Git might appear to be it’s the one model management system on the market typically. And whereas it’s positively the most well-liked choice proper now, competing applied sciences like Subversion and Mercurial nonetheless have their fair proportion of customers, particularly within the enterprise. It’s perhaps no shock, then, that Assembla, which provides a model management service for the enterprise with a robust deal with Subversion, in the present day introduced that it has acquired Cornerstone, one of the widespread Subversion shoppers for MacOS.
Assembla acquired Cornerstone, in addition to Zennaware, the corporate behind the product. Zennaware first launched Cornerstone again in 2008, and Assembla will proceed to promote and develop the shopper, and plans to launch model four.zero within the coming months. The monetary particulars of the transaction stay undisclosed.
“We’re investing in the way forward for Cornerstone,” Assembla CEO Paul Lynch writes in the present day. “By no means wishing to face nonetheless, it’s our plan to take the important thing enhancements we’ve made in each Subversion and the Assembla net app, and produce them to the already wonderful Cornerstone desktop app. We’re working to enhance your interactions and workflows round your repositories and your knowledge typically.”
Assembla itself was acquired by Scaleworks in 2016. The general thesis behind Scaleworks, which is actually a hybrid enterprise capital fund/non-public fairness play, is to assist companies transfer to the subsequent stage after they’ve hit a plateau of their development. Earlier than being acquired by Scaleworks, Assembla was taking a look at flat development. Since then, although, the corporate has doubled gross sales, largely because of its newfound deal with the enterprise — and this acquisition clearly reveals that the corporate plans to observe this trajectory.
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