Eclipse Authors: Pat Romanski, Elizabeth White, Liz McMillan, David H Deans, JP Morgenthal

News Feed Item

Sonatype Secures $25 Million in Financing Led by New Enterprise Associates

New Investment to Fuel Growth of Market-Leading Component Lifecycle Management Products

SILVER SPRING, MD -- (Marketwire) -- 07/10/12 -- Sonatype, the leader in component lifecycle management, today announced it has secured $25 million in financing led by New Enterprise Associates (NEA), with participation from existing investors Accel Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners. The company will invest in product development and the global marketing of its revolutionary component lifecycle management technologies, intelligent tools and information services.

The software development landscape has shifted from custom-written, code-based applications to agile, component-based assemblies. The result is a more rapid, collaborative and cost-effective development process. However, the efficiency and performance gains brought by agile-development processes and the widespread use of externally sourced, open-source components have also introduced new risks and requirements for the modern software-development organization. Sonatype is at the forefront of this component-based software movement with intelligent tools and information services to accelerate the benefits of open source while eliminating security, quality and licensing risks.

"Sonatype embodies what we look for in our portfolio companies -- bold vision, innovative products and the power to change an industry," said Harry Weller, general partner at NEA and new Sonatype board member. "New demands for increased flexibility and improved time-to-value have reshaped the way software is developed and delivered with agile, open source, component-based development emerging as the new standard. Sonatype's deep history in the open-source software community, developer-friendly approach to component lifecycle management and skyrocketing demand for open-source components in the Central Repository, puts the company in a prime position to become the must-have tool used by every development organization in the world."

As the operators of the Central Repository -- the software industry's primary source for open-source components, housing more than 400,000 components and serving more than five billion requests per year -- Sonatype has developed a unique set of offerings to help organizations more effectively leverage component-based software development. The company has built a sophisticated infrastructure for mining virtually everything knowable about a given software component and delivering practical intelligence directly into the tools that developers use every day.

"Forward-thinking organizations that have embraced agile development also want to establish control and visibility across an increasingly complex software supply chain," said Wayne Jackson, CEO of Sonatype. "Legacy tools were designed for a different era, when software was written, not assembled. Our approach is different -- we provide real-time, actionable component information developers need, when they need it. We have created a truly unique infrastructure that bridges critical awareness gaps, enabling organizations to avoid risk, improve collaboration and build better software faster."

Additional Highlights

  • After initial seed funding, the current Sonatype team has raised a total of $35 million in venture capital funding.
  • Gartner reports that by 2015, open source will be included in mission-critical software portfolios within 99 percent of Global 2,000 enterprises and that half of these organizations will experience technology and cost challenges due to a lack of open-source governance.
  • 80 percent or more of a typical application assembled today is comprised of open-source binary components.
  • Sonatype was founded by Jason van Zyl, creator of Apache Maven and the Central Repository. Sonatype is a key contributor to significant open-source software projects: Apache Maven, Nexus, Hudson, m2eclipse and the Central Repository (sometimes referred to as "Maven Central").
  • More than nine million developers and 80,000 organizations use Sonatype technologies.
  • Sonatype operates the Central Repository, which contains more than 400,000 components and serves five billion requests a year from development organizations around the world.
  • The average Global 2,000 organization consumes more than 1,000 unique components from the Central Repository every month with the volume from large banks and independent software vendors (ISVs) even greater.
  • Development organizations overwhelmingly report the lack of established processes to ensure components used in development are current and free from known vulnerabilities. Only 32 percent of organizations maintain an inventory of open-source components used in production applications.
  • Sonatype has captured more than 60 percent of the market for component repository management with its Nexus and Nexus Professional products.

About Sonatype
Sonatype is leading the component revolution. The company's innovative component lifecycle management products enable organizations to realize the promise of agile, component-based software development while avoiding security, quality and licensing risks. Sonatype operates the Central Repository, the industry's primary source for open-source components, housing more than 400,000 components and serving more than five billion requests per year from more than 60,000 organizations. The company has been a pioneer in component-based software development since its founding by Jason van Zyl, the creator of the Apache Maven build management system and the Central Repository. Since that time, Sonatype has been a leader in core open-source software development ecosystem projects used by more than nine million developers including Nexus, m2eclipse, and Hudson. Sonatype is privately held with investments from New Enterprise Associates, Accel Partners, Bay Partners, Hummer Winblad Venture Partners and Morgenthaler Ventures. Visit: www.sonatype.com or follow Sonatype on Twitter @SonatypeCM

Apache, Apache Maven and Maven are trademarks of the Apache Software Foundation.

Media Contact:
April Harned
PR for Sonatype
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

IoT & Smart Cities Stories
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...