Progress announced the Q4 2024 release of its award-winning Progress® Telerik® and Progress® Kendo UI® component libraries.
Appfire announced the acquisition of German company 7pace.
This acquisition marks a strategic expansion for Appfire into the Microsoft ecosystem, with continued staffing, product expansion, and go-to-market investments planned for both Azure DevOps and GitHub products. In addition, Appfire and 7pace will bring this solution to the Atlassian ecosystem, enhancing and expanding time management offerings for customers.
This latest addition to Appfire’s purpose-built portfolio is driven by a mission to equip and connect every team so they can plan and deliver their best work. Designed and built by developers for developers, 7pace Timetracker incorporates AI and machine learning to seamlessly capture time data within the developer’s workflow. This technology gives individuals and teams the real-time insights they need to improve the way they work across multiple platforms.
“At Appfire, we follow teams, not tools,” comments Randall Ward, Co-Founder and CEO of Appfire. “To drive success and ambitious transformation, product developers need to spend more time innovating. 7pace has developed an AI-driven experience that teams not only need, but want.”
Time tracking is often perceived as a necessary but high-friction activity in development environments, with negative perceptions of managerial surveillance, lost productivity, and unintuitive platforms. Timetracker was built to not only relieve these pain points, but to actively shift the culture associated with time tracking to address the needs of the developer. The product identifies individual patterns and uses underlying work item data to guide developers, flipping the script on an outdated, contextually unaware time entry model.
Capturing and aggregating time data across platforms helps work flow across tools and teams, aligning perfectly with Appfire's product strategy.
“This acquisition represents a continued investment in our customers and an opportunity to disrupt the legacy time management market,” comments 7pace Founder and CEO Marc Schaeffler. “We have searched for a partner that aligns with our values, not only internally with our people, but on the level of service and respect we show our customers.”
The entire 7pace team — many of whom are local to 7pace’s headquarters of Munich, Germany — has joined Appfire. This new location will allow Appfire to more directly support customers and channel partners within the German market.
Industry News
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Red Hat announced the availability of Red Hat JBoss Enterprise Application Platform (JBoss EAP) 8 on Microsoft Azure.
Launchable by CloudBees is now available on AWS Marketplace, a digital catalog with thousands of software listings from independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS).
Kong closed a $175 million in up-round Series E financing, with a mix of primary and secondary transactions at a $2 billion valuation.
Tricentis announced that GTCR, a private equity firm, has signed a definitive agreement to invest $1.33 billion in the company, valuing the enterprise at $4.5 billion and further fueling Tricentis for future growth and innovation.
Check Point® Software Technologies Ltd. announced the new Check Point Quantum Firewall Software R82 (R82) and additional innovations for the Infinity Platform.
Sonatype and OpenText are partnering to offer a single integrated solution that combines open-source and custom code security, making finding and fixing vulnerabilities faster than ever.
Red Hat announced an extended collaboration with Microsoft to streamline and scale artificial intelligence (AI) and generative AI (gen AI) deployments in the cloud.
Endor Labs announced that Microsoft has natively integrated its advanced SCA capabilities within Microsoft Defender for Cloud, a Cloud-Native Application Protection Platform (CNAPP).
Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
Red Hat announced the general availability of Red Hat Enterprise Linux 9.5, the latest version of the enterprise Linux platform.
Securiti announced a new solution - Security for AI Copilots in SaaS apps.
Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.