CollabNet VersionOne, XebiaLabs, and Arxan Technologies have come together to create a new software company called Digital.ai. Backed by TPG Capital, Digital.ai aims to change how enterprises create, measure, deliver, secure, and continuously improve digital products. The companies are yet to disclose the terms of their combination.

Digital.ai is offering its solution in form of what they call “Value Stream Platform”, which 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 real-time, contextual insights.

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.

Customers such as ABN AMRO Bank, KeyBank, KLM/Air France, Siemens, and Toyota are already realizing improvements in their software delivery value stream using the Digital.ai management and delivery platform, the company said.

“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.