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Additional resources and support bode well for CollabNet, its customers and the industry
SOUTH SAN FRANCISCO, Calif., Feb. 5, 2014 /PRNewswire/ -- CollabNet® (www.collab.net), a leader in cloud-based Application Lifecycle Management (ALM) solutions for agile software delivery at scale, has strengthened its ability to help customers speed their software development and deployment efforts with a growth equity investment from Vector Capital, a technology focused private equity firm that will assume a controlling interest in the company. Bolstered with additional resources, CollabNet is poised to build on its leadership positions in cloud-based ALM, open source and agile training and consulting practices to become the dominant market player helping companies to modernize and streamline their software delivery pipelines.
"Modern software delivery requires a more collaborative approach across teams and the entire software development and deployment lifecycle," said Bill Portelli, co-founder and CEO for CollabNet. "Partnering with Vector will not only help us accelerate business growth, but accelerate delivery of next-generation solutions for meeting the ever-changing challenges of releasing quality software faster and more predictively."
CollabNet has helped thousands of customers manage the growing complexity of developing and delivering software applications. With distributed teams and the growing need to develop and integrate applications across an expanding range of platforms, devices and clouds, CollabNet helps customers streamline their software development and deployment processes with an open and extensible collaborative software delivery platform, training and consulting services. To build on its vision, the company sought an investment partner to accelerate product innovation, bolster its market reach, expand its services offerings and explore potential acquisitions to better meet customer and industry demands.
With new growth capital from Vector, CollabNet will increase investments in R&D, sales and marketing, with a focus on:
CollabNet works closely with software organizations that are faced with increasing pressure to deliver quality software faster. New methods, such as agile and DevOps, and cloud-based tools and deployment options have proven effective and are now being "scaled" by larger IT and R&D organizations looking to streamline and automate the software delivery processes. And with the pace of innovation increasing around mobile, web and social applications, development organizations are seeking new methods and tools to better serve their customers.
Tweet this: #CollabNet set to accelerate growth with new equity partner, targets #agile, #alm and open source collaboration www.collab.net
CollabNet® is the creator of Subversion® and a pioneer in cloud-based Application Lifecycle Management (ALM) solutions for collaborative agile software delivery at scale. CollabNet provides industry-leading products plus agile consulting and training services to help organizations of all sizes develop and deploy software faster. CollabNet's flagship product, TeamForge®, provides customers with an open and extensible collaborative software development and delivery platform to increase collaboration and application release efficiency across larger, distributed teams. TeamForge users also gain better governance with enhanced visibility and traceability across the software development lifecycle. For smaller teams, CollabNet provides CloudForge®, a cloud-hosted version of Subversion, Git and TeamForge, that enables fast project starts on-demand. CollabNet has been recognized for 10 consecutive years as a SD Times 100 industry innovator and is consistently positioned as a leader within Tier One industry analyst reports, including the Forrester Wave™ report on "Application Life Cycle Management Tools." For more information, please visit www.collab.net.
CollabNet, TeamForge and CloudForge are registered trademarks of CollabNet, Inc. Subversion® is a registered trademark of the Apache Software Foundation. Other names may be trademarks of their respective holders.
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