Announced
Synopsis
Bridgepoint, has agreed to take a majority stake in the Qualitest, the world's largest pure-play outsourced software testing and quality assurance specialist for an undisclosed sum, replacing current investor Marlin Equity Partners as majority owner. Qualitest, offers a wide range of AI-powered quality engineering and testing solutions, deploying engagement models tailored to the precise testing needs of key industries and technology platforms. The company serves some of the most innovative mid to large sized brands in the technology, financial services, retail, telecom, healthcare, insurance, aerospace, media and utilities industries. The additional investment will enable Qualitest to grow market share by accelerating its global acquisition strategy, strengthening its product development and investing further in talent. We share management's ambitions for the expansion of Qualitest's platform through a combination of further organic growth and selective M&A. In a structurally growing market where technology disrupts every industry, new standards for quality and business assurance are required. Qualitest stands out for its track record of delivery and level of expertise." Xavier Robert, Partner and head of Bridgepoint's investment activities in the UK.
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