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New Deal


Announced

Qualitest completed the acquisition of AlgoTrace.

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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Majority

Completed

artificial intelligence

information technology

software solutions

Private

Single Bidder

Israel

Software

Friendly

Acquisition

Private Equity

Synopsis

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Qualitest, a managed services provider of quality assurance and testing solutions completed the acquisition of AlgoTrace, a data science company. Financial terms were not disclosed. "We are thrilled to be joining with Qualitest. Following successful implementations with the company in the past, we have complete faith that we will help Qualitest change the testing paradigm forever – enhancing their quality engineering with machine learning," Ron Ritter, AlgoTrace CEO.

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