In today’s quickly changing world where organizations need to gradually increase their competitiveness, the complexity of business is growing and where more and more operations are handled globally, robust and modern software plays a central role in organizations’ activities. Due to changes that are constantly introduced to business processes also software remains under continuous development. Therefore, organizations need solutions which can facilitate the software management process. Application Lifecycle Management represents a modern way of managing (governing, developing and maintaining) any kind of software lifecycle through all stages – from the concept through design, development, maintenance, up to testing and deployment – and can easily facilitate these processes.