Black Duck Software.

• Position: COMPLIANCE

Black Duck Software, a provider of software compliance management solutions, has released transactIP™, a new hosted solution that evaluates the integrity of software code as part of due diligence before a software asset is purchased.

With transactIP, Black Duck builds on its protexIP™ platform, which manages the intellectual property requirements associated with software code that has been developed, deployed or distributed. "TransactIP is uniquely suited for meeting the requirements of legal teams, auditors, executives and other individuals involved in M & A deals," the Waltham, Mass., company said in an announcement.

TransactIP, which the company says is the industry's only hosted solution, offers an easy-to-use, Web-based interface that streamlines the process of evaluating code and producing reports for the multiple audiences involved in any transaction.

TransactIP is hosted by Black Duck. Users access it via a website and direct transactIP at a specific code base to be evaluated The process speeds up a typical software due diligence by more than 10 times and produces a higher quality result, Black Duck claims. Reports for...