SOUTH SAN FRANCISCO, Calif., Feb. 2, 2017 /PRNewswire/ -- CollabNet (www.collabnet.com), a global leader in enterprise software development and release management, today is reporting for 2016 that it experienced accelerating growth in revenue and profitability for the third consecutive year. Record earnings were achieved for 2016, growing more than 200 percent year over year. CollabNet continued to drive operational efficiency and increase revenues, while delivering powerful innovative solutions in the fast-growing DevOps marketplace. Renewal rates also set an all-time record, exceeding 92 percent for the year.
The company won several prestigious awards last year starting with a 2016 Best of Interop Award in the applications category for its innovation in application lifecycle management (ALM) and DevOps. CollabNet was also a Best in Show winner in the ALM and development tools category of the SD Times 100 for the 13th consecutive year.
The company went on to win three Golden Bridge Awards. CollabNet CEO Flint Brenton was named the Executive of the Year gold winner in the IT software category, which recognizes executives for their contributions to the industry and impact on their organizations. CollabNet TeamForge also won the gold award in the application development innovations category and silver in the IT software category. CollabNet won against a strong field of competitors, comparable in size and scope, which demonstrated advanced solutions and industry success.
The company introduced major new products in 2016. Notably, CollabNet took an advanced enterprise DevOps solution to market with its new offering, CollabNet DevOps Lifecycle Manager (DLM). The company also expanded its portfolio through a partnership with Clarive Software and began offering application release automation (ARA) solutions.
"Businesses and government organizations are envisioning advanced futuristic ways of functioning. That will require higher levels of visibility, integration and governance across the entire software delivery lifecycle," said Brenton. "Our customers told us that this past year. We listened to them and learned about the real-world challenges they face today and about where they want to go. Our customer- oriented approach and innovation, together with our growing base of exceptional technical and business talent, supported our strong growth."
The company's announcements about CollabNet DLM and its global partnership with Clarive Software were well received. CollabNet DLM advances DevOps by connecting tool and process silos and providing visibility and traceability across the entire DevOps lifecycle. As an orchestrator for enterprises scaling Agile, CollabNet DLM increases efficiency through automation and analytics. The Clarive partnership extends CollabNet's strengths of collaboration, visibility and traceability all the way through the software development lifecycle from plan to release with ARA.
In 2016 CollabNet also released three new versions of TeamForge. The most recent focused on increasing team productivity and, building on previous integration updates with JIRA, Chef and others, making enterprise versioning and scaling Agile easier than ever.
"CollabNet will continue to provide best-in-class, open solutions for application development, delivery and release, consumable in many forms for the distributed modern enterprise – both in the cloud and on-premise, multi- and single-tenant. In 2017, customers can expect to see continued commitment to TeamForge and expanded capabilities to DLM," said Brenton.
Share This: 2016 was a record year for @CollabNet; earnings and growth expected to continue in 2017 #Agile #DevOps #ALM #ARA #TeamForge
CollabNet helps enterprises and government organizations develop and deliver high-quality software at speed. CollabNet is a winner of the 2016 Best of Interop Award, a Best in Show winner in the application lifecycle management and development tools category of the SD Times 100 for 13 consecutive years, and a gold winner of the 2016 Golden Bridge Awards. CollabNet offers innovative solutions, consulting, and Agile training services. The company proudly supports more than 10,000 customers with 6 million users in 100 countries. For more information, please visit www.collabnet.com.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/collabnet-experiences-record-earnings-in-2016-and-introduces-innovative-new-solutions-to-the-fast-growing-devops-market-300401130.html