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Announced

Completed

Tricentis completed the acquisition of Testim.

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

United States

Friendly

software-as-a-service

Domestic

Single Bidder

Private

Majority

software development

Acquisition

Synopsis

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Tricentis, a provider of test automation for modern cloud and enterprise applications, completed the acquisition of Testim, an AI-based SaaS test automation platform. Financial terms were not disclosed. "Tricentis aims to help customers deliver better business outcomes by producing high-quality, high-performing, and highly secure applications, no matter where or what the app might be. The addition of Testim expands our already formidable lineup of testing products further into Saas and the DevOps space," Kevin Thompson, Tricentis Chairman and CEO.

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