Announced
Completed
Financials
Tags
enterprise software
Acquisition
Friendly
Software
Majority
United States
Private
Merger
Single Bidder
Private Equity
Completed
Disposal
Domestic
Synopsis
TPG Capital-backed CollabNet VersionOne, a provider for Agile planning and collaborative development, completed the merger with XebiaLabs, an independent software company specializing in DevOps and continuous delivery for large enterprise organizations. Financial terms were not disclosed. "XebiaLabs has established itself as the standard for DevOps in large enterprises. Counting among our clients the world’s largest financial, healthcare, and manufacturing companies, our focus has been on creating a platform that takes advantage of existing tooling and processes while providing the scale, standardization, security, and reporting that large companies require. I am thankful for what we have been able to achieve with the support of Susquehanna Growth Equity and Accel. By combining XebiaLabs and CollabNet, our mutual clients will now benefit from the most capable Agile DevOps platform available in the market. This is a game changer for businesses that need to maximize their software application assets while navigating complex regulatory, compliance, and security requirements," Derek Langone, XebiaLabs CEO.
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