Harness acquires Split Software to set new standards in software delivery and feature management
Harness, the Modern Software Delivery Platform company, has officially announced its acquisition of Split Software, a leading provider in Feature Management and Experimentation. This strategic move is poised to redefine software delivery standards, enabling faster and more efficient innovation across the industry.
Significance of the Deal:
The acquisition comes at a crucial time when companies are seeking to enhance their agility and capability in rolling out new products and features swiftly without jeopardizing customer experience or application stability. Jyoti Bansal, co-founder and CEO of Harness, emphasized the growing demand for advanced feature management solutions. “We’re doubling down on our Feature Management and Experimentation investment with our acquisition of Split,” Bansal stated, highlighting the integration’s potential to bolster the entire Software Development Lifecycle (SDLC).
Enhanced Platform Capabilities:
The integration of Split into Harness will introduce a comprehensive feature management and experimentation solution to Harness’s offerings. This will allow customers to develop, deploy, and release software more effectively while conducting A/B tests to evaluate feature adoption. Harness’s AI technology, AIDA, will further enhance these capabilities, providing a smarter approach to DevOps.
Industry Reactions and Future Prospects:
The acquisition has been met with positive responses from industry peers. Kevin Long, VP of Engineering at ClickUp, shared his enthusiasm: “Modern software delivery requires complex techniques like GitOps and experimentation, and now both of these capabilities will be available as a part of a single seamlessly integrated platform.” This sentiment underscores the broader industry trend towards integrated solutions that simplify and streamline software delivery processes.
Legal and Advisory Roles:
The acquisition was supported by various legal and financial advisors. Cooley LLP served as U.S. counsel to Harness, with additional advice from DLA Piper Argentina under Argentine law. Moelis & Company LLC acted as the exclusive financial advisor, while Gunderson Dettmer Stough Villeneuve Franklin & Hachigian LLP provided legal counsel to Split Software.
Harness’s acquisition of Split Software marks a significant milestone in the evolution of software delivery platforms. By combining their strengths, Harness and Split are set to offer unparalleled solutions that will drive innovation and efficiency in software development and deployment.