SAN FRANCISCO, Nov. 12, 2019 /PRNewswire/ -- FOSSA, the
open source management company, today announced that it has been
selected for the prestigious Upstart 100 List, CNBC's annual list
of 100 top startups to watch. The Upstart 100 is an exclusive
collection of companies that are building brands, raising money and
creating jobs on their path to becoming tomorrow's household names.
CNBC's selection committee chose FOSSA from more than 600 nominees,
scored across eight equally weighted quantitative metrics,
including scalability, sales growth and workforce diversity.
"FOSSA was founded as an open source project to help developers
manage open source software," stated Kevin
Wang, CEO of FOSSA. "Over the last year, we have experienced
tremendous growth, raising additional funding, expanding our
product to the enterprise. We are honored to be recognized as a
CNBC Upstart 100 company and look forward to building off of our
success in 2019 through 2020 and beyond."
There are several benefits that make open source software
attractive to the enterprise including cost, speed and flexibility,
among others. However, most enterprises don't have a formal program
to ensure effective management of the various licensing, security
and quality issues when utilizing open source software. And those
that do, rely on a painstaking process of manual code reviews and
spreadsheets. Unlike traditional offerings, FOSSA focuses on
automating the workflow of open source management both within and
outside of the software development lifecycle (SDLC). This
enables enterprises to quickly identify and mitigate risks, improve
engineering efficiency and accelerate time to market.
About FOSSA
Founded in 2015, FOSSA is the world's
first Modern Open Source Management platform. Designed to support
enterprise scale for development and legal teams alike, FOSSA
provides component intelligence, continuous compliance, and
cross-team collaboration solutions that enables organizations
including Uber, Twitter, Zendesk and Verizon Media to quickly
identify and mitigate risks, improve engineering efficiency and
accelerate time to market. For more information, please visit
www.fossa.com.
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SOURCE FOSSA