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Open Source News Desk Black Duck Gets More Money, New CEO
Black Duck inherits $9.5M and new CEO, Tim Yeaton
By: Maureen O'Gara
Feb. 13, 2009 07:00 PM
Coincidently Red Hat is an investor in Black Duck and was party to the latest round as well as a $12 million round before it. This time, though, Black Duck got $5 million in equity financing from Intel, SAP, General Catalyst Partners, Fidelity Ventures, Flagship Ventures and Focus Ventures as well as Red Hat and $4.5 million in debt financing from Gold Hill Capital. That means it has seen $34 million in equity capital all told since it got started in 2002. Yeaton intends to use the new money to expand internationally and tie up with open source firms. Black Duck founder Doug Levin, Yeaton's predecessor, will remain on the board. Reader Feedback: Page 1 of 1
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