I’m happy to report that the second quarter of 2016 is in full swing. We put out our quarterly announcement last week sharing what we’ve accomplished as a company and how we can better serve our customers. Every quarter you can plan to hear from us on company growth, product development and what’s happening in the market. Here are a few highlights from Q1 of 2016:
- Thanks to our continuous improvement efforts and increased demand in our TeamForge platform, CollabNet has seen a 19 percent increase in sales to new customers compared to the same quarter in the previous year.
- Sales to existing customers also grew as we expanded our usage of TeamForge, resulting in business from renewals and upgrades increasing 46 percent during the quarter.
- TeamForge 16.3 was released and now includes integrations with JIRA Software and Chef, as well as unrivaled enterprise-grade Git and Subversion support.
All areas of the business are executing on our strategy to streamline, integrate and protect the integrity of the entire software delivery lifecycle – from build and test to deploy and release. We are also noticing that the more enterprises continue to scale using Agile and collaborate using DevOps, the more they are seeing that a platform like TeamForge makes sense and adds value.
As tool and cross-function integration is vital to DevOps initiatives, CollabNet will continue to invest and innovate to offer new, contextual integrations that enhance the value and productivity customers gain from best-of-breed toolchains and processes. We look forward to making even more improvements to TeamForge throughout 2016 and strive to provide our clients with a premier platform that enables them to deliver high-quality applications with speed and quality.
I’d like to thank all of our customers, partners and CollabNet employees for the collaboration and hard work that has given this year such a strong start.
For more on CollabNet’s momentum from Q1, read the full press release here.