CollabNet VersionOne and XebiaLabs have merged to create an integrated Agile DevOps platform for enterprises. In connection with the transaction, Ashok Reddy, a former Broadcom executive, has joined the combined company as CEO.
The merger comes on the heels of TPG Capital’s acquisition of CollabNet VersionOne in September last year.
Reddy replaces Flint Brenton, who is stepping aside to focus on family and personal interests after nearly five years at the helm. Derek Langone, current CEO of XebiaLabs, will serve as President of the combined company.Stephen Gregorio, EVP and CFO of XebiaLabs, will serve as the combined company’s CFO.
Most recently, Reddy led Broadcom’s Enterprise Software Division, where he helped create a platform for global enterprises to scale their digital transformations and become real-time digital businesses.
In his new role, Reddy will work closely with Langone and Gregorio, both experienced software executives, to lead the combined company.
The combination, which was backed by TPG Capital, unites CollabNet’s upstream Agile planning and enterprise version control functionality with XebiaLabs’ downstream release orchestration and deployment automation capabilities to create an Agile DevOps platform.
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