Announced

GTCR to invest $1.33bn in Tricentis.

Synopsis

GTCR, a private equity firm, agreed to invest $1.33bn in Tricentis, a continuous testing and quality engineering company. “This investment recognizes the incredible company, strong product portfolio and large market opportunity that we have created here at Tricentis. We have had a long and successful partnership with Insight Partners, and I join them in welcoming GTCR as we further accelerate our momentum in enabling enterprises with large, complex IT environments to keep up with the rapid rate of change in their software application environments," Kevin Thompson, Tricentis Chief Executive Officer.

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