VersionOne Raises $20m Investment from LLR Partners

VersionOne Profile

  • VersionOne is the provider of the industry’s most open, comprehensive Application Lifecycle Management (ALM) platform, serving more than 50,000 teams worldwide, including over 35 of the Fortune 100
  • The company’s solutions simplify enterprise-scale software planning and tracking, with additional training, coaching and consulting to help transition organizations to agile development methodologies
  • Founded in 2002 and headquartered in Alpharetta, Georgia, VersionOne has over 120 employees and had previously raised capital from OpenView Venture Partners

LLR Partners Profile

  • LLR Partners is a leading private and growth equity firm with over $2 billion raised across four funds
  • The firm invests in middle market growth companies with proven business models in the  business services, consumer & education, financial services, healthcare services, security & government and software & IT services sectors
  • LLR Partners was founded in 1999 and is headquartered in Philadelphia

Financing Overview

  • $20 million investment from LLR Partners
  • The company intends to use the funding to continue innovating in the ALM space and to expand its existing business within new and existing markets
  • Shea & Company served as the exclusive placement agent for the transaction

Investment Rationale

  • “Today, nearly all enterprise software organizations are adopting agile methodologies or looking for the right partner to get them there soon. VersionOne provides not only a leading agile project management platform, but also the thought leadership, services and partner ecosystem to help customers succeed with agile transformations.  The company fits LLR's technology portfolio as a high-growth company with an experienced management team and a clear vision of success in a rapidly-growing market.”  – Dave Reuter (Partner, LLR Partners)
$20,000,000
has received an investment from
Shea & Company served as the exclusive placement agent for the private placement of these securities