Broadcom today announced it has acquired value stream management platform provider ConnectALL to add integrations to its ValueOps VSM portfolio. Terms of the deal were not disclosed.
In a blog post announcing the deal, Broadcom said its plan is to integrate ConnectALL with the company’s ValueOps platform, which includes the Rally agile solution and the Clarity project portfolio management tools, to expand Broadcom’s offering for value stream management and digital transformation.
According to Broadcom’s website, “The combination of ValueOps and ConnectALL’s complementary technology will allow customers to connect and integrate a variety of third-party software tools and platforms and accelerate digital transformation efforts by radically improving visibility, alignment, and efficiency across the organization.”
Serge Lucio, VP and GM of the Enterprise Software Division at Broadcom, wrote in a blog: “Once we started working with ConnectALL to power third-party integrations, we quickly discovered that our two companies share a similar vision of empowering organizations to transform their business and drive change for the betterment of people, purpose, and planet through value stream management.“
Lance Knight, president and CEO of ConnectALL, said in the statement: “Over the past several years, ConnectALL has built a strong, reputable business and developed an award-winning value stream management platform used by some of the world’s largest enterprises. Through it all, we have focused on enabling and empowering people.”
The acquisition adds to the consolidation of the value stream management market, coming 11 months after portfolio management company Planview purchased Flow Framework provider Tasktop.