2014

Rally Software Announces Commencement of Follow-on Offering

BOULDER, Colo., July 19, 2013 /PRNewswire/ -- Rally Software (NYSE: RALY), a leading provider of cloud-based solutions for managing Agile software development, today announced that it has commenced a public offering of 4,060,448 shares of its common stock.  Rally Software proposes to issue and sell an aggregate of 250,000 shares of common stock and certain existing stockholders of Rally Software propose to sell an aggregate of 3,810,448 shares of common stock.  The underwriters of the offering will have a 30-day option to purchase from the selling stockholders up to an additional 609,066 shares of common stock, on the same terms and conditions.  Rally Software will not receive any proceeds from the sale of the shares by the selling stockholders.  The primary purposes of the offering are to facilitate an orderly distribution of shares by the selling stockholders, increase the company's public float and increase the company's financial flexibility.

Deutsche Bank Securities Inc. and Piper Jaffray & Co. are acting as joint book-running managers, with Needham & Company, LLC, JMP Securities LLC, William Blair & Company, L.L.C. and Wunderlich Securities, Inc. acting as co-managers for the offering.

The offering of these securities will be made only by means of a prospectus.  Copies of the preliminary prospectus related to the offering may be obtained, when available, from Deutsche Bank Securities Inc., Attention: Prospectus Department, at 60 Wall Street, New York, New York 10005-2836, via telephone at (800) 503-4611 or email at prospectus.cpdg@db.com; or from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or email at prospectus@pjc.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

SOURCE Rally Software



RELATED LINKS
http://www.rallydev.com

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