Black Duck Software, a US-based provider of software compliance management services backed by Germany’s SAP, has made its fourth acquisition by buying consultants Olliance Group for an undisclosed amount.
Andrew Aitken and Greg Olsen, founder and senior partner of Olliance respectively, will join Black Duck after the two companies formed a partnership with each other in March. Previously, Black Duck bought Koders.com, Ohloh.net and SpikeSource, with the final two coming in the last quarter of 2010.
Tim Yeaton, executive president of Black Duck, said: "Black Duck has seen rapid growth since its founding in 2002, with a significant surge in sales and revenue in the past 18 months.
"This growth has fueled our new investments and acquisitions. Operating as an independent business unit, Olliance Group will have the autonomy needed to give customers the objective advice they require as they begin planning for successful FOSS use in their applications and products."
In February 2009, Black Duck raised $5m of equity from current investors corporate venturing units run by mutual fund manager Fidelity, semiconductor company Intel, Red Hat and SAP and venture capital firms Flagship Ventures, Focus Ventures and General Catalyst Partners, in addition to $4.5m of venture debt financing from Gold Hill Capital.
Black Duck raised $12m in its series C round in February 2007 from Fidelity Ventures, Intel Capital, SAP Ventures as well as Flagship Ventures, Focus Ventures and General Catalyst Partners. Its previous rounds from launching in 2002 had raised $17m.