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New Deal


Announced

Completed

Carbon Relay completed the acquisition of Stormforger.

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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Completed

Software

Cross Border

Acquisition

Friendly

Majority

Single Bidder

Germany

performance testing

Private

Synopsis

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Carbon Relay, a startup developing a cloud-based platform that automates Kubernetes app deployment, completed the acquisition of Stormforger, a performance testing as a service platform. Financial terms were not disclosed. "Coming from a strong focus on performance testing for all kinds of applications, we realized that our visions are fundamentally aligned. Taming complexity and everything it entails is one of the fundamental problems in our industry. By combining our platforms and our expertise in our respective fields we are able to close an important gap unlike anyone else is able to. Automated optimization, driven by machine learning, is the perfect continuation of our vision which started our journey in 2014," Lars Wolff, StormForger Co-Founder.

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