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XebiaLabs Raises $12m in Growth Equity Round by Updata Partn

First Institutional Funding Will Drive Continued Growth in Fast Moving DevOps

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XebiaLabs Raises $12m in Growth Equity Round by Updata Partn

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  1. XebiaLabsRaises$12minGrowthEquityRoundbyUpdataPartners FirstInstitutionalFundingWillDrive ContinuedGrowthinFast Moving DevOps & ContinuousDeliveryMarket Boston,MA, June13, 2014–Leading deliveryautomationvendorXebiaLabstodayannounced it hasclosed a$12milliongrowthequityinvestment byWashington,D.C.basedUpdataPartners.Sinceitsfounding in2008,XebiaLabshasexperienced dramaticsuccesswithover100% revenuegrowtheveryyearand has gainedvalidationfromcustomerssuchasGeneral Electric,Expedia,Xerox,KLM,and Société Générale.Thisfinancing will beused tofuelcontinued fastgrowthglobally intherapidlyexpandingDevOpsandContinuousDeliverymarket. "Updata'sinvestmentisavoteofconfidenceinXebiaLabsand ourmarket opportunity,"saidCoertBaart,XebiaLabschiefexecutiveofficer."Softwareisthemost criticalcomponent tothesuccessofmanyof today’sorganizations.Lackofautomationispreventing companiesfromdeliveringsoftwareand itscorresponding businessvaluefastenough.XebiaLabsis thefirst fullyautomateddeliveryautomationsoftwarethat solvesthischallengeand thisfunding will help usreachevenmorecustomersworldwide." UpdataPartnersisthefirst institutionalinvestorinXebiaLabs.Post transaction,UpdatageneralpartnersCarterGriffinand JamesSocas will joinXebiaLabs’sixpersonboard,along withfounder and chairmanDaanTeunissen,chiefexecutiveofficerCoertBaart,andindependent directorsAlexPinchev,formerlyPresident ofRed Hat,Inc.,and WimHeijting,formerlyofBaanCompany.MicheldenBraver willserveas boardobserverand advisor. Deliveringhigherqualitysoftwarefasterhas becomea businessimperative.Currentsoftwaredevelopment processescannotkeep pacewiththedemand forthefasterdeliveryofsoftware. Whileapplicationdevelopment timeshaveacceleratedof lateduetoAgile,scrumand othermethodologies,deployment best practiceshavenot keptpace,resulting inasignificant bottleneck atthepoint ofapplicationrelease. XebiaLabshelpscompaniesacceleratetherateof innovationand timetomarketwhilereducingerrorand downtime.WithXebiaLabs,companiescaneasilymovetocontinuousdeployment andcreateafullyautomated customerfeedbackloop socompaniescanquicklyadapt their applicationstothefast-shiftingchanges inthemarket.Customersexperienceup to50% faster releasetimes,50% reductioninreleasecost and eliminatenearly100% oferrorsintheprocess. “XebiaLabs’offering iswell-timedwiththerapidlyincreasing demand forDevOpsand Continuous Deliverysolutionsthatdrivefastertimetovalueforthesoftwaredelivery process,”said CarterGriffinofUpdata.JamesSocasadded,“Webelievethemarketwill continuetoseeashift towardgreaterautomationasorganizationslook toscaletheireffortstodelivercustomervalueatan accelerated pace.XebiaLabsoffersapowerful solutionfortheindustryand weareexcited to collaborate with theminbuilding a greatcompanyinanexcitingcategory.”

  2. PressContacts: XebiaLabs: HeatherMoses hmoses@xebialabs.com UpdataPartners:TammyFalcotfalco@updata.com AboutXebiaLabs XebiaLabsis theleadingglobal providerofautomationsoftwareforDevOpsand Continuous Deliveryhelpingcompanies toacceleratethedeliveryofnewsoftware.XebiaLabs’products providetheautomation,efficiencyand insight organizationsneed tomeet thedemandforfaster softwaredeploymentcycles.Founded in2008andheadquartered inBoston,XebiaLabshasaworldwidenetworkofsalesofficesand partners.Formore information,pleasevisitwww.xebialabs.com. AboutUpdataPartners UpdataPartnersisaleading technology-focused growthequityfirm withnearly$500millionof capitalundermanagement.Updatainvestsinhigh-growthsoftware,Internet,and technology- enabled servicebusinesseswithinnovativeintellectualpropertyand market-leading solutions.Led byaninvestment teamaveraging morethan20yearsofexperienceinthetechnologyindustry,Updataseeksinvestmentswherethecombinationof thefirm’sfinancial backing andtheoperatingexpertiseofits partnerswill accelerategrowth.Formoreinformationabout UpdataPartners,pleasevisitwww.updata.com Contact:Victor CruzPrincipalMediaPREssex,MA +1(978) 768-6888 vcruz@mediapr.nethttp://www.mediapr.net ###

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