KUALA LUMPUR, Jan 22 -- CollabNet VersionOne (CollabNet) and XebiaLabs have merged to create an Agile, end-to-end, DevOps platform for enterprises.
The combination, backed by TPG Capital, unites CollabNet’s upstream Agile planning and enterprise version control functionality with XebiaLabs’ downstream release orchestration and deployment automation capabilities.
In connection with the transaction, Ashok Reddy, an accomplished industry veteran and former Broadcom executive, has joined the combined company as chief executive officer (CEO).
Derek Langone, current CEO of XebiaLabs, will serve as president of the combined company while Stephen Gregorio will serve as the combined company’s chief financial officer.
According to TPG Capital’s Nehal Raj and Art Heidrich, the combination will provide enterprise customers with end-to-end visibility and management capabilities needed to develop software quickly, reliably and securely, helping accelerate digital transformation and drive business outcomes.
XebiaLabs’ existing shareholders, Susquehanna Growth Equity and Accel, have sold their respective stakes in the company as part of the combination. Additional terms of the transaction were not disclosed.
-- BERNAMA
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