Company Overview
News & EventsRally Software Names Jim Lejeal As Chief Financial Officer
Leading SaaS provider of Agile lifecycle management solutions continues to grow by adding more strength to management team
BOULDER, Colo., September 8, 2008 - Rally Software Development Corp.®, the #1 partner for Agile success through its family of products, coaching and community support, today named Jim Lejeal, chief financial officer. In this role, Jim will be responsible for all financial operations as the company continues on its path toward future growth and profitability.
"Jim's broad experience working with private and public fast-growth companies makes him ideally suited for this role at Rally," said Tim Miller, Rally's CEO. "I'm thrilled that Jim has joined Rally, not only to further strengthen our management team, but to help lead Rally's growth in offering industry-leading Agile products and services."
"I've worked with Jim and his companies for more than 10 years and have the utmost confidence in his ability to successfully lead software and SaaS businesses like Rally," said Brad Feld, Managing Director at Foundry Group. "Along with the rest of the seasoned management team at Rally, Jim will no doubt do an amazing job helping Rally grow to the next phase of its business."
A successful entrepreneur, Jim has founded and managed multiple companies, including a private equity firm and several software and technology companies. In addition, Jim is not a stranger to the software or Software as a Service (SaaS) industries. Most recently, Jim was co-founder, chairman and CEO of Oxlo, a company that operates the leading Automotive Retail Integration Network, which is based on a hosted SaaS solution. Prior to founding Oxlo, Jim ran Lejeal Investments, an angel investment entity located in Louisville, CO, where he co-invested with local venture capital firms in 14 venture backed startups.
Prior to Lejeal Investments, Jim was a co-founder of Raindance Communications, a publicly traded company (NASDAQ: RNDC) where he held the positions of COO and CFO. He successfully led fundraising efforts, raising $170 million in capital, culminating in Raindance Communications' IPO. At Raindance Communications, Jim also led operations, customer support, sales, marketing and finance efforts. At the time of Jim's departure, Raindance Communications had over 400 employees and annualized revenues in excess of $40 million. Prior to founding Raindance Communications, Jim was co-owner of Link-VTC, a Boulder-based video conferencing company that was acquired by Global Crossing. Jim has an MBA from Loyola-Marymount University and is a Distinguished Graduate from the US Air Force Academy.
About Rally
Rally is the #1 partner for Agile success through its family of products, coaching and community support. With a dedicated focus on Agile practices, Rally helps organizations of all sizes shorten their development cycles, increase quality, and collaborate across teams and departments. Rally's on-demand Agile lifecycle management products were honored with three consecutive Jolt Product Excellence Awards (the industry's Oscars) in 2006, 2007 and 2008 and currently support over 900 corporate customers, 20,000 projects and 35,000 users in 50 countries. Rally's end-to-end solutions for Agile development also include Agile University, the largest source for Agile training, and Agile Commons, the largest collaborative Web 2.0 community dedicated to advancing software agility. For more information, visit www.rallydev.com.
Rally Software Development and Rally are trademarks of Rally Software Development Corp. Third-party trademarks are the property of their respective owners.
Press Contact: Ashley Cohen
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