Scaleworks Sells Source Code Manager Assembla to Houston’s Idera

San Antonio—Scaleworks business Assembla has sold for an undisclosed price to Houston-based Idera, a company that owns various business-to-business, developer-focused software companies.

San Antonio-based Assembla sells a service that helps developers access the code they use to build software, which is often stored in repository managers, such as Git, Perforce, and NextGen SVN. Assembla was founded in 2005 and has more than 500 customers in 157 countries, including Deutsche Telekom, Bayer, Kellogg’s, Oracle, Unity, Disney, Apple, Marketo, and Salesforce, according to a news release.

The company was acquired in 2016 by Scaleworks, an investment firm that buys software-as-a-service companies that are generating revenue, seeking to grow the businesses. This appears to be the first sale by Scaleworks of a portfolio company. Assembla acquired Belgium-based startup MyGet for an undisclosed price in August.

Idera says Assembla’s services will be useful for customers of other software tools it owns, such as Ranorex. Customers of Ranorex’s automated testing service can get automated source code through Assembla, the news release says. Assembla is the fifth acquisition Idera has made this year, according to its website.

Author: David Holley

David is the national correspondent at Xconomy. He has spent most of his career covering business of every kind, from breweries in Oregon to investment banks in New York. A native of the Pacific Northwest, David started his career reporting at weekly and daily newspapers, covering murder trials, city council meetings, the expanding startup tech industry in the region, and everything between. He left the West Coast to pursue business journalism in New York, first writing about biotech and then private equity at The Deal. After a stint at Bloomberg News writing about high-yield bonds and leveraged loans, David relocated from New York to Austin, TX. He graduated from Portland State University.