Black Duck Software Names Douglas R. Johnson as Chief Financial Officer

Business Wire, Oct 17, 2005

WALTHAM, Mass. -- Black Duck Software, the leading provider of software compliance management solutions, today announced the appointment of Douglas R. Johnson as senior vice president and chief financial officer. Johnson replaces Cindy Smith, who served as the company's interim CFO.

"Doug has a great background and significant experience in strategic and financial planning, international operations management, and mergers and acquisitions," said Douglas A. Levin, CEO of Black Duck Software. "We're very excited to have Doug on board, as he will play an important role in managing our rapid growth and business performance."

"With the increasing global need for protexIP and an impressive product and team, Black Duck has achieved considerable success in its short history," said Johnson. "Black Duck is well positioned for even greater success and I look forward to helping the company extend its leadership within the software compliance management market."

Doug Johnson brings more than 25 years of industry experience to Black Duck, including executive financial and operations roles at multiple software firms. Among many other accomplishments, Johnson has raised private equity capital, led three initial public offerings and three secondary public offerings, and managed a number of acquisitions during his career. Most recently, Johnson was chief operating officer, and previously CFO, of software maker THINQ Learning Solutions. There, he directed all customer facing technical and delivery activities plus hosting operations. Previously, Johnson was executive vice president of operations and finance at Softlock.com, Inc., a distributor of secure digital content on the Internet. There he obtained financing for this publicly traded company and managed the engineering and hosting operations for the company's eCommerce services. His background also includes executive management positions at Aztec Technology Partners, Discreet Logic and Fusion Systems Corporation.

About Black Duck Software

Black Duck Software is the leading provider of software compliance management solutions that help companies govern how software assets are created, managed, and licensed. Black Duck's protexIP(TM) suite of offerings helps businesses take maximum advantage of open source software while at the same time assure they satisfy the obligations associated with the code they use. Black Duck's customer base includes enterprises, product developers, outsourcers, law firms and other organizations worldwide that are concerned with protection of software intellectual property. For more information about Black Duck, visit www.blackducksoftware.com.

Black Duck Software and protexIP are trademarks of Black Duck Software, Inc. All other trademarks herein are the properties of their respective owners.