Sonatype Named to JMP Securities Super 60 List of the Hottest Privately Held Companies

Fulton, MD –  March 24, 2017 –  Sonatype, the leader in software supply chain automation, announced today that for the second consecutive year it has been named to the JMP Securities’ Super 60 list of the hottest privately held internet security, network and storage companies.

"This continued recognition by JMP Securities underscores the fact that organizations around the world are embracing software supply chain automation tools as they transition from waterfall-native to DevOps-native development,” said Wayne Jackson, CEO, Sonatype. “Simply stated, we’re growing fast because our Nexus platform enables modern software development teams to automatically manage the massive volume of open source components flowing through the DevOps pipeline and ultimately into production applications.”

The popularity of open source software development continues to grow because it minimizes the need to code from scratch. However, as indicated in the most recent State of the Software Supply Chain Report, 1 in 15 open source components used in production applications has at least one known security vulnerability. In order to eliminate security risk, improve quality, and accelerate innovation, DevOps-native organizations are beginning to automatically manage the quality of components being used to assemble software applications.

Gartner analysts Neil MacDonald and Ian Head wrote in Gartner’s September 2016 report, DevSecOps: How to Seamlessly Integrate Security into DevOps that, “By 2019, more than 70% of enterprise DevOps initiatives will have incorporated automated security vulnerability and configuration scanning for open source components and commercial packages, up from less than 10% in 2016.”

In addition to being named to the JMP Securities Super 60 list, Sonatype has received a number of awards and industry recognition in 2017, including:

• Being named to the Deloitte Technology Fast 500 list of the fastest growing North American companies in the technology, media, telecommunications, life sciences, and energy tech industries.
• Being named a finalist for the Emerging Company of the Year award by the Maryland Tech Council

Sonatype has also seen tremendous growth in the use of its Nexus Repository fueled by demand for DevOps-native open source governance tools.

About the Super 60 Selection Process

JMP Securities believes the agility of the Super 60 companies affords them the market opportunity to iterate new products and respond to changing technology dynamics, position them well to take share from incumbents. With a strong operational foundation, and sustainable technological differentiation, JMP believes the Super 60 are disrupting the technology titans that dominate the traditional landscape but lack the vision, agility or perseverance to adapt to market trends.

About Sonatype

Last year developers requested 31 billion components from the Central Repository to manufacture the software applications that run the world. Additionally, with more than 120,000 installations, companies around the globe use Sonatype’s Nexus solutions to manage reusable components and improve the quality, speed and security of their software supply chains. Sonatype is privately held with investments from New Enterprise Associates (NEA), Accel Partners, Hummer Winblad Venture Partners, Morgenthaler Ventures, Bay Partners and Goldman Sachs. For more information, visit: www.sonatype.com

Media Contact

Jennifer Edgerly
SpeakerBox Communications for Sonatype
jedgerly@speakerboxpr.com
703-287-7809