Black Duck Software is announcing transactIP, a hosted solution to evaluate the integrity of software code before the software is purchased. Built on top of Black Duck's protexIP platform for managing software code requirements, transactIP addresses due diligence requirements. It provides a snapshot of whether code is in compliance with legal obligations and license terms. Due diligence information is provided t Black Duck Software is announcing transactIP, a hosted solution to evaluate the integrity of software code before the software is purchased.Built on top of Black Duck’s protexIP platform for managing software code requirements, transactIP addresses due diligence requirements. It provides a snapshot of whether code is in compliance with legal obligations and license terms. Due diligence information is provided to the acquirer of software without showing source code or other intellectual property. TransactIP relies on the protexIP Knowledge Base, which features a catalogue of open source projects and code components. Technology Industry