Company Overview
News & EventsRally Software to Support Entrepreneurial Giving Program in Boulder County
Rally shares success through community program
BOULDER, Colo., February 26, 2007 - Rally Software Development Corp., the leading provider of on-demand Agile software life cycle management solutions, today announced its participation in a new philanthropic program designed to help Colorado entrepreneurs endow Colorado. The resulting organization, the Entrepreneurs Foundation of Colorado, will encourage entrepreneurs to make a commitment to the long-term health and sustainability of Colorado early in the creation of their companies.
The concept originated within the Community Foundation of Boulder County in 2003 as the '1% Club,' in which founders of local companies committed 1 percent of the company's future profits to support local philanthropy. Following models similar to Salesforce.com's Foundation (http://www.salesforcefoundation.org/), Ryan Martens, founder and CTO of Rally co-founded the 1% Club. The new Entrepreneur's Foundation of Colorado takes that concept to the next level with a simpler and more leveraged model that includes both founders and investors.
"As part of the overall philanthropic culture at Rally, the '1% Fund' has encouraged our executives and employees to pledge 1 percent of their personal equity in Rally while also getting involved in projects throughout our local community," said Rally's Martens. "Rally is truly committed to this cause as we provide our employees 1 percent of their hours worked to support their volunteer activities in the community."
About Entrepreneurs Foundation of Colorado
Four companies - Tendril, Rally Software, Collective Intellect and Me.dium - are the founding grantors for the Entrepreneurs Foundation of Colorado. The founding trustees are Brad Feld (Foundry Group), Kyle Lefkoff (Boulder Ventures), Tim Connor (Sequel Venture Partners), Ryan Martens (Rally Software), Bill Roberts (Hogan & Hartson), and Michael Platt (Cooley Godward Kronish). In addition, the Entrepreneurs Foundation of Colorado has formed an alliance with the Entrepreneurs Foundation, an organization formed in 1988 with affiliates in Silicon Valley, Austin, Southern California, New England, Dallas, Portland, Atlanta, Hawaii and Israel.
About Rally
From an initial pilot project to enterprise rollout, Rally helps organizations succeed with Agile software development - one of the fastest growing trends in the technology industry. Rally's Agile life cycle management products give teams the visibility and collaboration needed to deliver high-value software in rapid iterations, and its world-renown coaching services help mentor teams to create internal Agile experts. Rally maps an incremental road to Agile adoption for thousands of subscribers from leading software vendors, Internet companies and corporate development teams. Based in Boulder, Colo., the company is privately held and backed by Mobius Venture Capital, Boulder Ventures and Vista Ventures. For more information, visit www.rallydev.com.
Press Contact: Anne Greenhaw
303-565-2832
anne@rallydev.com