Rogue Wave Software buys OpenLogic
Last Updated: 15:16 August 22, 2013
Rogue Wave, founded in 1989, supplies a suite of commercial software development tools, while OpenLogic provides open-source management and support software.
Together, the two companies hope to enable their customers' software-development teams to write better code faster by combining their own custom code with Rogue Wave's commercial frameworks and OpenLogic's open-source packages.
"This is an opportunity for (Rogue Wave) to become a one-stop shop for their customers and ours," OpenLogic chief executive Steven Grandchamp said in a phone interview.
Grandchamp, who said OpenLogic has fewer than 50 employees, said his company would become part of Rogue Wave but likely keep its own branding as has been the case with previous Rogue Wave acquisitions.
Grandchamp said all OpenLogic employees would keep their jobs. He said the company's lease at 10901 W. 120th Ave., in Broomfield runs out sometime next year, at which point he expects Rogue Wave might try to roll the two companies into a single location.
Rogue Wave - with locations in Massachusetts, Oregon, Texas, the United Kingdom, France, Germany, Sweden and Japan - is headquartered at 5500 Flatiron Parkway, Suite 200, in Boulder.
Both companies are privately held. Grandchamp declined to disclose OpenLogic's revenue but said the company, founded in the early 2000s, has grown 57 percent from 2012 to 2013.
Rogue Wave officials could not be reached for comment Thursday. A Rogue Wave spokeswoman said the company does not release financial information or how may employees it has.
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