Microsoft to buy InCycle Software's InRelease business.
M2 EQUITYBITES-June 4, 2013-Microsoft to buy InCycle Software's InRelease business(C)2013 M2 COMMUNICATIONS http://www.m2.com
4 June 2013 - US software giant Microsoft Corp (NASDAQ:MSFT) announced a deal to acquire the InRelease unit of application lifecycle management (ALM) consultant InCycle Software Inc for an undisclosed sum.
With the acquisition, Microsoft will add release management capabilities to its ALM and DevOps solutions that will enable customers to improve the application delivery process.
DevOps is becoming an essential part of ALM and is attracting the attention of chief information officers as businesses are now forced to develop quality applications in very short periods of time, S. Somasegar, corporate vice president at Microsoft, commented. Therefore, the InRelease solution will help the faster and simpler delivery of applications, he added.
Following the deal, InCycle Software, which is a Microsoft Gold Certified Partner, will remain a stand-alone company focused on ALM consulting and will keep its partnership with Microsoft.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jun 4, 2013|
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