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New Deal


Announced

Tricentis to acquire TestProject.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Single Bidder

Private

Israel

Friendly

test automation platform

Software

Pending

software development

Majority

Synopsis

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Tricentis, a software testing company, agreed to acquire TestProject, a first-of-its-kind community-powered test automation platform designed for Agile teams. Financial terms were not disclosed. "Tricentis is a company that has always placed the tester first. By joining forces with TestProject, we strengthen our commitment to democratizing test automation, providing an open platform for innovation. Working with enterprises, we’ve witnessed a distinct need to scale open source testing frameworks across the enterprise. TestProject, with its cloud-based, community-driven technology, delivers a scalable and collaborative solution," Sandeep Johri, Tricentis CEO.

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