Rally to Cancel First Quarter Fiscal Year 2016 Earnings Call Previously Scheduled for June 4th and Analyst Day Previously Scheduled for June 16th

May 29, 2015, 16:15 ET from Rally

BOULDER, Colo., May 29, 2015 /PRNewswire/ -- Rally (NYSE: RALY), a leading global provider of software and services to drive agility, today announced that it intends to issue a press release reporting financial results for the first quarter of fiscal 2016, as planned, immediately following the close of market on Thursday, June 4, 2015. However, following the announcement on May 27, 2015 of CA Technologies' proposed acquisition of Rally, Rally has elected not to conduct a conference call to discuss the quarterly financial results. The call was previously scheduled for June 4, 2015 at 5:00 p.m. Eastern Time. Rally has also elected not to host its Analyst Day, which was previously scheduled for June 16, 2015 at 3:00 p.m. Eastern Time.

About Rally Rally delivers software and services that drive agility. Organizations worldwide use Rally's solutions to navigate evolving market demands, improve performance, and accelerate the pace of innovation to deliver value faster. Rally's enterprise-class cloud-based platform transforms the way organizations manage the software development lifecycle by aligning software development with strategic business objectives, facilitating collaboration, and increasing transparency. By applying Agile and Lean approaches, Rally's consulting and training services help companies innovate, lead, adapt, and deliver.

Notice to Investors

A wholly-owned subsidiary of CA Technologies has agreed to commence a cash tender offer to acquire all of the shares of Rally's common stock (the "Offer"). The Offer has not commenced.  This communication is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any securities. The solicitation and the Offer will only be made pursuant to a tender offer statement on Schedule TO, including an offer to purchase and other related materials that CA Technologies intends to file with the SEC. In addition, Rally will file with the SEC a Solicitation/Recommendation Statement on Schedule 14D-9 with respect to the Offer. Once filed, Rally's stockholders will be able to obtain the tender statement on Schedule TO, the offer to purchase, the Solicitation/Recommendation Statement on Schedule 14D-9 and related materials with respect to the Offer, free of charge, at the website of the SEC at www.sec.gov.

RALLY'S STOCKHOLDERS ARE ADVISED TO READ THESE DOCUMENTS, ANY AMENDMENTS TO THESE DOCUMENTS AND ANY OTHER DOCUMENTS RELATING TO THE OFFER THAT ARE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY PRIOR TO MAKING ANY DECISIONS WITH RESPECT TO THE OFFER BECAUSE THEY CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER.

© 2015 Rally Software Development Corp. All rights reserved. Rally, Rally Software, and the Rally logo are trademarks or registered trademarks of Rally Software Development Corp. in the United States and other countries. All other trademarks are properties of their respective owners.

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