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XebiaLabs Has Been Acquired by TPG Capital and Merged with CollabNet VersionOne

XebiaLabs Profile

  • XebiaLabs, a portfolio company of Susquehanna Growth Equity and Accel Partners, is the leader in application release orchestration, deployment and continuous delivery
  • The XebiaLabs DevOps platform is the industry’s only end-to-end DevOps toolchain orchestration and reporting solution, providing the automation, control and visibility enterprises need to deliver software faster and with less risk
  • XebiaLabs was founded in 2008 and is headquartered in Burlington, MA

TPG Capital Profile

  • TPG Capital is a leading global alternative investment firm founded in 1992 with more than $119 billion in assets under management
  • TPG’s investment platforms are across a wide range of asset classes, including private equity, growth equity, real estate, credit and public equity
  • The firm aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio
  • TPG Capital is headquartered in Fort Worth, TX and San Francisco, CA with offices worldwide

CollabNet VersionOne Profile

  • CollabNet VersionOne, a portfolio company of TPG Capital, is a leading platform provider for Value Stream Management, agile planning, DevOps and source code management
  • The company’s offerings provide global enterprise and government industry leaders a cohesive solution that enables them to ideate, create and orchestrate the flow of value through continuous delivery pipelines with measurable business outcomes
  • CollabNet VersionOne was founded in 1999 and is headquartered in Alpharetta, GA
By combining XebiaLabs and CollabNet, our mutual clients will now benefit from the most capable Agile DevOps platform available in the market. This is a game changer for businesses that need to maximize their software application assets while navigating complex regulatory, compliance, and security requirements.

Derek Langone

CEO, XebiaLabs

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.

Nehal Raj and Art Heidrich

Partner and Vice President, TPG Capital

Transaction Notes

  • TPG Capital’s acquisition of XebiaLabs was announced on January 21, 2020; financial terms were not disclosed
  • In conjunction with the transaction, TPG announced Ashok Reddy (a former CA and IBM senior executive) would lead the combined company as CEO
  • Shea & Company served as the exclusive financial advisor to XebiaLabs
Read The Press Release