Other highlights in the Summer 2006 release include the ability to track and notify users or relevant changes through RSS-based notification systems and the ability to quickly display detailed member dashboards that automate metrics based on team member data.

Also, documents, images, and other files can be attached to current system assets.

The RSS functionality, Culling said, enables stakeholders "to monitor projects/artifacts of interest without effort."

Available next week, the Summer 2006 release will cost $500 per user plus annual support and maintenance costs for the locally deployed version. The hosted version will cost $30 per user, per month.

VersionOne competes with Rally Software Development but cites an advantage in the breadth of its customer base. "We've got more than 1,000 teams in 30 countries using our software, and 20 of the Fortune 100," Holler said.