Git might also seem to be like it’s the handiest version manage device accessible every so often. And whereas it’s truly essentially the most prevalent option presently, competing technologies like Subversion and Mercurial nevertheless have their fair share of clients, in particular within the commercial enterprise. It’s possibly no shock, then, that Assembla, which presents a version manage carrier for the enterprise with a strong center of attention on Subversion, today introduced that it has obtained Cornerstone, probably the most regularly occurring Subversion customers for MacOS.
Assembla received Cornerstone, as well as Zennaware, the company behind the product. Zennaware first launched Cornerstone back in 2008, and Assembla will continue to promote and enhance the client, and plans to launch edition four.0 in the coming months. The fiscal particulars of the transaction remain undisclosed.
“we are investing within the future of Cornerstone,” Assembla CEO Paul Lynch writes these days. “on no account wishing to face still, it is our plan to take the important thing advancements we’ve made in each Subversion and the Assembla net app, and bring them to the already mind-blowing Cornerstone laptop app. We’re working to improve your interactions and workflows around your repositories and your statistics in widespread.”
Assembla itself changed into bought by means of Scaleworks in 2016. The average thesis in the back of Scaleworks, which is virtually a hybrid task capital fund/deepest equity play, is to aid organizations circulate to the subsequent level after they’ve hit a plateau of their growth. earlier than being obtained by means of Scaleworks, Assembla was taking a look at flat increase. considering then, even though, the company has doubled earnings, in massive part because of its newfound focus on the commercial enterprise — and this acquisition obviously shows that the business plans to observe this trajectory.
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