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World Economic Forum Names CollabNet a 2010 Technology Pioneer

CollabNet Transforms Software Development by Enabling Agile, Collaborative, and Distributed Project Teams

BRISBANE, CA -- (Marketwire) -- 12/03/09 -- CollabNet, the leader in distributed application lifecycle management (ALM) solutions, announced today that the World Economic Forum has named CollabNet to the 2010 class of Technology Pioneers. According to the World Economic Forum, the companies selected as this year's Technology Pioneers represent the most innovative companies from around the globe that will have a critical impact on the future of business and society. CollabNet and the other Technology Pioneers will join the wider World Economic Forum community for the first time this January during the World Economic Forum Annual Meeting 2010 in Davos, Switzerland. More information about CollabNet and its flagship products, CollabNet TeamForge and CollabNet Subversion, is available at www.collab.net.

The identification of the Technology Pioneer companies was the result of a vigorous selection process for which the Forum received more than 300 applications from around the world. Fifty-eight global technology experts evaluated the applications. The 2010 class covers four continents, with 18 of the 26 companies hailing from the United States and the rest from Brazil, Germany, India, Israel, Luxembourg, and the United Kingdom.

To be selected as a Technology Pioneer, a company must be involved in the development of a life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership and show all the signs of a long-standing and sustainable market leader -- and its technology must be proven.

"We were truly impressed with the quality, quantity, and diversity of the applicants this year, thereby making the selection process the most difficult to date. I would like to congratulate the Technology Pioneers Class of 2010," said Kevin E. Comolli, managing general partner, Accel Partners, a partner of and advisor to the World Economic Forum's Technology Pioneers Program. "These companies can be very proud of receiving such a respected and coveted distinction."

"CollabNet products transform the way agile, collaborative, and distributed project teams develop software, increasing productivity, decreasing time-to-innovation, and reducing infrastructure costs by leveraging the cloud," said Bill Portelli, chief executive officer, CollabNet. "We're honored that the World Economic Forum has recognized the pioneering work we're doing and our success to date. Innovation at CollabNet will continue to drive our customers' innovation in 2010 and beyond."

Video interviews of Bill Portelli and the chief executive officers of other 2010 Technology Pioneers may be viewed at http://tr.im/tpitw.

About CollabNet

CollabNet is the leader in application lifecycle management (ALM) platforms for distributed software development teams. CollabNet TeamForge is the industry's most open ALM platform, supporting every environment, methodology, and technology. With an integrated suite of easy-to-use tools that share a centralized repository, it is the only ALM platform that enables a culture of collaboration, improving productivity 10-50% and reducing the cost of software development by up to 80%. As the founder of the open source Subversion project, the best version control and software configuration management (SCM) solution for distributed teams, collaborative development is in CollabNet's DNA. Millions of users at more than 800 organizations, including Applied Biosystems, Capgemini, Deutsche Bank, Oracle, Reuters, and the U.S. Department of Defense, have transformed the way they develop software with CollabNet. For more information, visit www.collab.net.

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Media Contact:

Paige Schoknecht
Prequent, Inc. (for CollabNet)
+1 (408) 275-1419 office
+1 (650) 223-4085 mobile
[email protected]

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