Like TestProject

closed 8/8/2019 via BusinessWire

Tricentis GmbH, acquired TestProject

See 108 Comparable Transactions
synopsis: Tricentis, the industry’s No. 1 Continuous Testing platform, has acquired TestProject, the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: TestProject
TestProject is the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
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closed 4/16/2013 via BNC Analysis

Xamarin Inc., acquired LessPainful

See 1507 Comparable Transactions
synopsis: Xamarin announced that it has recently acquired the Danish mobile testing startup LessPainful. LessPainful is the company behind the popular open source cross-platform functional test platform for Android and iOS. It allows customers to use their Device Clouds to test their Android and iOS apps on many real devices in parallel.
buyer: Xamarin Inc.
Xamarin mission is to produce the best software development tools in the world, and to make it fast, easy and fun to build great mobile apps. "
 target: LessPainful
LessPainful ApS designs and develops mobile testing platforms. It allows customers to use their Device Clouds to test their Android and iOS apps on many real devices in parallel. The Device Clouds support fully automated testing as well as visual test reports for manual inspection.
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closed 10/1/2018 via BusinessWire

SmartBear, Inc., acquired Zephyr, Inc.

See 97 Comparable Transactions
synopsis: SmartBear, the leader in software quality tools for teams, has acquired Zephyr, a leading provider of real-time enterprise quality management solutions, powering Agile and DevOps transformations for global customers.
buyer parent: Francisco Partners Management LLC
buyer: SmartBear, Inc.
SmartBear is the leader in software quality tools for teams. The company’s products help deliver the highest quality and best performing software possible. Their tools assist with API testing, UI testing, code review and performance monitoring across mobile, web and desktop applications. "
 target: Zephyr, Inc.
Zephyr is a leading provider of real-time enterprise quality management solutions, powering Agile and DevOps transformations for global customers. Product and IT teams of all sizes use Zephyr's products to manage all aspects of their testing lifecycle to release high quality software, faster.
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closed 5/15/2014 via PR Newswire

Coverity, Inc., acquired Kalistick SAS

See 68 Comparable Transactions
synopsis: Coverity, Inc., a Synopsys company, announced it has completed the acquisition of Kalistick, a provider of cloud-based software solutions that boost testing efficiency by enabling software development organizations to easily identify and prioritize which critical tests need to be run by Quality Assurance (QA).
buyer parent: Synopsys, Inc.
buyer: Coverity, Inc.
Coverity’s award-winning development testing platform helps developers create and deliver better software, faster, by automatically testing source code for software defects that could lead to product crashes, unexpected behavior, security breaches or catastrophic system failure. "
 target: Kalistick SAS
Kalistick is a provider of cloud-based software solutions that boost testing efficiency by enabling software development organizations to easily identify and prioritize which critical tests need to be run by Quality Assurance (QA).
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closed 2/25/2019 via GlobeNewswire

Marlin Equity Partners, acquired Worksoft

See 137 Comparable Transactions
synopsis: Worksoft, Inc., a leading provider of continuous test automation software, and Marlin Equity Partners, a global investment firm, announced Marlin’s majority recapitalization of and growth equity investment in Worksoft.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
 target: Worksoft
Worksoft is a leading global provider of automation software for high-velocity business process testing and discovery. Enterprises use Worksoft intelligent automation to innovate faster, lower technology risk, reduce costs, improve quality, and understand their real end-to-end business processes.
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announced 6/20/2018 via Company Press Release

QASymphony will be merged with Tricentis GmbH,

See 113 Comparable Transactions
synopsis: Tricentis and QASymphony announced their agreement to merge under the name of Tricentis. Tricentis’ market-leading Continuous Testing platform has earned the company unanimous “leader” recognition among the top industry analysts. QASymphony is recognized as the industry’s leading test management solution.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: QASymphony
QASymphony accelerates digital transformation with software testing solutions that help enterprises prioritize quality, develop reliable software and increase speed to market. The qTest platform streamlines software testing in agile and DevOps environments and centralizes testing efforts.
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closed 5/2/2018 via BNC Analysis

Perforce, acquired PRQA (Programming Research)

See 113 Comparable Transactions
synopsis: Clearlake Capital-backed Perforce Software acquired UK-based Programming Research (PRQA), which provides enterprise-grade static code analysis. PRQA solutions are used by organizations whose products need to perform securely and reliably in mission critical and safety critical environments, such as the automotive, aerospace, and medical industries.
buyer parent: Clearlake Capital Group, L.P.
buyer: Perforce
Perforce Software is a leading provider of enterprise scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility and scale during all phases of the development lifecycle. "
 target parent: TOYO Corporation
target: PRQA (Programming Research)
PRQA (Programming Research) has been the leader in defect prevention. Their solutions designed to work hand-in-hand with developers, promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
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closed 1/13/2016 via PE Hub

Carlyle Group, acquired TestPlant Limited

See 113 Comparable Transactions
synopsis: TestPlant, the maker of the eggPlant range of software quality tools, announced that The Carlyle Group has acquired a majority shareholding in the company. TestPlant is headquartered in London with development centers in the USA and UK, and sales and support centers in the USA, UK,Germany, China, India and Japan.
buyer: Carlyle Group (CG:$3,068.40)
The Carlyle Group is a global alternative asset manager with $194 billion of assets under management across 128 funds and 142 fund of funds vehicles. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. "
 target: TestPlant Limited
TestPlant is an international software business based in London. It has development centers in the USA and the UK with sales and support centers in the USA, the UK, Germany, India, China and Japan as well as an extensive network of business partners.
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closed 8/27/2014 via BNC Analysis

GL Education Group, acquired The Test Factory LLC

See 113 Comparable Transactions
synopsis: GL Education Group has acquired The Test Factory in County Durham which supplies assessment technology for clients including Nestle and Google. Their Online Assessment Platform is rich in functionality and features whilst flexible by design to build customised solutions with limited time and investment.
buyer parent: Investcorp
buyer: GL Education Group
Based in London, GL Education Group, formerly Granada Learning, provides assessment products and services used by teachers to measure students' core abilities and to take decisions about their learning paths. The company comprises two business units: GL Assessment and GL Performance. "
 target: The Test Factory LLC
The Test Factory delivers customised and published online assessment solutions, tailored to a client’s exact need. Their Online Assessment Platform is rich in functionality and features whilst flexible by design to build customised solutions with limited time and investment.
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closed 7/25/2014 via Company Press Release

TOYO Corporation, acquired PRQA (Programming Research)

See 113 Comparable Transactions
synopsis: TOYO Corporation, a Japanese company that imports and distributes measuring instruments, has acquired a majority stake in Programming Research Group Ltd (PRQA), a leader in defect prevention. PRQA's solutions promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
buyer: TOYO Corporation (TSE:8151:$201.39)
Founded in 1953, TOYO Corporation is a Japanese company that imports and distributes measuring instruments used in research and development fields. The company distributes measuring instruments for the ICT, automobile, energy, marine, software, and healthcare industries. "
 target: PRQA (Programming Research)
PRQA (Programming Research) has been the leader in defect prevention. Their solutions, designed to work hand-in-hand with developers, promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
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closed 4/22/2013 via Company Press Release

TestPlant Limited, acquired Facilita Software Development Ltd.

See 113 Comparable Transactions
synopsis: TestPlant announced it has acquired Facilita Software Development Limited, a specialist in load and performance testing. Facilita’s Forecast tool is widely used across the public sector and in large enterprises to performance test applications, servers, websites and IT infrastructures of all sizes and complexity.
buyer: TestPlant Limited
TestPlant is an international software business with its HQ in the City of London.The company is the maker of eggPlant, the leading software testing tool which automates the traditionally manual process of software testing and validation. "
 target: Facilita Software Development Ltd.
Facilita Software Development Ltd. develops software testing for load and performance testing. Established in 2001, Facilita is one of the UK’s most successful and credible software testing technology companies.
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closed 3/3/2010 via BusinessWire

Worksoft, acquired Test Factory LLC

See 112 Comparable Transactions
synopsis: Worksoft, announced the acquisition of TestFactory, a premier provider of performance and life cycle management solutions that optimize application quality and lower the total cost of ownership for new ERP implementations, ongoing application upgrades, and new business application extensions including analytics and web-based services.
buyer: Worksoft
Worksoft pioneers innovative approaches to software quality testing, and is a premier provider of lifecycle automation solutions for use with SAP solutions to reduce the total cost of ownership for users. "
 target: Test Factory LLC
Test Factory develops solutions to facilitate automated and advanced testing services of the entire SAP solution-based landscape.
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closed 6/26/2007 via PR Newswire

EDS Corp., acquired RelQ Software Private Ltd.

See 113 Comparable Transactions
synopsis: EDS has completed the acquisition of RelQ Software Private Limited, a Bangalore, India-based software testing company. RelQ will be fully integrated into EDS' global testing organization.
buyer: EDS Corp.
Electronic Data Systems (EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. "
 target: RelQ Software Private Ltd.
RelQ is an Independent Software Testing, Validation & Verification (V&V), and Quality Assurance (QA) services company. RelQ with its growing team of QA / Test engineers, currently over 500 strong, has completed over 700 projects for leading companies worldwide.
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closed 4/7/2017 via PR Newswire

Akamai Technologies, acquired SOASTA, Inc.

See 1264 Comparable Transactions
synopsis: Akamai Technologies, Inc. announced the company has completed its acquisition of SOASTA, a leader in Digital Performance Management. Soasta's CloudTest products and services leverage the power of cloud computing to quickly and affordably test consumer-facing web and mobile apps at scale.
buyer: Akamai Technologies (AKAM:$2,794.57)
Akamai, the leader in Content Delivery Network services, makes the Internet fast, reliable and secure for its customers. Their advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize experiences for any device, anywhere. "
 target: SOASTA, Inc.
Soasta's CloudTest products and services leverage the power of cloud computing to quickly and affordably test consumer-facing web and mobile apps at scale, providing customers with the confidence that their business-critical web apps will be reliable and scalable, even under extreme loads.
price ($mm)
$200
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closed 5/4/2016 via BusinessWire

SmartBear, Inc., acquired CrossBrowserTesting.com, LLC.

See 9 Comparable Transactions
synopsis: SmartBear Software, the leader in software quality tools for the connected world, has acquired CrossBrowserTesting, one of the fastest growing automated cloud testing platforms. CrossBrowserTesting provides a highly secured, scalable and flexible cloud containing more than 1,500 real mobile devices and browsers in more than 65 operating systems.
buyer: SmartBear, Inc.
SmartBear supports professionals and organizations that use its products to build and deliver the world’s greatest applications. SmartBear's software quality tools assist with code review, functional and load testing, API readiness as well as performance monitoring of these modern applications. "
 target: CrossBrowserTesting.com, LLC.
As one of the fastest growing cloud testing platforms with more than 5 million tests runs, CrossBrowserTesting has enabled more than 200,000 users to eliminate the cost, effort and time associated with creation and maintenance of an in-house test infrastructure.
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closed 4/29/2015 via Market Wire

SolarWinds, acquired Papertrail

See 49 Comparable Transactions
synopsis: SolarWinds, a leading provider of powerful and affordable IT performance management solutions, has acquired Papertrail, a Cloud-based log management company. The addition of Papertrail will allow the SolarWinds® Cloud Product Family to Collect, Monitor, Search, Analyze and Act on Log Data Across On-Premise, SaaS and Cloud-Based Environments.
buyer: SolarWinds (SWI:$851.97)
SolarWinds provides powerful and affordable IT management software to customers worldwide -- from Fortune 500 enterprises to small businesses. SolarWinds products are downloadable, easy to use and maintain, and provide the power, scale, and flexibility needed to address users' management priorities."
 target: Papertrail
Papertrail allows companies to aggregate log files from a wide variety of popular products like Apache, MySQL and Heroku, as well as Ruby on Rails apps, different cloud hosting services and other standard text log files.
price ($mm)
$41
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closed 6/26/2014 via PR Newswire

Optimizely, acquired Synference

See 9 Comparable Transactions
synopsis: Optimizely, the world's leading optimization platform, announced the acquisition of Synference, a startup that combines the power of optimization and machine learning to automate the discovery of patterns and insights. Optimizely aims to expand its powerful optimization platform by using machine learning to provide valuable insights.
buyer: Optimizely
Optimizely is the world's leading optimization platform, providing A/B testing, multivariate testing, and personalization for websites and iOS applications. The platform's ease of use empowers organizations to conceive of and run experiments that help them make better data-driven decisions. "
 target: Synference
Synference combines the power of optimization and machine learning to automate the discovery of patterns and insights. Based in Dublin, the startup's technology applies machine learning to A/B testing and optimization, enabling companies to tailor their online experience to each visitor.
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announced 9/20/2016 via BusinessWire

CA Technologies, Inc., will acquire BlazeMeter

See 65 Comparable Transactions
synopsis: CA Technologies announced it has signed a definitive agreement to acquire BlazeMeter, a leader in open source-based continuous application performance testing. BlazeMeter will seamlessly integrate with CA’s continuous delivery solutions to further improve testing efficiency and accelerate the deployment of applications.
buyer: CA Technologies, Inc. (CA:$4,148.00)
CA Technologies creates software that fuels transformation for companies and enables them to seize the opportunities of the application economy. Software is at the heart of every business in every industry. "
 target: BlazeMeter
BlazeMeter ensures delivery of high-performance software by enabling DevOps teams to quickly and easily run open-source based performance tests against any mobile app, website or API at massive scale to validate performance at every stage of software delivery.
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closed 9/23/2014 via PR Newswire

BlazeMeter, acquired Loadosophia

See 65 Comparable Transactions
synopsis: BlazeMeter, the leading load and performance testing as a self-service platform for mobile, web and APIs announced the acquisition of Loadosophia, which provides state-of-the-art analytics technology for JMeter users. Loadosophia store ones tests data and provide one with online analysis tools to visualize test results and track KPIs.
buyer: BlazeMeter
BlazeMeter is an agile performance testing as a service platform provider that enables engineers to run load tests on any mobile app, website, or API, simulating more than one million concurrent users on a developer-friendly self-service platform. "
 target: Loadosophia
Loadosophia provides state-of-the-art analytics technology for JMeter users. They store ones tests data and provide one with online analysis tools to visualize test results and track KPIs. One can easily share the data online with their team and export PDF reports.
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announced 10/10/2011 via BNC Analysis

Keynote Systems, Inc., will acquire DeviceAnywhere

See 98 Comparable Transactions
synopsis: Keynote Systems has signed a definitive agreement to acquire Mobile Complete, Inc., d/b/a DeviceAnywhere. DeviceAnywhere provides cloud-based products and services for testing and monitoring the functionality, usability, performance and availability of mobile apps and web sites.
buyer: Keynote Systems, Inc.
Keynote Systems is the global leader in Internet and mobile cloud monitoring. Keynote's testing, monitoring and measurement products and services are used by a variety of enterprises such as online portals, e-commerce sites, B2B sites, mobile operators and mobile infrastructure providers. "
 target: DeviceAnywhere
DeviceAnywhere specializes in testing and monitoring of mobile websites and apps for enterprises. It provides end-to-end planning, testing, monitoring and analysis solutions that assure the quality of their apps and services as they extend their business and brand to the mobile channel.
price ($mm)[EV]
$49 [$53]
rev ($mm)
$20
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EV / rev
4.5x
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closed 8/8/2019 via BusinessWire

Tricentis GmbH, acquired TestProject

See 108 Comparable Transactions
synopsis: Tricentis, the industry’s No. 1 Continuous Testing platform, has acquired TestProject, the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: TestProject
TestProject is the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
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closed 8/8/2019 via BusinessWire

Tricentis GmbH, acquired TestProject

See 108 Comparable Transactions
synopsis: Tricentis, the industry’s No. 1 Continuous Testing platform, has acquired TestProject, the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: TestProject
TestProject is the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
price ($mm)
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announced 6/20/2018 via Company Press Release

QASymphony will be merged with Tricentis GmbH,

See 113 Comparable Transactions
synopsis: Tricentis and QASymphony announced their agreement to merge under the name of Tricentis. Tricentis’ market-leading Continuous Testing platform has earned the company unanimous “leader” recognition among the top industry analysts. QASymphony is recognized as the industry’s leading test management solution.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: QASymphony
QASymphony accelerates digital transformation with software testing solutions that help enterprises prioritize quality, develop reliable software and increase speed to market. The qTest platform streamlines software testing in agile and DevOps environments and centralizes testing efforts.
price ($mm)
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closed 6/20/2018 via BNC Analysis

Tricentis GmbH, acquired Q-up Data GmbH

See 56 Comparable Transactions
synopsis: Tricentis, the leader in Continuous Testing, announced the acquisition of Q-up: a German test data management (TDM) platform architected to provide secure, reliable, and compliant test data on-demand. With a business-friendly, self-service interface and a lightweight provisioning agent, test data access is reduced from weeks to seconds.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: Q-up Data GmbH
Based in Germany, Q-up is a test data management (TDM) platform architected to provide secure, reliable, and compliant test data on-demand. With a business-friendly, self-service interface and a lightweight provisioning agent, test data access is reduced from weeks to seconds.
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closed 7/27/2017 via Market Wire

Tricentis GmbH, acquired Flood IO

See 56 Comparable Transactions
synopsis: Tricentis, leader in Continuous Testing and software test automation, announced that they have acquired Flood IO, the industry's most flexible and scalable on-demand load testing solution.
buyer: Tricentis GmbH
Tricentis, the Continuous Testing Company, specializes in agile market leading software testing tools for enterprises. They help companies adopt DevOps and gain success by achieving automation rates of over 90%. "
 target: Flood IO
Flood is a load testing platform that lets users run globally-distributed performance tests with their favorite open source tools, including JMeter, Gatling and Selenium. Flood provides a simple and affordable platform for scaling load tests on demand.
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closed 8/8/2019 via BusinessWire

Tricentis GmbH, acquired TestProject

See 108 Comparable Transactions
synopsis: Tricentis, the industry’s No. 1 Continuous Testing platform, has acquired TestProject, the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: TestProject
TestProject is the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
price ($mm)
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closed 8/20/2019 via Company Press Release

Resolve Systems, acquired FixStream Network Inc.

See 66 Comparable Transactions
synopsis: Resolve Systems®, the leading IT automation and orchestration platform, announced the acquisition of FixStream, a pioneer in AIOps.
buyer parent: Insight Venture Partners
buyer: Resolve Systems
Resolve is the #1 IT automation and orchestration platform, powering more than a million automations every day from simple, high-volume tasks to incredibly complex processes that go well beyond what is imagined as automatable. "
 target parent: Mahindra Group
target: FixStream Network Inc.
FixStream is one of the fastest-growing AIOps platforms. Its proven solution provides automated dependency mapping that dynamically tracks the changing relationships between applications and underlying infrastructure to aid in quickly diagnosing the root cause of performance issues and outages.
price ($mm)
$24
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.7x
EV / EBITDA
closed 2/25/2019 via GlobeNewswire

Marlin Equity Partners, acquired Worksoft

See 137 Comparable Transactions
synopsis: Worksoft, Inc., a leading provider of continuous test automation software, and Marlin Equity Partners, a global investment firm, announced Marlin’s majority recapitalization of and growth equity investment in Worksoft.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
 target: Worksoft
Worksoft is a leading global provider of automation software for high-velocity business process testing and discovery. Enterprises use Worksoft intelligent automation to innovate faster, lower technology risk, reduce costs, improve quality, and understand their real end-to-end business processes.
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announced 6/20/2018 via Company Press Release

QASymphony will be merged with Tricentis GmbH,

See 113 Comparable Transactions
synopsis: Tricentis and QASymphony announced their agreement to merge under the name of Tricentis. Tricentis’ market-leading Continuous Testing platform has earned the company unanimous “leader” recognition among the top industry analysts. QASymphony is recognized as the industry’s leading test management solution.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: QASymphony
QASymphony accelerates digital transformation with software testing solutions that help enterprises prioritize quality, develop reliable software and increase speed to market. The qTest platform streamlines software testing in agile and DevOps environments and centralizes testing efforts.
price ($mm)
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closed 5/2/2018 via BNC Analysis

Perforce, acquired PRQA (Programming Research)

See 113 Comparable Transactions
synopsis: Clearlake Capital-backed Perforce Software acquired UK-based Programming Research (PRQA), which provides enterprise-grade static code analysis. PRQA solutions are used by organizations whose products need to perform securely and reliably in mission critical and safety critical environments, such as the automotive, aerospace, and medical industries.
buyer parent: Clearlake Capital Group, L.P.
buyer: Perforce
Perforce Software is a leading provider of enterprise scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility and scale during all phases of the development lifecycle. "
 target parent: TOYO Corporation
target: PRQA (Programming Research)
PRQA (Programming Research) has been the leader in defect prevention. Their solutions designed to work hand-in-hand with developers, promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
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closed 1/13/2016 via PE Hub

Carlyle Group, acquired TestPlant Limited

See 113 Comparable Transactions
synopsis: TestPlant, the maker of the eggPlant range of software quality tools, announced that The Carlyle Group has acquired a majority shareholding in the company. TestPlant is headquartered in London with development centers in the USA and UK, and sales and support centers in the USA, UK,Germany, China, India and Japan.
buyer: Carlyle Group (CG:$3,068.40)
The Carlyle Group is a global alternative asset manager with $194 billion of assets under management across 128 funds and 142 fund of funds vehicles. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. "
 target: TestPlant Limited
TestPlant is an international software business based in London. It has development centers in the USA and the UK with sales and support centers in the USA, the UK, Germany, India, China and Japan as well as an extensive network of business partners.
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closed 8/27/2014 via BNC Analysis

GL Education Group, acquired The Test Factory LLC

See 113 Comparable Transactions
synopsis: GL Education Group has acquired The Test Factory in County Durham which supplies assessment technology for clients including Nestle and Google. Their Online Assessment Platform is rich in functionality and features whilst flexible by design to build customised solutions with limited time and investment.
buyer parent: Investcorp
buyer: GL Education Group
Based in London, GL Education Group, formerly Granada Learning, provides assessment products and services used by teachers to measure students' core abilities and to take decisions about their learning paths. The company comprises two business units: GL Assessment and GL Performance. "
 target: The Test Factory LLC
The Test Factory delivers customised and published online assessment solutions, tailored to a client’s exact need. Their Online Assessment Platform is rich in functionality and features whilst flexible by design to build customised solutions with limited time and investment.
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closed 7/25/2014 via Company Press Release

TOYO Corporation, acquired PRQA (Programming Research)

See 113 Comparable Transactions
synopsis: TOYO Corporation, a Japanese company that imports and distributes measuring instruments, has acquired a majority stake in Programming Research Group Ltd (PRQA), a leader in defect prevention. PRQA's solutions promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
buyer: TOYO Corporation (TSE:8151:$201.39)
Founded in 1953, TOYO Corporation is a Japanese company that imports and distributes measuring instruments used in research and development fields. The company distributes measuring instruments for the ICT, automobile, energy, marine, software, and healthcare industries. "
 target: PRQA (Programming Research)
PRQA (Programming Research) has been the leader in defect prevention. Their solutions, designed to work hand-in-hand with developers, promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/22/2013 via Company Press Release

TestPlant Limited, acquired Facilita Software Development Ltd.

See 113 Comparable Transactions
synopsis: TestPlant announced it has acquired Facilita Software Development Limited, a specialist in load and performance testing. Facilita’s Forecast tool is widely used across the public sector and in large enterprises to performance test applications, servers, websites and IT infrastructures of all sizes and complexity.
buyer: TestPlant Limited
TestPlant is an international software business with its HQ in the City of London.The company is the maker of eggPlant, the leading software testing tool which automates the traditionally manual process of software testing and validation. "
 target: Facilita Software Development Ltd.
Facilita Software Development Ltd. develops software testing for load and performance testing. Established in 2001, Facilita is one of the UK’s most successful and credible software testing technology companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2013 via BNC Analysis

Xamarin Inc., acquired LessPainful

See 1507 Comparable Transactions
synopsis: Xamarin announced that it has recently acquired the Danish mobile testing startup LessPainful. LessPainful is the company behind the popular open source cross-platform functional test platform for Android and iOS. It allows customers to use their Device Clouds to test their Android and iOS apps on many real devices in parallel.
buyer: Xamarin Inc.
Xamarin mission is to produce the best software development tools in the world, and to make it fast, easy and fun to build great mobile apps. "
 target: LessPainful
LessPainful ApS designs and develops mobile testing platforms. It allows customers to use their Device Clouds to test their Android and iOS apps on many real devices in parallel. The Device Clouds support fully automated testing as well as visual test reports for manual inspection.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/3/2010 via BusinessWire

Worksoft, acquired Test Factory LLC

See 112 Comparable Transactions
synopsis: Worksoft, announced the acquisition of TestFactory, a premier provider of performance and life cycle management solutions that optimize application quality and lower the total cost of ownership for new ERP implementations, ongoing application upgrades, and new business application extensions including analytics and web-based services.
buyer: Worksoft
Worksoft pioneers innovative approaches to software quality testing, and is a premier provider of lifecycle automation solutions for use with SAP solutions to reduce the total cost of ownership for users. "
 target: Test Factory LLC
Test Factory develops solutions to facilitate automated and advanced testing services of the entire SAP solution-based landscape.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 6/26/2007 via PR Newswire

EDS Corp., acquired RelQ Software Private Ltd.

See 113 Comparable Transactions
synopsis: EDS has completed the acquisition of RelQ Software Private Limited, a Bangalore, India-based software testing company. RelQ will be fully integrated into EDS' global testing organization.
buyer: EDS Corp.
Electronic Data Systems (EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. "
 target: RelQ Software Private Ltd.
RelQ is an Independent Software Testing, Validation & Verification (V&V), and Quality Assurance (QA) services company. RelQ with its growing team of QA / Test engineers, currently over 500 strong, has completed over 700 projects for leading companies worldwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2018 via BusinessWire

SmartBear, Inc., acquired Zephyr, Inc.

See 97 Comparable Transactions
synopsis: SmartBear, the leader in software quality tools for teams, has acquired Zephyr, a leading provider of real-time enterprise quality management solutions, powering Agile and DevOps transformations for global customers.
buyer parent: Francisco Partners Management LLC
buyer: SmartBear, Inc.
SmartBear is the leader in software quality tools for teams. The company’s products help deliver the highest quality and best performing software possible. Their tools assist with API testing, UI testing, code review and performance monitoring across mobile, web and desktop applications. "
 target: Zephyr, Inc.
Zephyr is a leading provider of real-time enterprise quality management solutions, powering Agile and DevOps transformations for global customers. Product and IT teams of all sizes use Zephyr's products to manage all aspects of their testing lifecycle to release high quality software, faster.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/10/2011 via BNC Analysis

Keynote Systems, Inc., will acquire DeviceAnywhere

See 98 Comparable Transactions
synopsis: Keynote Systems has signed a definitive agreement to acquire Mobile Complete, Inc., d/b/a DeviceAnywhere. DeviceAnywhere provides cloud-based products and services for testing and monitoring the functionality, usability, performance and availability of mobile apps and web sites.
buyer: Keynote Systems, Inc.
Keynote Systems is the global leader in Internet and mobile cloud monitoring. Keynote's testing, monitoring and measurement products and services are used by a variety of enterprises such as online portals, e-commerce sites, B2B sites, mobile operators and mobile infrastructure providers. "
 target: DeviceAnywhere
DeviceAnywhere specializes in testing and monitoring of mobile websites and apps for enterprises. It provides end-to-end planning, testing, monitoring and analysis solutions that assure the quality of their apps and services as they extend their business and brand to the mobile channel.
price ($mm)[EV]
$49 [$53]
rev ($mm)
$20
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
closed 5/15/2014 via PR Newswire

Coverity, Inc., acquired Kalistick SAS

See 68 Comparable Transactions
synopsis: Coverity, Inc., a Synopsys company, announced it has completed the acquisition of Kalistick, a provider of cloud-based software solutions that boost testing efficiency by enabling software development organizations to easily identify and prioritize which critical tests need to be run by Quality Assurance (QA).
buyer parent: Synopsys, Inc.
buyer: Coverity, Inc.
Coverity’s award-winning development testing platform helps developers create and deliver better software, faster, by automatically testing source code for software defects that could lead to product crashes, unexpected behavior, security breaches or catastrophic system failure. "
 target: Kalistick SAS
Kalistick is a provider of cloud-based software solutions that boost testing efficiency by enabling software development organizations to easily identify and prioritize which critical tests need to be run by Quality Assurance (QA).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/7/2017 via PR Newswire

Akamai Technologies, acquired SOASTA, Inc.

See 1264 Comparable Transactions
synopsis: Akamai Technologies, Inc. announced the company has completed its acquisition of SOASTA, a leader in Digital Performance Management. Soasta's CloudTest products and services leverage the power of cloud computing to quickly and affordably test consumer-facing web and mobile apps at scale.
buyer: Akamai Technologies (AKAM:$2,794.57)
Akamai, the leader in Content Delivery Network services, makes the Internet fast, reliable and secure for its customers. Their advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize experiences for any device, anywhere. "
 target: SOASTA, Inc.
Soasta's CloudTest products and services leverage the power of cloud computing to quickly and affordably test consumer-facing web and mobile apps at scale, providing customers with the confidence that their business-critical web apps will be reliable and scalable, even under extreme loads.
price ($mm)
$200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/4/2016 via BusinessWire

SmartBear, Inc., acquired CrossBrowserTesting.com, LLC.

See 9 Comparable Transactions
synopsis: SmartBear Software, the leader in software quality tools for the connected world, has acquired CrossBrowserTesting, one of the fastest growing automated cloud testing platforms. CrossBrowserTesting provides a highly secured, scalable and flexible cloud containing more than 1,500 real mobile devices and browsers in more than 65 operating systems.
buyer: SmartBear, Inc.
SmartBear supports professionals and organizations that use its products to build and deliver the world’s greatest applications. SmartBear's software quality tools assist with code review, functional and load testing, API readiness as well as performance monitoring of these modern applications. "
 target: CrossBrowserTesting.com, LLC.
As one of the fastest growing cloud testing platforms with more than 5 million tests runs, CrossBrowserTesting has enabled more than 200,000 users to eliminate the cost, effort and time associated with creation and maintenance of an in-house test infrastructure.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/29/2015 via Market Wire

SolarWinds, acquired Papertrail

See 49 Comparable Transactions
synopsis: SolarWinds, a leading provider of powerful and affordable IT performance management solutions, has acquired Papertrail, a Cloud-based log management company. The addition of Papertrail will allow the SolarWinds® Cloud Product Family to Collect, Monitor, Search, Analyze and Act on Log Data Across On-Premise, SaaS and Cloud-Based Environments.
buyer: SolarWinds (SWI:$851.97)
SolarWinds provides powerful and affordable IT management software to customers worldwide -- from Fortune 500 enterprises to small businesses. SolarWinds products are downloadable, easy to use and maintain, and provide the power, scale, and flexibility needed to address users' management priorities."
 target: Papertrail
Papertrail allows companies to aggregate log files from a wide variety of popular products like Apache, MySQL and Heroku, as well as Ruby on Rails apps, different cloud hosting services and other standard text log files.
price ($mm)
$41
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/26/2014 via PR Newswire

Optimizely, acquired Synference

See 9 Comparable Transactions
synopsis: Optimizely, the world's leading optimization platform, announced the acquisition of Synference, a startup that combines the power of optimization and machine learning to automate the discovery of patterns and insights. Optimizely aims to expand its powerful optimization platform by using machine learning to provide valuable insights.
buyer: Optimizely
Optimizely is the world's leading optimization platform, providing A/B testing, multivariate testing, and personalization for websites and iOS applications. The platform's ease of use empowers organizations to conceive of and run experiments that help them make better data-driven decisions. "
 target: Synference
Synference combines the power of optimization and machine learning to automate the discovery of patterns and insights. Based in Dublin, the startup's technology applies machine learning to A/B testing and optimization, enabling companies to tailor their online experience to each visitor.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/15/2012 via Market Wire

uTest, Inc, acquired Apphance

See 34 Comparable Transactions
synopsis: uTest, the world's leading provider of in-the-wild software testing services, announced it has acquired mobile app quality tools company, Apphance, from its parent company, Polidea. uTest acquires all intellectual property related to Apphance as well as engineering talent.
buyer: uTest, Inc
uTest provides in-the-wild testing services that span the entire software development lifecycle – including functional, security, load, localization and usability testing. They put web, mobile and desktop applications through their paces by testing on real devices under real-world conditions. "
 target parent: Polidea
target: Apphance
Apphance is a mobile app quality tool that enables mobile developers to know how their apps are working across a wide range of devices, carriers, OS versions and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
Pages:  

Like TestProject


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TestProject

LessPainful

Zephyr, Inc.

Kalistick SAS

Worksoft

QASymphony

PRQA (Programming Research)

TestPlant Limited

The Test Factory LLC

PRQA (Programming Research)

Facilita Software Development Ltd.

Test Factory LLC

RelQ Software Private Ltd.

SOASTA, Inc.

CrossBrowserTesting.com, LLC.

Papertrail

Synference

BlazeMeter

Loadosophia

DeviceAnywhere

Pages:  
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TestProject

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TestProject

QASymphony

Q-up Data GmbH

Flood IO

read more

TestProject

FixStream Network Inc.

Worksoft

QASymphony

PRQA (Programming Research)

TestPlant Limited

The Test Factory LLC

PRQA (Programming Research)

Facilita Software Development Ltd.

LessPainful

Test Factory LLC

RelQ Software Private Ltd.

Zephyr, Inc.

DeviceAnywhere

Kalistick SAS

SOASTA, Inc.

CrossBrowserTesting.com, LLC.

Papertrail

Synference

Apphance

Pages:  
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