Jump to content

Serena Software

Edit links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Veronica sullivan (talk | contribs) at 22:59, 2 January 2013 (→Products). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Serena Software Inc
Company typePrivate
IndustryComputer software, Application lifecycle management, IT management
Founded1980
FounderDoug Troxel
HeadquartersSan Mateo, California, U.S.
Key people
John Nugent, CEO
RevenueIncreaseUS$219 million (2012)[1]
Number of employees
700+[citation needed]
Websitewww.serena.com

Serena Software Inc is a US-based software company that provides IT management solutions to enterprises around the world. Serena solutions offer a process orchestration approach and span the areas of development, devops and IT management.

Serena is headquartered in Silicon Valley, California and has 700+ employees[citation needed].

Serena is a portfolio company of Silver Lake Partners.

Products

The company provides process-based solutions for managing and automating application development, DevOps and IT operations. The company's revenues are generated through software licenses, maintenance contracts and professional services.[citation needed]

Serena's products and solutions address the following industry segments:

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

  1. ^ "Annual Report for Serena Software Inc for Fiscal Year 2012". Retrieved 2012-12-18.
  2. ^ "Serena Software Announces Completion of Acquisition by Silver Lake Partners" (Press release). Serena. 2006-03-10. Retrieved 2006-03-10.
  3. ^ Serena Software latest target of buyout firm. USA Today, November 11, 2005
  4. ^ Silver Lake rides technology debt wave. MarketWatch, March 29, 2006
  5. ^ Serena Software Buyout: $1.2B Red Herring, November 10, 2005
  6. ^ The LBO Gang Storms The Valley. Business Week, September 11, 2006
  7. ^ "Serena Software to Acquire Project and Portfolio Management Leader" (Press release). Serena. 2006-10-04. Retrieved 2006-10-04.
  8. ^ Serena Software to buy Pacific Edge. San Francisco Business Times, October 2, 2006
  9. ^ "Serena Software Acquires Open Source Alternative to Microsoft Project" (Press release). Serena Software. 2008-09-23. Retrieved 2008-09-23.
  10. ^ Mash Up the Corporation. New York Times, August 24, 2007
  11. ^ Serena Software Joins Mashup Mania. Internet News, December 3, 2007
  12. ^ "Privately-Held Serena Software Names John Nugent as Chief Executive Officer" (Press release). Serena Software. 2009-11-02. Retrieved 2009-11-02.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Serena_Software&oldid=530993678"