One of the companies I’ve followed closely over the years took funding recently, for the first time. This short Analyst Note covers the funding, including this quick market overview:
We expect to see more interest in the development space, driven not only by devops but also by companies’ increasing desire to use custom-written software to expand their business. Vendors like Atlassian are also riding this wave – Atlassian reported fiscal 2013 revenue of $149m for its ALM offerings.
The developer tools space should be fun over the next year. The most recent, fuller report we did TaskTop is from April.
Tasktop receives $11m series A to fund its ALM and devops integration ambitions (451 Report)