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New Deal


Announced

Tricentis to acquire SpecFlow from TechTalk.

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

Single Bidder

Pending

Acquisition

Private

Friendly

Austria

Software

agile development

software

Synopsis

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Tricentis, the company in continuous testing for DevOps, agreed to acquire SpecFlow, the open-source behavior-driven development framework from TechTalk, a Central European company that specializes in agile methods, agile development, and agile coaching. Financial terms were not disclosed. “BDD is becoming broadly relevant in enterprises for their digital transformation. As business requirements change at DevOps speed, teams need a way to document how their applications should behave across highly integrated systems. Without built-in test automation to this shared understanding, software delivery leads to production bugs and poor user experiences. SpecFlow’s ability to create this shared business understanding, connected with automated tests, makes it the most trusted BDD platform for .NET development,” Wolfgang Platz, Tricentis Founder and Chief Strategy Officer.

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