Advertisment

CollabNet bolsters additional resources

author-image
Sharath Kumar
New Update

SOUTH SAN FRANCISCO, USA: 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.

Advertisment

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.

According to Bill Portelli, co-founder and CEO for CollabNet: "Modern software delivery requires a more collaborative approach across teams and the entire software development and deployment lifecycle.  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.

smac