CollabNet Receives $5M in Venture Debt Financing

CollabNet, a Brisbane, CA-based provider of cloud-based Agile application lifecycle management (Agile ALM) solutions, has received $5m in venture debt financing from Leader Ventures.
CollabNet will use the funds to further develop its solutions for distributed development teams and to keep its market position in distributed application lifecycle management.
The company’s flagship product, CollabNet TeamForge, is an open and integrated ALM platform which allows customers to manage all phases of the software development lifecycle using a cloud based architecture, enabling all stakeholders to collaborate on ALM software from requirements through release.

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