CollabNet, 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:
• Product innovation – CollabNet will continue to strengthen agile, continuous integration and DevOps-related capabilities within its TeamForge ALM platform. CollabNet will also further integrate TeamForge with its CloudForge hosting service for Git and Apache Subversion, as more organizations embrace the cloud to develop and deliver software faster and more efficiently.
• Driving the market – with a stronger focus on helping customers to become more agile at scale, CollabNet will aggressively build out its sales, marketing and services teams to help customers leverage strategies, processes and proven technology solutions for enhancing collaboration and agility. With increased focus and investment, together with new partnerships with global systems integrators, CollabNet will offer the most comprehensive agile transformation consulting and training services – while developing new offerings with industry-leading experts.
• Leveraging open source – as the creator of Subversion and leader in making Git and other open source technologies ready for enterprise use, CollabNet will help customers tackle modern software development and deployment challenges via additional integrations with an expanding array of open source and commercial third-party technologies.
• M&A – CollabNet will identify markets and companies to pursue for potential mergers and acquisitions.
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.