Rally Software Claims Strong Growth

Boulder-based Rally Software, the provider of software tools to manage the Agile application development process, is bragging that it has "strong growth" in its FY 2012. The firm said it had growth in its subscription revenues of 56 percent for the year, giving it a 60% annual compound revenue growth rate for the last four years. Actual financial details of its revenues were not released by the firm. The company says it now has 136,000 users across 116 countries using its products. Rally Software is backed by Meritech Capital Partners and other investors.