CAMBRIDGE, MA--(Marketwired - May 2, 2013) - The 10 th Annual MIT Sloan CIO Symposium has announced Sonatype as one of ten finalists for the 2013 Innovation Showcase as its Sonatype Component Lifecycle Management (CLM) platform represents a cutting-edge B2B solution that combines strong value and innovation to enterprise IT.
After careful consideration, the Innovation Showcase Judges, (consisting of MIT faculty, entrepreneurs, and early-stage investors) chose Sonatype for its focus on selling B2B enterprise IT solutions to CIOs and the ability to show innovation, as well as potential impact on the top and bottom lines. Sonatype will receive key exposure to many of the world's most creative and influential IT executives at the Symposium on May 22, 2013.
"How software is built has fundamentally changed -- it's now assembled from existing components vs. written from scratch," said Wayne Jackson, CEO of Sonatype. "But security hasn't kept pace with agile development practices. As a result, components with known vulnerabilities and flaws are creeping in to mission-critical applications. Sonatype CLM builds on the company's deep history in the open source community, offering a revolutionary new approach for exposing, avoiding and eliminating risk in the modern software supply chain."
The use of open-source components as the building blocks of modern applications is now so commonplace that more than eight billion components were downloaded from Sonatype's Central Repository in 2012, doubling activity from 2011 and an 800 percent increase since the Repository's inception. Recent research confirms that a typical application is now more than 80 percent component-based, while at the same time organizations continue to struggle with establishing policy to secure and govern component use. According to the annual Open Source Software Development Survey , 76 percent of organizations have no component management policies in-place.
Sonatype is securing the new software supply chain with Component Lifecycle Management -- a new way to fix application risk. The Sonatype CLM platform is a revolutionary approach to application security which significantly reduces the risk in using freely available, open source software components in application development. Sonatype is the first and only solution to secure the entire component lifecycle -- from design, development and deployment through production operations. With Sonatype CLM software developers can continue to go fast while also delivering secure software. By uniquely identifying components, making it easy to fix flaws early, and enforcing policy at every phase of the software development lifecycle, Sonatype CLM eliminates security and other risks in open source software. Productivity is increased and security is ensured.
"We are pleased to award these top ten Innovation Showcase finalists, as their technologies represent cutting edge solutions with strategic value," said David L. Verrill, Executive Director of the MIT Center for Digital Business, and the Co-chair of the Innovation Showcase. "The Symposium provides these early-stage companies a foundation to demonstrate their solutions that are architecting the future of technology and creates an environment for valuable partnership opportunities."
For a full list of Innovation Showcase finalists visit: http://www.mitcio.com/innovation The Innovation Showcase will take place at 5:00 p.m. in the Kresge courtyard tent on Wednesday, May 22, 2013, at MIT, in Cambridge, Mass. The full agenda of the MIT Sloan CIO Symposium is available at www.mitcio.com/agenda .
About Sonatype Sonatype is leading the component revolution. The company's innovative Component Lifecycle Management (CLM) 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, serving more than eight billion requests per year from more than 70,000 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 Sonatype 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 (NEA), Accel Partners, Bay Partners, Hummer Winblad Venture Partners and Morgenthaler Ventures. Visit: www.sonatype.com or follow Sonatype on Twitter @SonatypeCM
About the MIT Sloan CIO Symposium The MIT Sloan CIO Symposium is the premier global event for CIOs and senior IT executives to become better business leaders. In one day, CIOs and senior IT executives receive actionable information that enables them to meet the challenges of today's changing global economy. The annual event offers a day of interactive learning and thought-provoking discourse on the future of technology, best practices, and business that is not available anywhere else. The MIT Sloan CIO Symposium is organized and developed by a team from the MIT Sloan Alumni Club of Boston and the MIT Center for Digital Business. Visit www.mitcio.com for more information and registration.
To stay connected to the community developing around the Symposium, please join The Global CIO & Executive IT Group (An MIT Sloan CIO Group), which can be found on Linkedin.com: http://www.linkedin.com/groupInvitation?groupID=1719457 . Follow Symposium updates on Twitter: http://twitter.com/mitciosymposium .
Media Contact: April Harned PR for Sonatype Email Contact 646-246-0484
