CollabNet, the leading provider of on demand distributed software development solutions, today announced it has signed a lucrative three-year, agreement with Barclays Global Investors (BGI) to extend its successful global collaborative software development effort.
Under the terms of the agreement, BGI will migrate onto the new CollabNet® Enterprise Edition 3.0 platform which will serve as the standard foundation for its globally distributed software development teams and partner co-development efforts. CollabNet will also provide ongoing consulting and training for BGI's development teams. Terms of the agreement were not disclosed.
BGI is one of the world's largest asset managers with more than $1.1 trillion in assets (as of June 30, 2004), and operates 2,300 funds for more than 2,500 clients in 47 countries around the world. With software development teams distributed across five locations worldwide including London, Toronto, San Francisco, Tokyo, and Sydney, BGI turned to CollabNet two years ago to provide a single, Web-based development environment to unify and provide consistency to its development efforts. The initiative, known as the Software Management Project (SMP), created a standard development platform for a variety of projects ranging from high-end equity trading systems and global XML development to Web-based client order systems. BGI was also able to store all of its source code in the CollabNet environment which spanned a number of standard development technologies including Java, VB, Perl and .Net.
In addition to streamlining BGI's internal development projects, CollabNet also opened up more flexible ways for BGI's developers to collaborate with external parties, which has led to the acceleration of co-development projects. As a result of the flexibility of the CollabNet environment in defining roles and permissions on each project, BGI saw a major improvement in its relationships with key service providers because they were able to collaborate and contribute to important projects. This level of participation ensures that internal and external members are immediately aware of all project activity, resulting in increased efficiency and decreased time to project completion.
Two years after BGI first selected CollabNet, the company has garnered a notable return on its investment that prompted it to sign a multi-year agreement. By leveraging the CollabNet framework, BGI has decreased its internal software development cycles, cut time to project completion on global projects by approximately 50%, on average, decreased training time for technical and business users by 80-90%, improved customer satisfaction and reduced third-party integration time by at least 50%.
In addition, BGI has streamlined its internal software management and control cost structure, and reduced administrative overhead and travel expenses by more than $500,000 annually by implementing CollabNet. CollabNet will provide BGI with the global source code platform on which BGI can now extract the benefits of planned code and framework reuse initiatives.
"Working with CollabNet for the past two years has produced overwhelming results in the areas of productivity gains, operational efficiencies and baseline cost savings that have constantly exceeded our expectations," said Paul Stevens, global head of technology, BGI. "CollabNet was the company we found that had a solution which combined the necessary elements to make our distributed development efforts successful: it was cost-effective but could scale to meet our global requirements, had capabilities that extended beyond version control of traditional development tools, was methodology neutral yet responsive to the development needs of multiple programming languages, could facilitate code reuse and shared expertise among our developers, and was user-friendly and quick to implement."
As part of the new agreement, BGI will migrate onto CollabNet Enterprise Edition 3.0, a flexible development environment based on open source principles that is most conducive for companies operating in a distributed or offshore development environment. While it retains the flexible nature of open source methods, CollabNet Enterprise Edition 3.0 also offers control, security, and wide-area network (WAN) scalability. With its Web-based project workspace, CollabNet Enterprise Edition 3.0 enables developers to participate in collaborative software development projects regardless of location and without the issues of security, latency, and high total cost of ownership typically associated with distributed development. At the same time, its centralized, role-based permissions model provides the access control necessary for an environment with varying levels of authorization, while version control and issue tracking eliminate the confusion of unstructured development.
"BGI is the perfect example of a company that is maximizing the potential of a truly distributed, collaborative software development effort," said Ken Comee, Vice President, Field Operations at CollabNet. "Not only is BGI using the collaborative development platform to streamline work processes between its developers, but it is also strategically using it to give business executives and project managers real-time insight into the overall application development lifecycle. This visibility across the organization has allowed BGI to track project progress more effectively, allocate resources and mitigate business risks."
BGI has also reserved the option to implement CollabNet Project Dashboard. Project Dashboard is an elective component to CollabNet Enterprise Edition 3.0, which provides executives and project managers with real-time, color-coded reports and graphs to manage software development complexity. With a customizable portfolio view, CollabNet Project Dashboard identifies, at-a-glance and in real-time, which projects are on track, those that are overachieving, and those projects that are potentially at risk. Users can telescope down from these easy-to-digest high-level views into full project details. Users can then move from the project details into charts and reports spotlighting a specific project's performance. Project Managers can also explore historic project performance and individual performance, granting unprecedented levels of project visibility.