Rally Software Named No. 35 on Wall Street Journal's Ranking of Top Venture-Backed Companies
BOULDER, Colo., March 16, 2011 - Rally® was ranked No. 35 on The Wall Street Journal's list of the top 50 venture-backed companies that have "the greatest promise to succeed."
WSJ's ‘Next Big Thing' 2011
The Wall Street Journal's list is the result of analyzing 5,743 companies valued below $1 billion that have received an equity round of financing in the past three years. The ranking, using research firm Venture Source, weighed how much money the companies raised, what venture capital firms invested in them, who sits on the company boards and previous successes of company executives. Rally has raised $49M in various rounds from Boulder Ventures, Greylock Partners, Mobius Venture Capital Inc., Mohr Davidow Ventures and Vista Ventures.
Highlights from 2010:
- Independent analyst firm Forrester Research, Inc.'s May 2010 report, "The Forrester WaveTM: Agile Development Management Tools, Q2 2010," says that Rally has "the best combination of capability and strategy" in its evaluation of 10 Agile development management tool vendors.
- Outside Magazine names Rally one of America's 10 best places to work and ColoBiz Magazine names us the #1 medium-sized "Best Company to Work for in Colorado" for the second consecutive year.
- Rally acquires two companies/products: AgileZen, a leading visual project collaboration tool, and Rally for the iPhone.
- Rally powers leading innovations by the world's largest providers of semiconductor chips, smartphones, cable network, routers, wind turbines, smart grid technologies, medical imaging and diagnostics, and aerospace systems.
About Rally
Rally is the recognized leader in Agile application lifecycle management (ALM). We are dedicated to helping organizations embrace Agile and Lean development practices that increase the pace of innovation and improve product quality. According to a study by QSM Associates, software-driven companies that rely on Rally's Agile ALM products and services are 50% faster to market and 25% more productive than industry averages. The company's experienced services group, including training through Agile University, guides companies through the organizational change required to become innovative, Agile businesses. Rally's products, including AgileZen, currently support more than 2,600 corporate customers, 94,000 projects and 170,000 users in 60 countries. For more information, visit www.rallydev.com.
Press Contact: Lara Vacante
720-921-8128
lvacante@rallydev.com
