Serena Software
 | |
| Company type | Private |
|---|---|
| Industry | Computer software, Application Lifecycle Management |
| Founded | 1980 |
| Founder | Doug Troxel |
| Headquarters | Redwood City, California |
Key people | John Nugent, CEO |
| Revenue |  US$224 million (2010)[1] |
Number of employees | 600+[1] |
| Website | www |
Serena Software Inc is US-based software company. Serena develops and markets products focused on managing change across information technology environments. Serena develops and markets software for the information technology infrastructure of large corporations, specializing in helping companies manage changes and upgrades on mainframes and desktop computers.
Serena is headquartered in Redwood City, California and had 601 employees as of January 31, 2010.[1]
Products
The company's products are designed to manage the development of and control change in mission critical technology and business process applications within mainframe and distributed systems environments. The company's revenues are generated through software licenses, maintenance contracts and professional services.[citation needed]
Serena operates in the application lifecycle management (ALM) market, and the company segments its business into four sub-sectors[citation needed]:
- Software change management (SCM)
- Requirements management (RM)
- Project portfolio management (PPM)
- Business process management (BPM)
History
In November 2005, Serena Software announced that it had agreed to be acquired by Silver Lake Partners in a $1.2 billion leveraged buyout transaction. The buyout was announced at a price of $24 per share in cash. Following the transaction, Silver Lake, a technology focused private equity firm acquired about 70% of the Serena stock.[2] The Silver Lake Partners acquisition resulted in no immediate changes to the executive management team and daily operations continued much as they had before.[3][4][5][6]
In October 2006, Serena announced the acquisition of Pacific Edge Software[7] to enter the emerging project portfolio management (PPM) market. Mariner, a leading provider of Project and Portfolio Management (PPM) solutions was determined to be a good match for Serena's existing portfolio of products. After Pacific Edge, Serena made a number of more minor acquisitions, purchasing prototyping technology from Apptero, requirements management technology from Integrated Chipware and asset discovery technology from Data Sciences Corporation.[8]
In September 2008 Serena announced the acquisition of Projity, an open source Software as a Service (SaaS)-based project management company.[9] Serena has begun to drive some of their technologies directly to business users in the form of Business Mashups.[10][11]
John Nugent was appointed CEO in November 2009.[12]
References
- ^ a b c "Annual Report for Serena Software Inc for Fiscal Year 2010". Retrieved 2010-05-08.
- ^ "Serena Software Announces Completion of Acquisition by Silver Lake Partners" (Press release). Serena. 2006-03-10. Retrieved 2006-03-10.
- ^ Serena Software latest target of buyout firm. USA Today, November 11, 2005
- ^ Silver Lake rides technology debt wave. MarketWatch, March 29, 2006
- ^ Serena Software Buyout: $1.2B Red Herring, November 10, 2005
- ^ The LBO Gang Storms The Valley. Business Week, September 11, 2006
- ^ "Serena Software to Acquire Project and Portfolio Management Leader" (Press release). Serena. 2006-10-04. Retrieved 2006-10-04.
- ^ Serena Software to buy Pacific Edge. San Francisco Business Times, October 2, 2006
- ^ "Serena Software Acquires Open Source Alternative to Microsoft Project" (Press release). Serena Software. 2008-09-23. Retrieved 2008-09-23.
- ^ Mash Up the Corporation. New York Times, August 24, 2007
- ^ Serena Software Joins Mashup Mania. Internet News, December 3, 2007
- ^ "Privately-Held Serena Software Names John Nugent as Chief Executive Officer" (Press release). Serena Software. 2009-11-02. Retrieved 2009-11-02.
- Serena Software Inc., now privately held, sharpens focus. Silicon Valley / San Jose Business Journal, September 25, 2006
- Serena Software trying to bring zip to its appeal. San Francisco Business Times, September 22, 2006
- Customs agency in deal with Serena Software. Silicon Valley / San Jose Business Journal, November 28, 2005
- Serena Software Placed In Leaders Quadrant. EFY Times, April 8, 2009
External links
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