Black Duck Software said today it closed $12 million in third round financing.
The Waltham company provides software compliance management solutions, and it said it will use the funds to continue to build out its product portfolio and strengthen international distribution channels.
The third round of financing was led by Focus Ventures, a venture capital firm in Palo Alto, Calif.
"Black Duck is in the path of the most dominant trends in software today," Steven P. Bird, general partner of Focus Ventures, said in a statement. "Development has moved toward a code assembly method, including the blending of open source, third-party, and internally developed components. Black Duck leads the market by providing a platform that helps companies implement software governance."
(By Chris Reidy, Globe staff)
