SOUTH SAN FRANCISCO, USA: CollabNet, a spearhead in cloud-based Application Lifecycle Management (ALM) solutions designed for agile software delivery at scale, has braced its aptitude to aid clienteles accentuate their software development and positioning endeavours by way of a growth equity investment from Vector Capital, a technology concentrated private equity firm that will undertake a controlling interest in the enterprise.
Augmented with supplementary resources, CollabNet is poised to build on its leadership positions in cloud-based ALM, followed by open source and agile training and consulting practices to turn out to be the overriding market player facilitating companies to remodel and make more efficient their software delivery pipelines.
In line with 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 been of assistance to thousands of customers who from their barrio manage the swelling intricacy of developing and providing software applications. By means of distributed teams and the ever growing need to advance and integrate applications across a escalating range of platforms, devices and clouds, CollabNet aids customers update their software development and deployment procedures with an open and extensible collaborative software delivery platform, training coupled with consulting services.
To build from strength to strength upon its vision, the corporation sought an investment partner to fast-track product innovation, reinforce its market extent, enlarge its services largesse and reconnoiter potential procurements to bump into customer and industry demands with precision.