CIMdata PLM Industry Summary Online Archive
24 April 2007
Acquisitions
CollabNet® and VA Software Sign Asset Purchase Agreement for Acquisition of SourceForge® Enterprise Edition Business by CollabNet
CollabNet, Inc . and VA Software Corporation announced the execution and closing of an asset purchase transaction whereby CollabNet purchased the SourceForge Enterprise Edition business from VA Software in consideration for an equity ownership stake in CollabNet. The parties have also entered into a 30 month media relationship for online advertising services.
SourceForge Enterprise Edition is a strategic addition to CollabNet, bringing the two collaborative software development solutions for distributed teams under the same roof. The combined entity will support more than 300 enterprise customers with greater than 1.1 million users in dozens of countries worldwide. This combined entity signals the arrival of a new era in software development, in which distributed teams working on modern web-based collaborative platforms have now become the norm for companies seeking to gain competitive advantage on a global basis.
SourceForge Enterprise Edition, along with CollabNet's entire product portfolio -- CollabNet Enterprise Edition, CollabNet CUBiTT, and Subversion T -- will be fully supported and enhanced over time. SourceForge Enterprise Edition customers around the world will now benefit from CollabNet's extensive, global support infrastructure, including around the clock support, as well as accelerated innovation due to an increased research and development staff.
"The market for globally distributed software development solutions is growing rapidly as the need for interconnected applications and software development teams has now become the norm," said Bill Portelli, CEO of CollabNet. "With the addition of SourceForge Enterprise Edition business to CollabNet's product portfolio and team, we have become the standard for this new method of performing decentralized development. Unlike conventional software development systems, CollabNet's solutions are designed to promote and optimize the benefits of collaboration and distributed software development, based on open source principles. Our solutions provide two to 10 times the cost advantage and a 20 to 50 percent productivity improvement, as compared to legacy software development platforms."
"SourceForge Enterprise Edition customers and VA Software employees will substantially benefit from this combination of the two leading collaborative development teams and solutions," said Ali Jenab, CEO of VA Software. "With our equity ownership in CollabNet we demonstrate our continued belief that demand for quality collaborative software development solutions continues to grow. Going forward, our executive management team will be keenly focused on growing our core online media assets, comprised of SourceForge.net®, Slashdot.org, ITManagersJournal.com, NewsForge.com, Linux.com, freshmeat.net and ThinkGeek.com. Together, these sites attract over 32 million unique visitors a month."
CollabNet will integrate certain VA Software employees immediately into CollabNet's organization as part of its overall growth strategy.
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