Press release

HSBC Banks on DevOps, Invests $10M in CloudBees

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CloudBees,
an enterprise DevOps leader powering the continuous economy, today
announced that it has secured a $10 million capital investment from HSBC,
one of the world’s largest banking and financial services organizations.
Today’s announcement is a follow-on to CloudBees’ recent $62
million growth capital round last year, bringing total funding in
the company to over $120 million.

HSBC currently uses CloudBees Core platform technologies to accelerate
its overall software delivery system. HSBC said the investment in
CloudBees underscores the importance of DevOps in the bank’s business
and technology future.

“We invest in technologies which are strategically important to
our business, and which help us serve our customers better,” said Dinesh
Keswani, chief technology officer, Shared Services, HSBC. “The DevOps
market is growing fast, as organizations like us drive automation,
intelligence and security into the way we deliver software. CloudBees is
already a strategic business partner of HSBC; we are excited by our
investment and by the opportunity to be part of the story of continuous
delivery.”

The $4.61 billion1 DevOps industry is growing rapidly as
companies rely more and more on software to continuously improve their
products and overall business. CloudBees serves growing enterprise
demand for governance, flexibility and scale by offering an end-to-end
continuous software delivery system designed to accelerate development
and delivery while minimizing risk. An estimated 15+ million2
software developers use Jenkins to automate their software delivery
pipelines, and 46 of Fortune 100 enterprises, including three of the
Fortune 10, use the CloudBees Suite to transform their businesses for
the continuous economy.

“This investment is indicative of the importance leading companies, such
as HSBC, are placing on DevOps,” said Sacha Labourey, CEO and co-founder
of CloudBees. “DevOps is the new way to deliver software, enabling
organizations to deliver software at the speed of ideas, and allowing
organizations to respond more quickly to customer needs and market
demands.”

Labourey said CloudBees will use the funding by HSBC to bring new
innovation to the DevOps market through its modern software delivery
suite, grow its strategic partnerships and accelerate its global
business growth organically and through M&A.

1 Growth estimates from Grandview Research in their Development
to Operations (DevOps) Market Size, Share & Trends Analysis Report
2018-2025.

2 A recent Datanyze
analysis showed that 68 percent of continuous integration is being
done on Jenkins. With an estimated 23 million developers, globally,
according to Evans Data in its Global
Developer Population and Demographics Study,
approximately 15 million developers are using Jenkins.

Additional Resources

About CloudBees
CloudBees is powering the continuous economy
by offering the world’s first end-to-end continuous software delivery
management system (SDM). For millions of developers and product teams
driving innovation for businesses large or small, SDM builds on
continuous integration (CI) and continuous delivery (CD) to enable all
functions and teams within and around the software delivery organization
to best work together to amplify value creation.

CloudBees is the CI, CD and application release orchestration (ARO)
powerhouse, built on the commercial success of its products as well as
its open source leadership. CloudBees is the largest contributor to Jenkins
and Jenkins
X, and a founding member of the Continuous
Delivery Foundation (CDF). From startups with full-stack developers
practicing NoOps to large Fortune 100 companies, CloudBees enables all
software-driven organizations to intelligently deploy the right
capabilities at the right time.

Over 3,500 of the world’s best-known brands and over 50% of the Fortune
500, invest in CloudBees because of its ability to work across any
cloud, in any development environment and to balance corporate
governance and control with developer flexibility and freedom. CloudBees
is home to the world’s leading DevOps experts, helping thousands of
companies harness the power of “continuous everything” and putting them
on the fastest path from great idea, to great software, to great
business value.

Backed by Matrix Partners, Lightspeed Venture Partners, Verizon
Ventures, Delta-v Capital, Golub Capital and Unusual Ventures, CloudBees
was founded in 2010 by former JBoss CTO Sacha Labourey and an elite team
of continuous integration, continuous delivery and DevOps professionals.
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