Palamida Joins Linux Foundation

Palamida Joins Linux Foundation

Compliance and IP management vendor to collaborate on new Open Compliance Program

SAN FRANCISCO, August 17, 2010 – The Linux Foundation, the nonprofit organization dedicated to accelerating the growth of Linux, today announced that Palamida has become its newest member. It will participate in The Linux Foundation’s new Open Compliance Program.

The Linux Foundation’s Open Compliance Program includes a set of tools, training curricula and a new self-administered assessment that will allow companies to ensure compliance in a cost-effective and efficient manner. It also includes a new data exchange standard so companies and their suppliers can easily report software information consistently. For more information, please visit: http://www.linuxfoundation.org/programs/legal/compliance.

Palamida has seen first-hand the increasing demand for compliance-related resources. In 2009, it experienced a 78 percent year-over-year increase in subscription bookings for its software-based security, compliance, and IP tools. With the explosion of open source software products in everything from consumer electronics devices to enterprise application stacks, it is more important than ever that IT managers and business executives are aware of what software exists in their enterprise.

“The blending of open source, proprietary and homegrown software has led to an increasingly complex IT environment, one in which compliance and security are top priorities,” said Mark Tolliver, CEO, Palamida. “We’re looking forward to collaborating with The Linux Foundation to help companies take advantage of all of today’s software options while navigating compliance and reducing costs.”

“Palamida’s expertise related to reducing costs with sound software compliance management will be a valuable addition to our Open Compliance Program,” said Amanda McPherson, vice president, marketing and developer programs, The Linux Foundation. “We’re looking forward to their contribution to help inform and advance our initiative for the benefit of the overall software industry.”

Palamida has a long history of helping companies navigate security, compliance and IP management issues. Founded in 2003, the company has worked with hundreds of companies to manage their “multi-source” software environments and ensure they can take advantage of open source, proprietary and third-party software.

The Linux Foundation’s membership is made up of thousands of individual and corporate members, as well as affiliates: http://www.linuxfoundation.org/about/members. The aggregate contributions from these members advance the operating system to compete in the enterprise and on next-generation computing devices.

About Palamida
Palamida provides the industry’s first application security solution exclusively for open source software. The Palamida Enterprise Edition uses component-level analysis to quickly identify and track undisclosed code and associated security vulnerabilities, as well as intellectual property and compliance issues. Using Palamida, organizations can cost-effectively manage and secure mission critical Web and software applications.

About the Linux Foundation
The Linux Foundation is a nonprofit consortium dedicated to fostering the growth of Linux. Founded in 2007, the Linux Foundation sponsors the work of Linux creator Linus Torvalds and is supported by leading Linux and open source companies and developers from around the world. The Linux Foundation promotes, protects and standardizes Linux by hosting important workgroups, events such as LinuxCon, and online resources such as Linux.com. For more information, please visit www.linuxfoundation.org or follow the organization on Twitter at http://www.twitter.com/linuxfoundation.
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Trademarks: The Linux Foundation, Linux Standard Base and MeeGo are trademarks of The Linux Foundation. Linux is a trademark of Linus Torvalds.