XebiaLabs, the specialised subsidiary of Xebia Group raises $12 million
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2014-08-29

XebiaLabs, the specialised subsidiary of Xebia Group raises $12 million

XebiaLabs helps companies accelerate the rate of innovation and time to market while reducing error and downtime.

Leading delivery Automation Company XebiaLabs has secured $12 million growth equity investment by Washington D.C based fund Updata Partners. Xebia Group called for a fund to accelerate its dedication to the “DeyOps” solutions growth and continuous delivery market. 

 

Established in June 2009, XebiaLabs is an offshoot of Xebia Group. Founded in 2001, since then the company has experienced dramatic success with over 100% revenue growth every year. They have gained validation from customers such as General Electric, Expedia, Xerox, KLM, and Société Générale.

 

Anand Sahay, CEO, Xebia says, “We feel proud to announce our achievements of 2013; it achieved a consolidated turnover of the group 35 million euros, backed by a staff of 350 consultants. This trust from Updata Partners on us will take both the companies reach the heights with our growth. They are our first Institutional investors in XebiaLabs. Post transaction, Updata general partners Carter Griffin and James Socas will join XebiaLabs' six person board, along with founder and Chairman Daan Teunissen, chief executive officer Coert Baart, and independent directors Alex Pinchev, formerly President of Red Hat, Inc., and Wim Heijting, formerly of Baan Company. Michel den Braver will serve as board observer and advisor.”

 

Delivering higher quality software faster has become a business imperative. Current software development processes cannot keep pace with the demand for the faster delivery of software. While application development times have accelerated of late due to Agile, scrum and other methodologies, deployment best practices have not kept pace, resulting in a significant bottleneck at the point of application release.

 

XebiaLabs helps companies accelerate the rate of innovation and time to market while reducing error and downtime. With XebiaLabs, companies can easily move to continuous deployment and create a fully automated customer feedback loop so companies can quickly adapt their applications to the fast-shifting changes in the market. Customers experience up to 50% faster release times, 50% reduction in release cost and eliminate nearly 100% of errors in the process.

 

"XebiaLabs' offering is well-timed with the rapidly increasing demand for DevOps and Continuous Delivery solutions that drive faster time to value for the software delivery process," said Carter Griffin of Updata. James Socas added, "We believe the market will continue to see a shift toward greater automation as organizations look to scale their efforts to deliver customer value at an accelerated pace. XebiaLabs offers a powerful solution for the industry and we are excited to collaborate with them in building a great company in an exciting category."

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