Tartu, Estonia (PRWEB) July 25, 2011
Bain Capital Ventures and notable angel investors, including Salil Deshpande, have backed ZeroTurnaround, the company behind innovative productivity enhancing solutions for the Java community including JRebel and LiveRebel. JRebel is the only solution that enables developers to save 15-20% of their coding time by removing the build and redeploy process, so they can instantly see changes made to their code in their development application. LiveRebel is the only solution that enables production Java EE environments to automatically and instantly deliver hot updates to live applications, eliminating downtime and lost sessions.
Bain Capital Ventures’ backing of ZeroTurnaround includes a buyout of Webmedia Group’s ownership in the company. “We are thankful to Webmedia Group and their management team for providing initial seed funding and support to help us launch ZeroTurnaround,” said Jevgeni Kabanov, creator of the company’s flagship product JRebel, founder and CTO of ZeroTurnaround, “Now we are ready to go forward to conquer new countries and create new products with our fantastic international team and partners.”
Bain became involved with ZeroTurnaround because of the high productivity improvements ZeroTurnaround delivers to their customers by addressing core problems in Java. “We are proud to partner with the entire ZeroTurnaround team to build a world-class infrastructure software company. The innovation at ZeroTurnaround helps the Java community deliver better code in less time and with less downtime. Additionally, ZeroTurnaround’s value and uniqueness was recently showcased as the ‘Most Innovative Java Technology 2011’ in the JAX Awards,“ said Ben Holzman, Partner at Bain Capital Ventures. “ZeroTurnaround’s fantastic technical team has built great software that improves productivity for customers around the world. We look forward to aiding the company’s expansion into North America.”
“With triple-digit growth every year since inception, and nearly 300% in 2010, we are excited to work with the team of Ben Nye and Ben Holzman from Bain Capital along with Salil Deshpande, the same team that backed and helped build dynaTrace Software, a recent success story in Java and .Net performance management,” said David Booth, CEO of ZeroTurnaround.
Founded in 2007 in Estonia, ZeroTurnaround makes Java more productive for both development and production teams with award-winning Rebellion technology. JRebel and LiveRebel integrate directly into the JVMs, application servers and development tools of the world’s leading financial, web application and technology firms. ZeroTurnaround is proud to support the Eclipse Foundation as a solutions member. See more and join the Rebellion.
Jevgeni Kabanov, ZeroTurnaround, founder and CTO, +372 534 11 869, jevgeni(at)zeroturnaround(dot)com
David Booth, ZeroTurnaround, CEO, +420 774 567 832, david(at)zeroturnaround(dot)com