ZeroTurnaround Secures $5M in Series B Financing Led by Bain Capital Ventures
Today we are excited to announce with the following press release: ZeroTurnaround Secures $5 Million in Series B Financing Led byBain Capital Ventures New Capital Fuels Global Hiring and Accelerates Development of Award-Winning Productivity Tools, JRebel and XRebel
BOSTON – July 7, 2015 – ZeroTurnaround, the maker of revolutionary developer tools for creating quality software nearly 20 percent faster, today announced that it has raised $5 million in Series B financing led by Bain Capital Ventures with participation from Western Technology Investment, both existing investors. This brings the total amount of funding since the company’s founding in 2007 to $15 million. The company will use the capital to hire exceptional software development talent worldwide and continue to innovate its JRebel and XRebel products, used by more than 65,000 active customers in 80 countries. ZeroTurnaround will also expand its platform support with this new capital. ZeroTurnaround’s award-winning developer productivity tools transformed how software is created, enabling development teams to build, inspect and error-proof software with considerably less downtime.
JRebel, the company’s flagship product, enables developers to make changes to class structures and resource and framework configuration files without the need to restart or redeploy the application. The ability to immediately see code changes speeds the development process by an average of 17 percent, saving developers five full work weeks a year. With the addition of the lightweight Java profiler XRebel to the ZeroTurnaround product suite, developers can improve the quality of the code they write by finding and fixing issues along the way. Today, more than 4,000 enterprise teams and 36 of the Fortune 100 companies use products from ZeroTurnaround to bring quality software to market faster.
“Java is the programming language of choice for 9 million developers, and it drives many of the world’s business systems, as well as more than 7 billion devices,” said Ben Holzman, Managing Director and Co-Head of the software practice of Bain Capital Ventures. “ZeroTurnaround has built a tremendously successful business by solving some of the biggest challenges in the daily lives of developers. As the usage of Java continues to expand, ZeroTurnaround will continue to innovate and usher in the next 20 years of enterprise adoption.”
ZeroTurnaround’s commitment to the betterment of software development led to the recently announced integration with leading cloud infrastructure providers IBM, Red Hat, SAP and AWS to simplify development and testing in the cloud. In coming months, the ZeroTurnaround will bring the same productivity improvements and rapid feedback cycle to new platforms, including Android, making the testing of mobile applications a pleasure instead of a pain.
“We are passionate about taking away the frustrations and time draining activities that impede developer productivity and performance each and every day,” said Jevgeni Kabanov, Founder and CEO of ZeroTurnaround. “We want to be the undisputed market leader for end-to-end productivity, quality, performance enablement and management in the software development process. Our proven track record and support from investors like Bain Capital Ventures will ensure we reach our goals. ”
ZeroTurnaround makes revolutionary developer tools for creating quality software faster. With its award-winning JRebel and XRebel products, ZeroTurnaround is transforming how software is created, enabling development teams to build, inspect and error-proof quality software with considerably less downtime. Founded in 2007, today ZeroTurnaround’s technologies are used by more than 5,200 enterprise teams, including 36 of the Fortune 100, representing more than 65,000 active users in more than 80 countries. For more information, visit zeroturnaround.com or follow @zeroturnaround on Twitter.
About Bain Capital Ventures
Bain Capital Ventures (BCV) provides seed through growth capital for companies focused on technology and technology-enabled services primarily for enterprise customers. BCV invests across sectors including infrastructure software, application software, FinTech and healthcare. Select BCV investments include ABILITY Network, BloomReach, Docusign, Gainsight, Infusionsoft, Kiva Systems, Liazon, LinkedIn, Optimizely, Rapid7, SolarWinds, SurveyMonkey. TellApart and VMTurbo. As the venture capital affiliate of Bain Capital, a leading global alternative assets firm, BCV has partnered with more than 200 companies since 1984 to start, build, commercialize and grow their businesses. BCV has approximately $3 billion of assets under management and has offices in the Bay Area, New York City and Boston. Follow BCV at @BainCapVC ###
Media Contact: April H. Burghardt PR Consultant [email protected] 646-246-0484