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ZeroTurnaround

From Wikipedia, the free encyclopedia
ZeroTurnaround AS
Company typePrivate
IndustrySoftware development tools
Founded2007
Defunct2017-11-29
Headquarters
Key people
  • Jevgeni Kabanov, Founder, CEO
  • Toomas Römer, Founder, CTO
Products
  • JRebel
  • XRebel
  • JRebel for Android
  • XRebel Hub (Beta)
Revenue
  • $2.5M (2011)
  • $6.5M (2012)
[1]
Websitewww.jrebel.com

ZeroTurnaround was a Java development tools software company founded by Jevgeni Kabanov and Toomas Römer in 2007.[2][3] It was acquired by Rogue Wave Software in 2017.[4] In January 2019, Rogue Wave Software and the legacy ZeroTurnaround software products were acquired by Minneapolis, Minnesota-based application software developer Perforce.[5]

History

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Founders Jevgeni Kabanov and Toomas Römer met at IT services provider Webmedia (now known as Nortal) in Tartu, Estonia and began to work together on the project in 2007. Jevgeni and Toomas met David Booth at industry conferences, brought him on as a marketing consultant in January 2009, and promoted him to CEO by March. Together they spun the company out as ZeroTurnaround and received funding by Webmedia in 2009.

The project yielded not only this commercial enterprise, but was also the center of Kabanov's Ph.D. thesis under his advisor Varmo Vene, Head of the Institute of Computer Science at the University of Tartu. His thesis title was Towards a more productive Java EE ecosystem. As of 2014, and according to Kabanov, the product is in use at 3,500 organizations in 80 countries.[3][6][7]

On March 19, 2013, ZeroTurnaround announced they acquired Javeleon, a software company spun out of the Maersk McKinney Moeller Institute at the University of Southern Denmark. Javeleon makes productivity tools for Java developers.[8][9]

On November 29, 2017, ZeroTurnaround was acquired by Rogue Wave Software.[4]

In January 2019, Rogue Wave Software including the former ZeroTurnaround product JRebel was acquired by Minneapolis, Minnesota-based application software developer Perforce.[5]

Products

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ZeroTurnaround developed JRebel, a Java integrated development environment plugin that eliminates the build and redeploy phases of the Java EE development cycle. The company referred to this technology as "hotpatching" or sometimes "dynamic app reloading." It also developed LiveRebel, a rollout/rollback tool for live applications.[2][10] The technology was based on a proprietary code versioning facility.[11] LiveRebel was discontinued in 2014.[12]

Funding

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The company received seed funding of $0.38M in 2008/9 from Webmedia,[3][13] and a Series A round in 2011[14][15] followed by further investment of $2.7M in January 2014, both led by Bain Capital Ventures.[16][17][18][19] It borrowed a further $3M in March 2014 from Western Technology Investment.[20][21]

References

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  1. ^ Alspach, Kyle (November 26, 2013). "ZeroTurnaround on hiring spree in Boston to grow sales of developer tools". Boston Business Journal. Retrieved May 22, 2014.
  2. ^ a b "EclipseCon Boston 2013: ZeroTurnaround". EclipseCon Boston 2013. March 25, 2013. Retrieved May 23, 2014.
  3. ^ a b c Aasmae, Kalev (March 5, 2013). "'Call us Estonian-American': How one startup is expanding its US staff, its products and its horizons". ZD Net. Retrieved May 22, 2014.
  4. ^ a b "Rogue Wave acquires ZeroTurnaround for its Java developer tools". SD Times. 2017-11-29. Retrieved 2020-04-09.
  5. ^ a b "Perforce expands DevOps portfolio with Rogue Wave acquisition". sdtimes.com. 2019-01-22. Retrieved 2019-02-09.
  6. ^ "ZeroTurnaround CEO Defends PhD Thesis on Boosting Productivity in Java Uptime". University of Tartu. August 4, 2013. Retrieved May 22, 2014.
  7. ^ Kabanov, Jevgeni (March 5, 2013). Towards a more productive Java EE ecosystem. University of Tartu (Thesis). Retrieved May 22, 2014.
  8. ^ Keohane, Dennis (March 19, 2013). "ZeroTurnaround Acquires Java Development Tool Company, Javeleon". VentureFizz. Retrieved May 22, 2014.
  9. ^ Kantor, Ira (March 19, 2013). "ZeroTurnaround acquires Danish company Javeleon". Boston Herald. Retrieved May 23, 2014.
  10. ^ Raible, Matt (Mar 14, 2014). "ZeroTurnaround Q&A: An Interview with CEO Jevgeni Kabanov". InfoQueue. Retrieved May 22, 2014.
  11. ^ Kabanov, Jevgeni; Vene, Varmo (January 2014). "A thousand years of productivity: the JRebel story". Software: Practice and Experience. 44 (1): 105–127. doi:10.1002/spe.2158. S2CID 41827072.
  12. ^ Kabanov, Jevgeni (Aug 11, 2014). "Goodbye, LiveRebel!". Retrieved Nov 28, 2014.
  13. ^ Deshpande, Salil (February 28, 2013). "ZeroTurnaround". Angel.co. Retrieved May 23, 2014.
  14. ^ "ZeroTurnaround Backed by Bain Capital Ventures and Salil Deshpande". Finsmes. Retrieved 25 July 2011.
  15. ^ "ZeroTurnaround Receives Backing of Bain Capital". JRebel.com. ZeroTurnaround. Retrieved 25 July 2011.
  16. ^ Anderson, Greg (January 6, 2014). "ZeroTurnaround Picks Up €1.98 Million according to SEC Filings". ArticStartup. Retrieved May 22, 2014.
  17. ^ "Securities and Exchange Commission: Form D: Notice of Exempt Offering of Securities: ZeroTurnaround, Inc". US Securities and Exchange Commission. January 2, 2014. Retrieved May 22, 2014.
  18. ^ "ZeroTurnaround Garners $2,700,000 New Financing". January 4, 2014. Retrieved May 22, 2014.
  19. ^ "ZeroTurnaround". Bain Capital Ventures. September 25, 2011. Retrieved May 22, 2014.
  20. ^ "Estonian-founded start-up ZeroTurnaround raises USD6 million in funding". Estonian World. March 5, 2014. Retrieved May 22, 2014.
  21. ^ Aviva, Gat (March 9, 2014). "ZeroTurnaround raises $6M this year". GeekTime. Retrieved May 23, 2014.
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