TPG Capital to acquire CollabNet VersionOne from Vector Capital.

TPG Capital to acquire CollabNet VersionOne, a software firm headquartered in Alpharetta, GA, from private equity firm Vector Capital. Financial terms were not disclosed. “We have studied the software delivery and DevOps space for several years. The space is highly fragmented with several smaller vendors addressing the low end of the market,” said Nehal Raj and Art Heidrich of TPG. “As large companies across industries continue to prioritize in-house software development and digital transformation initiatives, we see a compelling opportunity to build an integrated DevOps company focused on larger enterprises. CollabNet’s strong product footprint and commitment to enterprise customers make the company the right starting point from which to build and consolidate. We look forward to working together with management to create a leading, enterprise-focused DevOps platform.”