Yeaton said in an interview.

Yeaton declined to offer specifics on his company's revenue, but added that Black Duck is "in the same growth rate ballpark range" as Rally.

Colorado-based Rally Software, which completed its IPO in April, saw $56.8 million in revenue for the fiscal year ended Jan. 31 and $41.3 million for the fiscal year before that.

Yeaton said Black Duck, founded in 2002, has been growing steadily in recent years amid increased interest in using open-source software in the enterprise. The company offers software tools and consulting to help companies build applications that harness open-source projects.