March 18, 2013

ZeroTurnaround Acquires Java Development Tool Company, Javeleon

ZeroTurnaround, the international software development
productivity company funded by Bain
Capital Ventures
, announced that it has acquired
Javeleon, a Java development tool company. Originally headquartered in Estonia,
ZeroTurnaround, moved its global sales center to Boston a couple of years ago according to the BBJ.

The acquisition of Javeleon, a company
whose product eliminates the need for the restarting of applications while
developing Java projects, adds to ZeroTurnaround’s own dynamic coding software
productivity resources, including JRebel and the recently unveiled LiveRebel 2.6.

The deal also gives ZeroTurnaround
exclusive rights to the intellectual property related to Javeleon’s products.
Javeleon’s technologies are a commercialization of innovations from the Maersk
McKinney Moeller Institute at the University of Southern Denmark that were
developed to decrease the downtime which slows down coding in Java as well as
other coding environments. The company’s co-founders, Dr. Allan Gregersen and
Michael Rasmussen will join ZeroTurnaround’s team in Estonia, helping the
company to maintain it status as an industry leader in multi-environment coding
productivity solutions.

In the press release to announce the
acquisition, both companies expressed their excitement at the possibilities
brought by the new partnership. Javeleon’s Dr.
Gregersen said, “We have admired the ZeroTurnaround success story for years,
and we believe our involvement will positively impact ZeroTurnaround’s future
growth.” Added ZeroTurnaround’s co-founder and CEO Jevgeni Kabanov, “We welcome
this opportunity to work with Allan and Michael, and we think our customers
will be equally happy with the results.”

Dennis Keohane is a teacher, journalist and contributor to VentureFizz.  You can follow Dennis on Twitter (@DBKeohane) by clicking here.