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CollabNet VersionOne Merges with XebiaLabs to Create Integrated Agile DevOps Platform
Thursday 23 January 2020

23 January 2020 - US Agile planning and collaborative development company CollabNet VersionOne has merged with US XebiaLabs, a release management and automation developer, the company said.
Terms of the transaction, backed by TPG Capital, were not disclosed.
The merger unites CollabNet's upstream Agile planning and enterprise version control functionality with XebiaLabs' downstream release orchestration and deployment automation capabilities.
The combination of CollabNet and XebiaLabs will provide enterprise customers with the end-to-end visibility and management capabilities needed to develop software quickly, reliably, and securely, ultimately helping accelerate their digital transformation and drive business outcomes.
The combination of CollabNet and XebiaLabs will provide a platform that enables digital transformation at scale with Agile and DevOps processes to continuously adapt, learn, and improve, in a world of AI-driven intelligent apps and experiences.
Additional terms of the transaction were not disclosed.
CollabNet VersionOne is a platform provider for Value Stream Management, Agile planning, DevOps and source code management.
XebiaLabs is an end-to-end DevOps toolchain orchestration and reporting solution.
TPG is a global alternative asset firm founded in 1992 with more than USD 119bn of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore.
Barclays, Evercore, and KeyBanc served as financial advisors to TPG Capital and CollabNet, and Ropes and Gray LLP served as legal counsel.
Shea and Company served as financial advisor to XebiaLabs, and Weil, Gotshal and Manges LLP served as legal counsel. XebiaLabs' existing shareholders, Susquehanna Growth Equity and Accel, have sold their respective stakes in the company as part of the combination.
Details
Date Published: 23/01/2020
Target: XebiaLabs
Country: USA
Sector: Computer Software
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: CollabNet VersionOne
Buyer Advisor: Barclays , Evercore , KeyBanc , Ropes and Gray
Comment:
Terms of the deal were not disclosed

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