BERLIN and SAN FRANCISCO, October 28, 2014 /PRNewswire/ --
RhodeCode, the enterprise software file versioning and collaboration solution provider, today announces it has closed a $3.5 million funding round. This investment from DFJ Esprit and Earlybird Venture Capital will finance near-term hiring, as the Company accelerates its penetration into the $21 billion application lifecycle management market. The Company also reported record revenues in the 3rd quarter ending September 30th , with sales up 95% over the previous quarter. Security was a major success factor.
To learn more about the Company's enterprise solutions, visit https://RhodeCode.com/solutions/
Mission Critical Enterprise Software Development
RhodeCode Enterprise, the Company's core product, is a military-grade, secure software development solution designed for complex, mission-critical programs.
- The Company's solutions eliminate the tradeoffs between using secure but productivity-impeding legacy products and modern but less secure cloud-based offerings that fall short of enterprise standards.
- It provides the full functionality global development teams demand, with far greater ease of use, while working safely behind the firewall inside their private cloud.
- RhodeCode is increasingly the partner of choice for security-conscious organizations, replacing established software from IBM and Microsoft.
- More than 10,000 of the world's largest organizations across 80 countries rely on RhodeCode solutions, including the US Navy, Raytheon, US Department of Energy, CA Technologies, Cisco, global financial institutions, national laboratories, top universities, and others.
"Thanks to our close collaboration with customers from the defense, security, and finance sectors, our secure software development tools are second to none," stated Marcin Kuzminski, the company's CTO and co-founder. "We've significantly improved our customers' ability to sleep at night."
"Our customers love us," said Sebastian Kreutzberger, CEO. "Developers are thrilled with how easy it is to collaborate, and how much overhead we eliminate. Project leaders thank us for bringing clear visibility to their development projects. Management appreciates the significantly shorter development cycles and improved compliance. Our enterprise customers work faster, smarter, and together."
"A key RhodeCode Enterprise differentiator is its seamless integration with legacy systems and native support for next-generation repository platforms including Git and Mercurial," said Gil Dibner, DFJ Esprit venture capital investor. "The team has been working with large enterprise development groups since day one - including some of the largest and most secure organizations in the world. Our investment will help fuel their already rapid revenue and market share momentum."
Jason Whitmire, investor and Earlybird Venture Capital partner added, "RhodeCode is the company to watch. They are clearly the innovators in their enterprise software development space - driving huge productivity gains and substantial bottom-line impact for their customers. Fasten your seatbelt."
RhodeCode, Inc. provides the leading enterprise-grade code collaboration platform, enabling companies to build better software through secure teamwork, flexible workflows, and enhanced visibility; all within its customers' data centers. The Company's flagship product, RhodeCode Enterprise, is used by market sector leaders in 80 countries. The company is located in Berlin, Germany and in San Francisco, CA, USA. For more information: https://rhodecode.com.
SOURCE RhodeCode Inc.