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Serena Software Inc
Private
Industry Computer software, Application Lifecycle Management
Founded 1980
Founder Doug Troxel
Headquarters Redwood City, California, U.S.
Key people
John Nugent, CEO
Revenue IncreaseUS$219 million (2012)[1]
Number of employees
600+[2]
Website www.serena.com

Serena Software Inc is a US-based software company. Serena Software helps organizations orchestrate their application development, IT management and business processes. More than 3,000 enterprises, encompassing almost one million users worldwide, depend on Serena’s Application Lifecycle Management, IT Service Management and Business Process Management solutions to deliver applications with confidence and to automate important processes for speed, auditability and efficiency.

Headquartered in Silicon Valley, Serena serves enterprise customers from 29 offices in 14 countries. Serena is a portfolio company of Silver Lake Partners, and has 601 employees as of January 31, 2010.[2]

Products[edit]

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 sub-sectors[citation needed]:

History[edit]

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.[3] The Silver Lake Partners acquisition resulted in no immediate changes to the executive management team and daily operations continued much as they had before.[4][5][6][7]

In October 2006, Serena announced the acquisition of Pacific Edge Software[8] 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.[9]

In September 2008 Serena announced the acquisition of Projity, an open source Software as a Service (SaaS)-based project management company.[10] Serena has begun to drive some of their technologies directly to business users in the form of Business Mashups.[11][12]

John Nugent was appointed CEO in November 2009.[13]

References[edit]

  1. ^ "Annual Report for Serena Software Inc for Fiscal Year 2012". Retrieved 2012-12-18. 
  2. ^ a b Cite error: The named reference 10K-2010 was invoked but never defined (see the help page).
  3. ^ "Serena Software Announces Completion of Acquisition by Silver Lake Partners" (Press release). Serena. 2006-03-10. Retrieved 2006-03-10. 
  4. ^ Serena Software latest target of buyout firm. USA Today, November 11, 2005
  5. ^ Silver Lake rides technology debt wave. MarketWatch, March 29, 2006
  6. ^ Serena Software Buyout: $1.2B Red Herring, November 10, 2005
  7. ^ The LBO Gang Storms The Valley. Business Week, September 11, 2006
  8. ^ "Serena Software to Acquire Project and Portfolio Management Leader" (Press release). Serena. 2006-10-04. Retrieved 2006-10-04. 
  9. ^ Serena Software to buy Pacific Edge. San Francisco Business Times, October 2, 2006
  10. ^ "Serena Software Acquires Open Source Alternative to Microsoft Project" (Press release). Serena Software. 2008-09-23. Retrieved 2008-09-23. 
  11. ^ Mash Up the Corporation. New York Times, August 24, 2007
  12. ^ Serena Software Joins Mashup Mania. Internet News, December 3, 2007
  13. ^ "Privately-Held Serena Software Names John Nugent as Chief Executive Officer" (Press release). Serena Software. 2009-11-02. Retrieved 2009-11-02. 

External links[edit]

Category:Companies established in 1980 Category:Companies based in Redwood City, California

Category:Development software companies Category:Silver Lake Partners Category:Private equity portfolio companies Category:Software companies based in California