Rally Software Announces Plans to Expand its Boulder Headquarters
MAVDevelopment to Develop 89,000 Square Feet to Accommodate Newly Public Company's Rapid Growth
BOULDER, Colo., June 28, 2013 /PRNewswire/ -- Rally® (NYSE: RALY), a leading global provider of cloud-based solutions for managing Agile software development, today announced that it has signed a lease for a to-be-constructed addition to its current corporate headquarters at 3333 Walnut Street in Boulder, Colorado. The addition will add approximately 89,000 square feet to Rally's current 65,545 square-foot building.
MAVDevelopment of Ann Arbor, Michigan, the owner/developer of Rally's headquarters, initially acquired the property in April 2013. Other project team members include GH Phipps Construction, Davis Partnership Architects, Hurst and Associates and DLR Group. The project is anticipated for completion in early 2015. Paige Coker Heiman, CCIM of Acquire, Inc. of Boulder, Colorado, represented Rally in the transaction.
"Rally Software has grown up in Boulder and we feel lucky to continue to contribute to the city's place as a tech hotbed - now as a public company," said Rally's CEO Tim Miller. "Driven by strong customer demand for our cloud-based software solutions, we're growing, expanding and hiring in Boulder, Europe and Singapore."
"We're excited to expand this building and our relationship with Rally," said MAVD's President Rob Aldrich. "Rally is one of the key fast-growth technology employers in Boulder and we're pleased that along with their growth, we can grow our investment in Boulder."
Rally Software is a leading global provider of cloud-based solutions for managing Agile software development. The Rally Agile application lifecycle management (ALM) platform transforms the way organizations manage the software development lifecycle by closely aligning software development and strategic business objectives, facilitating collaboration, increasing transparency and automating manual processes. Companies use Rally to accelerate the pace of innovation, improve productivity and more effectively adapt to rapidly changing customer needs and competitive dynamics.
Founded in 1989 by Michael Vlasic of the Vlasic Foods family, MAVDevelopment is an investor and developer of institutional-grade office properties and land development ventures in Michigan and along Colorado's Front Range. MAVD's current holdings and development projects represent over 2,000,000 square feet of space valued at over $500 million. Headquartered in Ann Arbor, Michigan, MAVD maintains a Colorado office in Denver (LoDo) to manage its Colorado assets and foster its local growth.
Rally, the Rally logo, and Rally Software Development are trademarks of Rally Software Development Corp. Third-party trademarks are the property of their respective owners.
SOURCE Rally Software
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