Serena Software Scoops Up TeamShare
Serena will acquire the developer of collaborative software development solutions for $18 million.Serena Software Inc. has struck a deal to acquire TeamShare Inc., a developer of collaborative software development solutions. San Mateo, Calif.-based Serena Monday said it will acquire Colorado Springs, Colo.-based TeamShare in a transaction valued at $18 million. Serena, which sells change management solutions that automate changes to enterprise code and content, bolsters its product line with new collaboration technology and extends the companys reach in the application life cycle management tools arena, company officials said.
TeamShare markets TeamTrack, an intuitive request management system that is integrated with Serenas ChangeMan line of change management solutions. Serena also picks up TeamShares 75 employees.