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Vector Capital Updates on Growth Equity Investment in CollabNet

February 11, 2014

Vector Capital, a technology focused private equity firm, announced that it has acquired CollabNet, Inc. from existing venture investors and other shareholders.

Concurrent with the buyout, Vector has also made a growth equity investment in the company, which will be used to accelerate product development, strengthen CollabNet's sales and marketing efforts, and enable add-on acquisitions.

According to a release, CollabNet is a provider of cloud-based application lifecycle management (ALM) solutions for agile software delivery at scale. It is the founder and principal sponsor of Subversion and a developer in cloud-based application development. Its loyal customer base includes both large enterprises such as Capgemini, Intel, Ameritas, Pfizer, Deutsche Post, and Applied Biosystems as well as development teams at organizations of all sizes. The company's platform allows software developers, product managers, and IT operations professionals to collaborate and coordinate their efforts throughout the accelerating and constantly evolving software development and operations (DevOps) process.

Rob Amen, a Managing Director at Vector Capital who will join CollabNet's Board of Directors, commented, "CollabNet is a clear leader in the application lifecycle management space with the only truly open platform on the market. This management team practically invented the open source version control market with Subversion, and it is that spirit of innovation and product quality that we are investing behind today."

CollabNet has been recognized for 10 consecutive years as a SD Times 100 industry innovator and is positioned in the Leaders Quadrant of the 2013 "Magic Quadrant for Application Development Life Cycle Management" (ADLM) report by Gartner, Inc. CollabNet is also positioned as a Leader in the Forrester Wave report on "Application Life Cycle Management Tools."

CollabNet CEO Bill Portelli said, "Throughout our existence, CollabNet has had a string of first class investors that have supported us through our various phases of growth. I want to thank the host of top tier VC's who were part of building CollabNet into a market leading company. Going forward, picking the right partner at the right stage of our company's growth was critical to a continued upward growth trajectory. We are thrilled to be partnered with Vector as we look to take CollabNet to this next level of scale and growth."

CollabNet is the creator of Subversion and a developer in cloud- based Application Lifecycle Management (ALM) solutions for collaborative agile software delivery at scale.

More Information:

http://www.collab.net

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