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| Rally's proven business model and success in driving Agile software development draws new and existing investors BOULDER, CO., June 14, 2006 Rally Software Development Corp., the leading on-demand provider of Agile Application Life Cycle Management (ALM), today announced it has closed an $8 million Series B round of financing. Vista Ventures led the round with existing backers Mobius Venture Capital and Boulder Ventures both increasing their investment.
About Vista Ventures Vista Ventures invests in early and growth stage technology companies in the Rocky Mountain region. The firm focuses on companies in IT, communications, media and data services which have the potential to become market leaders. Vista Ventures has offices in Boulder and Fort Collins, CO. For more information, visit http://www.vistavc.com/ About Boulder Ventures Boulder Ventures, Ltd. invests in start-up, early-stage and emerging-growth companies and focuses on companies in communications software and services, network infrastructure and optics, and Internet software and services. Corporate offices are located in Owings Mills, MD and Boulder, CO. For more information, visit http://www.boulderventures.com/ About Mobius Venture Capital With offices in Palo Alto, California and Superior, Colorado, Mobius VentureCapital is a $2 billion U.S.-based private equity venture capital firm managed by an unparalleled team of former CEOs and entrepreneurs, technology pioneers, senior executives from major technology corporations, and leaders in the investment banking community. Mobius Venture Capital combines its technology expertise and broad financial assets with the industry's best entrepreneurs to create a powerhouse portfolio of over 100 of the world's leading high technology companies. For more information on the fund's investment team, technology vision and portfolio companies, please visit http://www.mobiusvc.com/ About Rally Software Development, Corp. Based in Boulder, Colo., Rally is helping change the way companies around the globe define, develop and deliver software. Rally's family of on-demand solutions for Agile software life cycle management support the mainstream adoption of Agile development practices, a fast-growing trend that helps software organizations speed value delivery with fixed resources and schedules. The company's customers include thousands of subscribers from leading software vendors, Internet companies and corporate development teams that are committed to delivering high-value software that adapts quickly to new business realities. Rally's world-renown coaches and expert partners complement its on-demand applications with training, mentoring and consulting services for creating the Agile organization. The company is privately held and backed by Mobius Venture Capital, Boulder Ventures and Vista Ventures. For more information about Rally, visit the company's Web site at http://www.rallydev.com/ # # # Contact: Guy Murrel Catapult PR-IR (303) 581-7760, ext. 17 gmurrel@catapultpr-ir.com
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