Provides collaborative software development and delivery solutions
CollabNet VersionOne provides a suite of tools that allow software developers at companies of all sizes to more effectively collaborate on projects and manage the software development process. Founded in 1999, CollabNet VersionOne created Subversion, the world’s most popular open-source software version control system. Its flagship product, TeamForge, grew out of CollabNet VersionOne’s open source roots and is the only truly open and extensible solution in the industry. It allows developers the flexibility to use the point tools they love while providing management control over and visibility into the development process.
Insight & Approach
Vector identified CollabNet as a leader in the software development tools space in need of growth capital. We worked closely with CollabNet's venture investors to recapitalize the company and make a significant growth investment in 2014. In 2017, CollabNet acquired VersionOne, a leader in agile planning and agile lifecycle management software.
Vector Value Add
Under Vector's ownership, we repositioned the company for profitable growth and pursued transformative M&A which culminated in the 2017 acquisition of VersionOne. With the VersionOne acquisition, we created a scaled, end-to-end player in the disruptive and rapidly growing DevOps marketplace. Vector sold CollabNet VersionOne to TPG in October 2019.