Demonstrates Union Square Advisors’ continued momentum in providing strategic M&A advice to disruptive software companies
On April 18, 2019, CloudBees announced the acquisition of Electric Cloud, a market leader in continuous delivery and application release automation (ARA). This acquisition establishes CloudBees as the first provider of end-to-end continuous integration (CI), continuous delivery (CD), continuous deployment and ARA. The acquisition of Electric Cloud was completed earlier in April.
Electric Cloud enables its customers to take traditional application release delivery and dissolve the barrier between CD and ARA, bringing it into the modern day and marrying support for complex application deployments with the concept of a continuous software delivery pipeline.
“We are looking forward to joining CloudBees and executing on our shared goal of helping customers build software that matters,” said Carmine Napolitano, CEO, Electric Cloud. “The combination of CloudBees’ industry-leading continuous integration and continuous delivery platform, along with Electric Cloud’s industry-leading application release orchestration solution, gives our customers the best foundation for releasing apps at any speed the business demands.”
“Having the Electric Cloud offerings under the CloudBees umbrella gives companies a greater ability to manage the delivery of value to customers,” said Christina Noren, chief product officer, CloudBees. “It’s not just about speed – it’s about delivering business value securely and efficiently with confidence at high speeds. By combining our strengths, we will provide customers with a software delivery system that helps them connect and measure all end-to-end activities, from development all the way through to deployment and release.”
Founded in 2002, Electric Cloud has approximately 110 employees spread across San Jose, California and numerous other locations in the United States and internationally. It is a private company, funded by Rembrandt Venture Partners, U.S. Venture Partners, RRE Ventures and Next47.
“By acquiring Electric Cloud, CloudBees is further delivering on its vision of providing the industry’s first end-to-end platform for continuous delivery, continuous deployment and release automation. Union Square Advisors is proud to have advised Electric Cloud on this industry-defining transaction,” said Ted Smith, President and Head of Software at Union Square Advisors.”
About Electric Cloud, Inc.
Electric Cloud’s Adaptive Release Orchestration platform helps organizations like E*TRADE, Samsung, Intel and Lockheed Martin confidently release new applications and adapt to change at any speed demanded by the business, with the analytics and insight to measure, track, and improve their results.
About CloudBees
CloudBees is powering the continuous economy by offering the world’s first end-to-end continuous software delivery management system (SDM). For millions of developers and product teams driving innovation for businesses large or small, SDM builds on continuous integration (CI) and continuous delivery (CD) to enable all functions and teams within and around the software delivery organization to best work together to amplify value creation.
About Union Square Advisors
Union Square Advisors is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution as well as agented private capital financing services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, private equity and venture capital firms across the technology landscape with a primary focus on Software, Software-Enabled Services, IT Infrastructure and Internet/Digital Media/Marketing Technology. Since inception, Union Square Advisors has advised on over 100 transactions, valued in excess of $95 billion. For more information, please visit www.usadvisors.com.
