AP NEWS

Idera, Inc. Acquires Travis CI GmbH for Continuous Integration Capabilities

January 23, 2019

HOUSTON--(BUSINESS WIRE)--Jan 23, 2019--Idera, Inc., parent company of global B2B software productivity brands, today announced the acquisition of Travis CI, a market leader in continuous integration. Travis CI will join Idera, Inc.’s Testing Tools division, which also includes TestRail, Ranorex and Kiuwan.

Travis CI is a continuous integration platform used by more than 700,000 developers worldwide to build and test software applications. Travis CI integrates with most other tools in the software development lifecycle, making the platform extremely popular with developers and highly complementary to Idera’s Developer and Testing Tools offerings.

Founded in 2011 and headquartered in Berlin, Travis CI is a respected leader in the open source community and provides commercial options for customers looking for enhanced features, performance and support. The company’s customers include IBM, Schibsted and Zendesk.

“We are excited about our next chapter of growth with the Idera team,” said Konstantin Haase, a founder of Travis CI. “Our customers and partners will benefit from Idera’s highly complementary portfolio and ability to scale software businesses to the next level. Our goal is to attract as many users to Travis CI as possible, while staying true to our open source roots and community.”

“Travis CI expands our target market to include all types of development platforms. Travis CI’s cloud-centric, platform-agnostic approach to accelerating delivery and improving developer productivity creates significant growth potential. Our Testing Tools business alone includes over 15,000 customers, all of whom would benefit from Travis CI’s technology,” said Suhail Malhotra Idera’s General Manager for Travis CI. “We admire the business value driven by Travis CI and look forward to helping more customers achieve better and faster results.”

Horzepa, Spiegel, & Associates acted as legal advisor to Idera. Cascadia Capital, LLC acted as financial advisor to Travis CI.

About Idera, Inc.

Idera, Inc. delivers B2B software productivity tools that enable technical users to do more with less, faster. Idera, Inc. brands span three divisions – Database Tools, Developer Tools, and Testing Tools – with products evangelized by millions of community members and more than 50,000 customers worldwide, including some of the world’s largest healthcare, financial services, retail and technology companies. To learn more, visit: Ideracorp.com.

About Travis CI

Travis CI helps development teams build, test and deploy software for their customers and community. With over 30 different languages as well as Linux, Windows, macOS/iOS and Docker environments, Travis CI supports diverse projects and organizations across every industry.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190123005088/en/

CONTACT: Cybele Diamandopoulos

FOLIO Communications Group, LLC

cybele@foliocom.com

512-535-4422

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE

SOURCE: Idera, Inc.

Copyright Business Wire 2019.

PUB: 01/23/2019 09:00 AM/DISC: 01/23/2019 09:01 AM

http://www.businesswire.com/news/home/20190123005088/en

AP RADIO
Update hourly