LLR Partners invests $20 million in VersionOne

VersionOne Inc. landed a $20 million investment from private equity firmLLR Partners.

Shea & Co., a boutique investment bank focused on the software industry, acted as Alpharetta, Ga.-based VersionOne’s exclusive financial adviser for the transaction.

VersionOne is a pioneer in the agile management tool in the software development market.

“LLR’s investment is a tremendous vote of confidence in VersionOne’s vision of simplifying software delivery for technology organizations,” said Robert Holler, CEO and co-founder of VersionOne, in a statement. “As agile software development gains momentum in the enterprise and agile adoption reaches a tipping point in the software industry, we are very excited to partner with LLR in accelerating our growth and expanding market opportunity.”

LLR Partners

Read the release here.