CollabNet® Sees Continued Strong Growth during First Quarter of 2016 as Enterprise Customers Scale Agile and Adopt DevOps
SOUTH SAN FRANCISCO, April 28, 2016 – CollabNet, a global leader in enterprise software development and delivery solutions that help customers create high-quality applications at speed, today announced strong growth and momentum during the first quarter of 2016. The company benefited from its continued improvement in business operations and increased demand for its TeamForge® platform that helps IT organizations adopt and manage enterprise-scale Agile and DevOps. CollabNet saw a 19 percent increase in sales to new customers compared to the same quarter in the previous year, and sales to existing customers also grew as they expanded their usage of TeamForge, resulting in business from renewals and upgrades increasing 46 percent during the quarter.
“The more enterprises scale Agile and move toward an integrated DevOps approach the more a collaboration platform like TeamForge makes sense,” said Flint Brenton, CEO of CollabNet. “Market dynamics are lining up nicely for CollabNet, and we are ready to capitalize on that. All areas of the business are executing on our strategy to streamline, integrate and protect the integrity of the entire software delivery lifecycle – from build and test to deploy and release.”
In addition to strong sales and financial performance, CollabNet continued to enhance its TeamForge platform with improved ease-of-use, extensibility and governance. Key highlights from Q1 product releases also include integrations with JIRA Software and Chef, as well as unrivaled enterprise-grade Git and Subversion support. As tool and cross-function integration is vital to DevOps initiatives, CollabNet continues to invest and innovate to offer new, contextual integrations that enhance the value and productivity customers gain from best-of-breed toolchains and processes.
“Delivering great software is no longer just a ‘development process,’ but a fully connected workflow that requires management and monitoring of all facets of the of the application lifecycle,” said Brenton. “Ending 2015 with strong growth and momentum was a great way to finish the year, and this increase in momentum we are already seeing in 2016 bodes well as we execute on our corporate strategy, build great innovative technology and work closely with our customers to improve the speed and quality of the software delivery process.”
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CollabNet helps enterprises and government organizations develop and deliver high-quality software at speed. Recognized for 12 consecutive years as SD Times 100 “Best in Show” winner in the ALM and Development Tools category, CollabNet offers innovative solutions, provides consulting and Agile training services, and proudly supports more than 10,000 customers with 6 million users in 100 countries. For more information, please visit www.collabnet.com.