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CollabNet Acquires Subversion Cloud Hosting Provider Codesion, Adds TeamForge Agile Management to Codesion Platform

Acquisition of Worldwide Subversion Hosting Leader Uniquely Positions CollabNet as Leader in Agile ALM in the Cloud

BRISBANE, CA -- (Marketwire) -- 10/19/10 -- CollabNet®, the leader in Agile application lifecycle management (Agile ALM) in the Cloud, announced today that it has acquired Codesion™, Inc. (formerly CVSDude), which provides the world's leading enterprise-grade Subversion hosting platform and serves more than 3,400 customers and 70,000 users in 90 countries. CollabNet founded the industry-leading Subversion open source project in 2000 and remains the project's principal sponsor. Codesion's best-in-class provisioning technology delivers Subversion, Git, and other applications as a Software as a Service (SaaS) offering, helping developers to code, connect, and deploy in the Cloud. The acquisition marks an aggressive move by CollabNet into cross-platform, Cloud-based developer services. The terms of the deal are confidential.

"CollabNet's acquisition is a natural fit for Codesion and our customer community," said Guy Marion, chief executive officer, Codesion. "Our users were seeking version control training and best practices around Agile development, which is now available from CollabNet's Subversion developers and Certified Scrum Trainers. A new workgroup-centric version of TeamForge now also provides a free, 'one click' upgrade path to CollabNet's award-winning Agile ALM platform." Codesion has maintained 32 consecutive quarters of revenue growth, with past quarter recurring revenues increasing 50% year on year.

CollabNet's Codesion hosting services are available in Team, Professional, and Enterprise editions. Codesion enables developers to securely host and procure Subversion in the Cloud, integrate it with Trac, Basecamp, TeamForge, and more, and deploy directly to Cloud hosting providers such as Joyent and Amazon. As customers' businesses or projects grow, they can add users on demand or instantly upgrade to ScrumWorks Pro and TeamForge, all in the same secure hosted environment. CollabNet will also continue to offer these products on-premise.

CollabNet also announced the immediate availability of CollabNet TeamForge Project™, an on-demand multi-tenant version of CollabNet TeamForge. TeamForge Project is available at no extra charge to the first five users of Codesion Professional Edition, which costs $16.50/user/month. Additional TeamForge subscriptions cost $40/user/month. TeamForge and ScrumWorks Pro are also immediately available options in the Codesion Enterprise Edition hosting plan. More information is available at www.collab.net/cloud.

Codesion's 3,400 customers will be joining the largest and most vibrant hosted Subversion community in the world. Today, CollabNet hosts more than 3,250,000 Subversion users as part of its current enterprise Cloud services, provides more than 200 Subversion clients, servers, and plug-ins, delivers dozens of Subversion and Agile Web-based and instructor-led courses, and offers many other community-related services as part of its 600,000 member openCollabNet community.

"Using APIs from Codesion and oDesk, we've been able to seamlessly offer Codesion's easy-to-use and highly secure platform to the hundreds of thousands of software contractors in our marketplace," said Gary Swart, chief executive officer, oDesk. "Now, with CollabNet, professional teams working on oDesk will have an easy on-ramp to an additional set of Agile development tools, training, and services to securely code and collaborate in the Cloud."

"Development and Test Cloud services are disrupting historical software development practices," said Bill Portelli, chief executive officer, CollabNet. "Our acquisition of Codesion builds on a ten-year history of offering developer services in the Cloud and extends our leadership in this critical area. We now offer instant-on hosting for Subversion, with an open architecture and partner ecosystem that enables workgroups to get started quickly with basic code hosting, with a seamless path to scalable Agile software development for the enterprise."

A webinar discussing the Codesion acquisition and the resulting impact on software development in the Cloud will be broadcast live at 10:00 a.m. PDT on Wednesday, Oct. 20. Free registration is available at www.collab.net/products/cloud/announcement.html. The webinar will also be archived at www.collab.net/agilealm for later viewing.

About CollabNet
CollabNet is the leader in Agile application lifecycle management (Agile ALM) in the Cloud. The CollabNet TeamForge ALM platform, CollabNet Subversion software configuration management (SCM) solution, and ScrumWorks® project and program management software enable teams using any environment, methodology, and technology to increase productivity by up to 50% and to reduce the cost of software development by up to 80%. CollabNet products are offered in the Cloud on the Codesion hosting platform and also in on-premise versions. As the founder of the open source Subversion project, CollabNet has collaborative development for distributed teams in its DNA. Millions of users at nearly 6,000 organizations, including Applied Biosystems, Capgemini, Deutsche Bank, Thomson Reuters, and the U.S. Department of Defense, have transformed the way they develop software with CollabNet. For more information, visit www.collab.net.

CollabNet and ScrumWorks are registered trademarks of CollabNet, Inc. CollabNet TeamForge, CollabNet TeamForge Project, and Codesion are trademarks of CollabNet, Inc. Other names may be trademarks of their respective holders.

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Media Contact:

Brian Danella
Prequent, Inc. (for CollabNet)
+1 (408) 275-6455 office
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