This document discusses the risks of component-based software development and the need for component lifecycle management. It notes that 80% of applications are assembled from open source and third-party components, but many organizations lack visibility into what components they use and where they may pose security risks. It argues that successful development at scale requires managing the entire lifecycle of components from identification and selection to ongoing monitoring and remediation of flaws. The document presents the Sonatype solution for component lifecycle management to help organizations gain control and governance over their use of software components.