MASSACHUSETTS TECHNOLOGY DEVELOPMENT CORPORATION ANNOUNCES NEW BOARD MEMBER

BOSTON - Thursday, July 28, 2011 - Secretary of Housing and Economic Development and Chairman of the Massachusetts Technology Development Corporation (MTDC) Board of Directors Greg Bialecki today announced that Doug Levin, a chief executive with over 25 years of experience in venture-backed technology companies and the software industry, will join the MTDC's Board of Directors.

"Doug is a stand-out in the technology sector and we will put his extensive experience to good use on the MTDC Board of Directors," said Board Chair Bialecki.

"The MTDC plays an important role in growing the Commonwealth's innovation economy," said Levin. "I am honored to join the MTDC to help the Patrick-Murray Administration achieve its goal of supporting entrepreneurs and start-ups that will strengthen the Commonwealth's competitive edge and accelerate our economic recovery."

A serial entrepreneur and chief executive with over 25 years of experience, Levin founded Black Duck Software of Waltham, Massachusetts and served as the company's Chief Executive Officer and President in 2002. Prior to his work at Black Duck, Levin served as Chief Executive Officer of Message Machines and X-Collaboration Software Corporation. Levin also held various senior management positions with Microsoft Corporation from 1987 to 1995.

Levin speaks regularly on the subjects of entrepreneurship, social media and viral growth at industry events, the Harvard Business School and MIT Sloan School of Management. He lives in Boston with his wife, Susana. They have two children.

MTDC is a leading-edge venture capital firm that addresses the "capital gap" for start-up and expansion of early-stage technology companies operating in the Commonwealth. MTDC has invested in many of Massachusetts' most promising new technology-based companies.

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