Progress announced new powerful capabilities and enhancements in the latest release of Progress® Sitefinity®.
XebiaLabs Closes $100M+ Series B Investment
February 12, 2018
XebiaLabs secured a Series B growth investment of over $100M from investors, including Susquehanna Growth Equity and Accel, along with many existing shareholders.
Derek Langone, CEO of XebiaLabs, said: “Tapping into the experiences of these exceptional VC firms, who have guided software industry leaders such as Facebook, Dropbox, Slack, Cloudera, PagerDuty, and Atlassian, will be invaluable as we work with them to define the future of enterprise DevOps.”
“XebiaLabs has a deep understanding of the challenges specific to enterprise software delivery,” said Martin Angert, Director at Susquehanna Growth Equity. “Our investment, together with the recent release of XL Impact, will further extend XebiaLabs’ lead as the gold standard for enterprise DevOps.”
Arun Mathew, partner at Accel, added: “XebiaLabs handles a company’s complexity at scale — a previously impossible feat. This, coupled with their market-leading DevOps platform and innovative technology, makes us excited to be working with such a talented team that recognizes the dynamic obstacles companies go through as they streamline to a DevOps approach.”
As part of the investment, Martin Angert, director at Susquehanna Growth Equity, and Arun Mathew, partner at Accel, will join XebiaLabs’ Board of Directors.
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