OpenLogic's Open Source Scanning Solution Driving Explosive Revenue Growth
Fast Enterprise Adoption of OpenLogic OSS Deep Discovery Scanning Solution Shows Market Was Ready for a Next Generation Scanner

BROOMFIELD, CO, August 06, 2010 /24-7PressRelease/ -- OpenLogic, Inc., a provider of enterprise open source software support and governance solutions encompassing hundreds of open source packages, today announced that OpenLogic continues to see impressive growth.

"As our scanning business has taken hold, our revenues continue to increase at an even faster rate," said Steve Grandchamp, CEO of OpenLogic. "Companies are realizing that combining the accuracy and efficiencies of OpenLogic's OSS Deep Discovery with a comprehensive governance and support strategy ensures successful, safe and cost effective open source adoption."

Highlights from OpenLogic:
-Interest in governance and scanning tools: With the January addition of OpenLogic's OSS Deep Discovery scanning tool to the OpenLogic Exchange (OLEX) suite of solutions, OpenLogic saw OLEX revenue jump 97% over same quarter in 2009.

- Strong revenue growth: OpenLogic is reporting 58% growth in revenue in the 2nd quarter of 2010 over the 2nd quarter of 2009 and 29% growth over the previous quarter.

- High growth in technology and financial services: Driven in large part by the launch of the OSS Deep Discovery scanning tool, OpenLogic has seen significant growth in the technology and telecommunications sector which has more than doubled over the previous year. The financial services vertical also continues to show strong growth and is up 67% over last year.

- Bigger customers: As OpenLogic has expanded its solutions with CentOS support, the Open Source Fulfillment Center and OSS Deep Discovery, it saw the average order size for new customers increase 35% and it saw add-on orders for existing customers grow 116% over the previous year.

"We evaluated several open source scanning tools from other vendors but selected OSS Deep Discovery from OpenLogic because it is a (Software-as-a-Service) SaaS solution and provides accurate scans at the best value," said Richard Levy, chief technology officer of Mitratech. "OpenLogic's OSS Deep Discovery is a major step forward in enabling enterprises to audit their open source usage and ensure compliance with open source licenses."

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