CollabNet VersionOne, XebiaLabs and Arxan Technologies have merged to form Digital.ai, a new software company. No financial terms were disclosed. Digital.ai is backed by TPG.
Plano, TX – April 15, 2020 – CollabNet VersionOne, XebiaLabs, and Arxan Technologies today announced their combination and strategic transformation to Digital.ai, a new software company that brings together leaders in business agility, software delivery, and application security into one integrated, intelligent value stream platform. Backed by TPG Capital, Digital.ai is on a mission to revolutionize how enterprises create, measure, deliver, secure, and continuously improve digital products that provide value, fuel revenue growth, and enable innovation in today’s rapidly changing world.
Digital.ai enables Global 5000 enterprises to realize the benefits of their digital transformation initiatives and deliver secure digital products that increase customer satisfaction and engagement. The Digital.ai Value Stream Platform seamlessly integrates all the disparate tools and processes across value streams, uses data and AI/ML to create connective tissue between them, and provides enterprises with the real-time, contextual insights they need to drive and sustain their digital transformation and produce great business outcomes. By streamlining processes across teams and providing continuous feedback loops throughout the development lifecycle, organizations can focus on what matters most to drive efficiencies, reduce costs, and create meaningful value for customers.
“In these challenging times, your digital presence is your business. Digital.ai enables enterprises to focus on business outcomes instead of outputs, unifying value creation, delivery, and protection practices to drive efficiencies and create engaging, secure digital experiences that customers value and trust,” said Ashok Reddy, CEO of Digital.ai. “Now more than ever, it is critical that organizations leverage the power of business agility to optimize processes and make decisions rooted in customer centricity. Doing so will result in higher quality, more secure products that are delivered faster and drive stronger customer and employee engagement.”
As organizations race to compete in today’s fast-moving markets, they must often prioritize speed over process and security, leaving applications vulnerable to attack. Arxan Technologies, a high-growth leader in application protection and the newest addition to Digital.ai, embeds application protection and real-time threat analytics into the Digital.ai platform so organizations no longer have to choose between innovation, performance, and security. By integrating security from the beginning of the development process, enterprises can drive cross-team alignment and eliminate unnecessary churn, ultimately increasing their speed to market.
“Digital.ai is bringing together leaders in their fields – from Agile business planning, to delivery, to application security – to create an integrated, end-to-end software platform that enables large enterprises to create, adapt, and excel in today’s digital markets,” said Nehal Raj and Art Heidrich of TPG Capital. “The company is introducing a new level of connectivity, visibility, and security into the software development lifecycle, and we are excited to see the impact that Digital.ai will have on Global 5000 businesses and their digital transformations. We look forward to continuing to work with management to support and build this differentiated platform.”
Digital.ai serves an established global customer base that includes leaders in automotive, banking and finance, digital media, gaming, insurance, medical devices, and more. Customers such as ABN AMRO Bank, KeyBank, KLM/Air France, Siemens, and Toyota are already realizing significant improvements in their software delivery value stream using the Digital.ai management and delivery platform.
Terms of the combination are not being disclosed.
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Digital.ai enables enterprises to focus on outcomes instead of outputs, create greater business value faster, and deliver secure digital experiences their customers trust. The Digital.ai Value Stream Platform seamlessly integrates all the disparate tools and processes across the various value streams, uses data and AI/ML to create connective tissue between them, and provides the real-time, contextual insights required to drive and sustain successful digital transformation. With Digital.ai, enterprises have the visibility they’ve been seeking to deliver value, drive growth, increase profitability, reduce security risk, and improve customer experience. Learn more at digital.ai
TPG is a leading global alternative asset firm founded in 1992 with more than $119 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth equity, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. For more information, visit www.tpg.com