TPG Capital Acquiring CollabNet VersionOne: Details About The Deal You Should Know
Summary
The space is highly fragmented with several smaller vendors addressing the low end of the market,” said Nehal Raj and Art Heidrich of TPG. CollabNet’s strong product footprint and commitment to enterprise customers make the company the right starting point from which to build and consolidate. “We are grateful for Vector’s partnership over the past five years and look forward to continuing to expand the CollabNet platform with the resources and growth vision of TPG. This commitment will rapidly build on our success through organic innovation and outside acquisition,” added CollabNet CEO Flint Brenton. “We have served large global customers with an integrated, enterprise-scale software planning and delivery offering since our inception, along with some of the largest government accounts in the industry.
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