ZeroTurnaround Acquires Danish Java Startup (2)

Photo: Reuters/Scanpix
3/19/2013 4:10 PM
Category: Economy

Estonia and Boston-based ZeroTurnaround has announced it had bought the Danish software startup Javeleon and its patents, drawing two leading Danish IT engineers to work in Estonia.

A Tartu-founded producer of productivity technologies for software developers, ZeroTurnaround has products that are used in about 80 countries. Its flagship is the JRebel plugin for Java developers; LiveRebel, for systems developers, was added to the lineup last year.

Javeleon was started up last year to produce a technology based on research conducted at Mærsk Mc-Kinney Møller Institute at the University of Southern Denmark, based on remodularization of Java software.

The founders of Javeleon, Danes Allan Gregersen and Michael Rasmussen, will join ZeroTurnaround and move to Estonia, said the company.

ZeroTurnaround is based in Boston, Tallinn and Tartu with about 40 employees on each side of the Atlantic.

Primary owners are Bain Capital Ventures and management. Gold-star clients include eBay, Disney, HP, IBM, Lufthansa, Oracle and the US Federal Reserve.


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