Like SpecFlow

closed 1/15/2020 via BusinessWire

Tricentis GmbH, acquired SpecFlow

See 293 Comparable Transactions
synopsis: Tricentis, the leader in continuous testing for DevOps, announced that it has acquired SpecFlow, the world’s leading open-source Behavior-Driven Development framework for .NET. SpecFlow facilitates collaboration between teams in small and large enterprises and allows clients to automate tests written in human-readable language.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target parent: TechTalk Software AG
target: SpecFlow
SpecFlow is the world’s leading open-source Behavior-Driven Development framework for .NET. SpecFlow facilitates collaboration between teams in small and large enterprises and allows clients to automate tests written in human-readable language.
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closed 12/9/2021 via PR Newswire

UP9, acquired MockLab

See 293 Comparable Transactions
synopsis: UP9, an autonomous microservice testing platform for developers, has acquired MockLab, an open source API simulator based in the UK. MockLab helps businesses to build and ship more robust systems. Their platform enables software teams to rapidly simulate APIs for faster parallel development and more comprehensive testing.
buyer: UP9
UP9 is an autonomous microservice testing platform for developers. UP9 enables microservice developers to ensure their APIs perform reliably and securely, and are production-ready. Their platform uses machine learning to help developers find problems early and get to the root cause quickly. "
 target: MockLab
MockLab is an open source API simulator based in the UK. MockLab helps businesses to build and ship more robust systems. Their platform enables software teams to rapidly simulate APIs for faster parallel development and more comprehensive testing.
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announced 10/29/2021 via PR Newswire

Snyk, will acquire CloudSkiff

See 293 Comparable Transactions
synopsis: Snyk, the leader in developer security, announced they have agreed to acquire CloudSkiff, creators of the leading open source tool for drift detection, driftctl. Cloudskiff helps DevOps, SRE, and cloud engineers to protect their codified cloud infrastructures.
buyer: Snyk
Headquartered in the UK, Snyk is a developer-first security company that helps organizations use open source and stay secure. Snyk is the only solution that seamlessly and proactively finds and fixes vulnerabilities and license violations in open source dependencies and Docker images. "
 target: CloudSkiff
CloudSkiff are the creators of the leading open source tool for drift detection, driftctl. Cloudskiff helps DevOps, SRE, and cloud engineers to protect their codified cloud infrastructures.
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closed 6/17/2021 via GlobeNewswire

Grafana Labs, acquired k6

See 293 Comparable Transactions
synopsis: Grafana Labs has acquired Stockholm based k6, a company that simplifies and automates load and performance testing for agile software development teams. Their easy-to-use tools are used by modern development organizations from all corners of the world.
buyer: Grafana Labs
Grafana Labs provides an open and composable monitoring and observability stack built around Grafana, the leading open source technology for dashboards and visualization. "
 target: k6
Stockholm based k6, simplifies and automate load and performance testing for agile software development teams. Their easy-to-use tools are used by modern development organizations from all corners of the world.
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closed 8/13/2020 via BusinessWire

Mirantis, acquired Lens

See 293 Comparable Transactions
synopsis: Mirantis, the open cloud company, announced the company has acquired Lens, the Kubernetes integrated development environment (IDE) open source project. The tool unlocks situational awareness and enables users to easily manage, develop, debug, monitor, and troubleshoot their workloads across multiple clusters in real time.
buyer: Mirantis
Mirantis is a flexible infrastructure company. Mirantis provides continuous delivery of open cloud software via a managed services model to enable enterprise application owners to become free of infrastructure and operations concerns. "
 target: Lens
Lens is the world’s most popular Kubernetes integrated development environment (IDE) open source project. The tool unlocks situational awareness and enables users to easily manage, develop, debug, monitor, and troubleshoot their workloads across multiple clusters in real time.
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announced 11/18/2019 via GlobeNewswire

Vista Equity Partners, will acquire Sonatype, Inc.

See 293 Comparable Transactions
synopsis: Sonatype, the company that scales DevOps through open source governance and software supply chain automation, announced it has signed a definitive agreement to receive a majority investment from Vista Equity Partners, a leading investment firm.
buyer: Vista Equity Partners
Vista Equity Partners is a U.S.-based investment firm with more than $50 billion in cumulative capital commitments. Vista exclusively invests in enterprise software, data, and technology-enabled organizations led by world-class management teams. "
 target: Sonatype, Inc.
Sonatype is the leader in software supply chain automation technology. Sonatype’s Nexus platform enables DevOps teams and developers to automatically integrate security at every stage of the modern development pipeline by combining in-depth component intelligence with real-time remediation guidance.
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closed 4/26/2017 via Company Press Release

Microsoft Visual Studio, acquired Open Build Service

See 293 Comparable Transactions
synopsis: Microsoft has acquired Open Build Service, an open and complete distribution development platform designed to encourage developers to compile packages for multiple Linux distributions, and become part of Visual Studio, a suite of programs offering developer tools for computer programmers, called an integrated development environment (IDE).
buyer parent: Microsoft Corporation
buyer: Microsoft Visual Studio
Microsoft Visual Studio is a suite of programs offering developer tools for computer programmers, called an integrated development environment (IDE). The suite offers a variety of editors, options, and controls for designing programs. "
 target parent: Micro Focus International Limited
target: Open Build Service
The Open Build Service is a generic system to build and distribute binary packages from sources in an automatic, consistent and reproducible way. Users can release packages as well as updates, add-ons and entire distributions for a wide range of operating systems and hardware architectures.
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announced 4/12/2017 via BNC Analysis

Microsoft Corporation, will acquire Deis, Inc

See 293 Comparable Transactions
synopsis: Microsoft, the worldwide leader in software, is acquiring Deis, an open-source software company that helps businesses build and operate massive online applications atop cloud services. Deis is based in San Francisco.
buyer: Microsoft Corporation (MSFT:$176,251.00)
Microsoft is the worldwide leader in software, services and solutions that help people and businesses realize their full potential. Microsoft develops, manufactures, licenses, and supports a range of software products and services for various computing devices worldwide. "
 target: Deis, Inc
Deis is an Open Source company building tools for the Kubernetes ecosystem such as Helm and Workflow. Deis Workflow helps developers and operators easily deploy and scale their applications across public clouds, private clouds, and bare metal.
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closed 5/3/2017 via BNC Analysis

Airbnb, acquired Deco Software Inc.

See 315 Comparable Transactions
synopsis: Airbnb, the peer-to-peer marketplace that started with accommodation rentals but has now expanded to other travel services, has acquired Deco Software, a company that builds the next generation of tools for mobile app developers. They offer an integrated development environment for building react native apps.
buyer: Airbnb
Founded in August of 2008 and based in San Francisco, California, Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world — online or from a mobile phone. "
 target: Deco Software Inc.
Deco Software builds the next generation of tools for mobile app developers. They offer an integrated development environment for building react native apps. They are based in San Francisco, CA.
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closed 1/9/2019 via Company Press Release

Smile SA, acquired SensioLabs

See 270 Comparable Transactions
synopsis: Smile, the leading integrator and outsourcer of open source solutions in Europe, has acquired a majority stake in SensioLabs, a France-based open source software & SaaS editor. SensioLabs' Symfony allows users to build a custom framework based on their needs and reuse developed features from other projects.
buyer parent: Eurazeo
buyer: Smile SA
Smile is the leading integrator and outsourcer of open source solutions in Europe. Smile offers 4 vertical ranges that complement its services, combining superior technical and business expertise: Digital and E-Business, Business Apps, Embedded Systems and the Internet of things, and Infrastructure."
 target: SensioLabs
SensioLabs is a France-based open source software & SaaS editor. Their open-source products include Symfony, Twig, Silex, and Swift Mailer. Symfony allows users to build a custom framework based on their needs and reuse developed features from other projects.
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closed 10/21/2015 via BNC Analysis

Twitter, Inc., acquired Fastlane

See 289 Comparable Transactions
synopsis: Twitter, a global platform for public self-expression and conversation in real time, has acquired Fastlane, a set of tools that has found a lot of popularity with iPhone developers as an easy way to constantly test and update their apps.
buyer: Twitter, Inc. (TWTR:$4,799.30)
Twitter is a global platform for public self-expression and conversation in real time. By developing a fundamentally new way for people to create, distribute and discover content, they have democratized content creation and distribution, enabling any voice to echo around the world instantly. "
 target: Fastlane
Fastlane is a set of tools that has found a lot of popularity with iPhone developers as an easy way to constantly test and update their apps. Fastlane helps developers ship more apps, faster.
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closed 12/14/2021 via GlobeNewswire

GitLab, acquired Opstrace, Inc.

See 585 Comparable Transactions
synopsis: GitLab Inc., The DevOps Platform, announced it has acquired Opstrace, Inc., an open source observability distribution. They offer authentication, authorization, alert management, synthetics, TLS, and upgrades—all open source.
buyer: GitLab (GTLB:$221.00)
GitLab is a DevOps platform built as a single application for all stages of the DevOps lifecycle enabling Product, Development, Quality Assurance, Security, and Operations teams to work concurrently on the same project. "
 target: Opstrace, Inc.
Opstrace, Inc. is an open source observability distribution. They offer authentication, authorization, alert management, synthetics, TLS, and upgrades—all open source.
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closed 5/9/2019 via BNC Analysis

F5 Networks Inc., acquired NGINX Inc.

See 334 Comparable Transactions
synopsis: F5, the global leader in multi-cloud application services, has completed the acquisition of NGINX, an open source leader in application delivery. NGINX, Inc. is the company behind the popular open source project trusted by more than 375 million sites. They offer a suite of technologies for developing and delivering modern applications.
buyer: F5 Networks Inc. (FFIV:$2,536.24)
F5 provides solutions for an application world. They help organizations seamlessly scale cloud, data center, and software defined networking deployments to successfully deliver applications to anyone, anywhere, at any time. "
 target: NGINX Inc.
NGINX, Inc. is the company behind the popular open source project trusted by more than 375 million sites. They offer a suite of technologies for developing and delivering modern applications.
price ($mm)
$670
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closed 6/2/2021 via GlobeNewswire

GitLab, acquired UnReview

See 253 Comparable Transactions
synopsis: GitLab Inc., the company that offers the single application for the DevOps lifecycle, has acquired UnReview, a machine learning based solution for automatically identifying appropriate expert code reviewers and controlling review workloads and distribution of knowledge.
buyer: GitLab (GTLB:$221.00)
GitLab is a DevOps platform built as a single application for all stages of the DevOps lifecycle enabling Product, Development, Quality Assurance, Security, and Operations teams to work concurrently on the same project. "
 target: UnReview
UnReview is a machine learning (ML) based solution for automatically identifying appropriate expert code reviewers and controlling review workloads and distribution of knowledge.
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closed 3/24/2021 via Forbes

Twitter, Inc., acquired Reshuffle

See 247 Comparable Transactions
synopsis: Twitter announced that it has acquired the API integration platform, Reshuffle. Reshuffle is an open-source integration framework that lets developers build workflows and connect systems. They are based in Israel and California.
buyer: Twitter, Inc. (TWTR:$4,799.30)
Twitter, Inc. is a global social networking platform for public self-expression and conversation in real time. It also provides promoted products and services which enable its advertisers to promote their brands, products, and services. "
 target: Reshuffle
Reshuffle is an open-source API integration framework that lets developers build workflows and connect systems. They are based in Israel and California.
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closed 11/17/2021 via PR Newswire

Netlify, acquired OneGraph Inc

See 235 Comparable Transactions
synopsis: Netlify, the most popular way to build, deploy, and scale modern web applications, has acquired OneGraph, a single GraphQL endpoint that brings together all SaaS APIs and provides connections between them. OneGraph makes building integrations between 10-100x faster, and lets users focus on the parts of their app that matter.
buyer: Netlify
Netlify is a web developer platform that multiplies productivity. Netlify is an intuitive platform for building, deploying, and collaborating on web apps. Their solution includes features for deploy previews, split testing, build plugins, and more. "
 target: OneGraph Inc
OneGraph is a single GraphQL endpoint that brings together all SaaS APIs and provides connections between them. OneGraph makes building integrations between 10-100x faster, and lets users focus on the parts of their app that matter.
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closed 2/26/2020 via Company Press Release

Mirantis, acquired Kontena

See 317 Comparable Transactions
synopsis: Mirantis, a flexible infrastructure company that provides open cloud software, has acquired Kontena, a company that provides easy-to-use, fully integrated solutions for DevOps and software development teams to deploy, run, monitor and operate containers on the cloud.
buyer: Mirantis
Mirantis is a flexible infrastructure company. Mirantis provides continuous delivery of open cloud software via a managed services model to enable enterprise application owners to become free of infrastructure and operations concerns. "
 target: Kontena
Based in Finland, Kontena provides easy-to-use, fully integrated solutions for DevOps and software development teams to deploy, run, monitor and operate containers on the cloud. The underlying Kontena Platform and Kontena Pharos technologies are open source and available under Apache 2.0 license.
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announced 1/30/2018 via BusinessWire

Red Hat, Inc., will acquire CoreOS

See 317 Comparable Transactions
synopsis: Red Hat, Inc., the world's leading provider of open source solutions, announced that it has signed a definitive agreement to acquire CoreOS, Inc., an innovator and leader in Kubernetes and container-native solutions.
buyer: Red Hat, Inc. (RHT:$3,156.59)
Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, middleware, storage and virtualization technologies. Red Hat also offers award-winning support, training, and consulting services. "
 target: CoreOS
CoreOS is the creator of CoreOS Tectonic, an enterprise-ready Kubernetes platform that provides automated operations, enables portability across private and public cloud providers, and is always upstream open source software.
price ($mm)
$250
rev ($mm)
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closed 2/19/2016 via BNC Analysis

Salesforce.com, Inc., acquired PredictionIO

See 272 Comparable Transactions
synopsis: Salesforce has made one other acquisition to construct out its know-how in machine studying and large knowledge analytics: the corporate has acquired PredictionIO, a startup based mostly out of Palo Alto that had developed an open supply-based mostly machine studying server.
buyer: Salesforce.com, Inc. (CRM:$22,350.00)
Salesforce.com, Inc., the Customer Success Platform and world's #1 CRM company, empowers companies to connect with their customers in a whole new way. Their Salesforce Service Cloud customer service app empowers enterprises to deliver amazing customer service experiences anywhere and on any device. "
 target: PredictionIO
PredictionIO is an open source machine learning server for software developers to create predictive features, such as personalization, recommendation and content discovery.
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closed 4/9/2015 via Market Wire

Corvisa LLC, acquired Codebox

See 510 Comparable Transactions
synopsis: Cloud communications provider, Corvisa LLC, announced the acquisition of Codebox, a web-based developer IDE (Integrated Development Environment). Corvisa will integrate the Codebox IDE into its Summit Platform to facilitate faster, easier development of real-time communications applications by both businesses and independent developers.
buyer parent: Novation Companies, Inc.
buyer: Corvisa LLC
Corvisa provides businesses with a single source for cloud communications solutions. Corvisa combines powerful contact center software, business phone systems and connectivity services with the unmatched flexibility of our Summit development platform. "
 target: Codebox
Codebox is a web-based developer IDE (Integrated Development Environment). Codebox was created in 2014 with the vision of creating powerful development tools, tackling issues like collaboration, cloud development and many others. Codebox.
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closed 1/15/2020 via BusinessWire

Tricentis GmbH, acquired SpecFlow

See 293 Comparable Transactions
synopsis: Tricentis, the leader in continuous testing for DevOps, announced that it has acquired SpecFlow, the world’s leading open-source Behavior-Driven Development framework for .NET. SpecFlow facilitates collaboration between teams in small and large enterprises and allows clients to automate tests written in human-readable language.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target parent: TechTalk Software AG
target: SpecFlow
SpecFlow is the world’s leading open-source Behavior-Driven Development framework for .NET. SpecFlow facilitates collaboration between teams in small and large enterprises and allows clients to automate tests written in human-readable language.
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closed 3/30/2021 via BusinessWire

Tricentis GmbH, acquired Neotys

See 108 Comparable Transactions
synopsis: Tricentis, the world’s #1 testing platform for modern cloud and enterprise applications, has acquired Neotys, a French performance testing company. With the acquisition, Tricentis will further expand its AI-driven, end-to-end continuous testing platform to offer the most comprehensive testing solution to accelerate software delivery and innovation.
buyer: Tricentis GmbH
Tricentis is the global leader in enterprise continuous testing, widely credited for reinventing software testing for DevOps, cloud, and enterprise applications. The Tricentis AI-based, continuous testing platform provides a new and fundamentally different way to perform software testing. "
 target: Neotys
Neotys is a performance testing company headquartered in France. NeoLoad, the company's flagship product, is the leading performance testing offering on the market for enterprises looking to verify application response time, availability, and scalability for mobile, web, and packaged applications.
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closed 1/15/2020 via BusinessWire

Tricentis GmbH, acquired SpecFlow

See 293 Comparable Transactions
synopsis: Tricentis, the leader in continuous testing for DevOps, announced that it has acquired SpecFlow, the world’s leading open-source Behavior-Driven Development framework for .NET. SpecFlow facilitates collaboration between teams in small and large enterprises and allows clients to automate tests written in human-readable language.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target parent: TechTalk Software AG
target: SpecFlow
SpecFlow is the world’s leading open-source Behavior-Driven Development framework for .NET. SpecFlow facilitates collaboration between teams in small and large enterprises and allows clients to automate tests written in human-readable language.
price ($mm)
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closed 8/8/2019 via BusinessWire

Tricentis GmbH, acquired TestProject

See 138 Comparable Transactions
synopsis: Tricentis, the industry’s No. 1 Continuous Testing platform, has acquired TestProject, the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: TestProject
TestProject is the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
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announced 6/20/2018 via Company Press Release

QASymphony will be merged with Tricentis GmbH,

See 154 Comparable Transactions
synopsis: Tricentis and QASymphony announced their agreement to merge under the name of Tricentis. Tricentis’ market-leading Continuous Testing platform has earned the company unanimous “leader” recognition among the top industry analysts. QASymphony is recognized as the industry’s leading test management solution.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: QASymphony
QASymphony accelerates digital transformation with software testing solutions that help enterprises prioritize quality, develop reliable software and increase speed to market. The qTest platform streamlines software testing in agile and DevOps environments and centralizes testing efforts.
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closed 6/20/2018 via BNC Analysis

Tricentis GmbH, acquired Q-up Data GmbH

See 87 Comparable Transactions
synopsis: Tricentis, the leader in Continuous Testing, announced the acquisition of Q-up: a German test data management (TDM) platform architected to provide secure, reliable, and compliant test data on-demand. With a business-friendly, self-service interface and a lightweight provisioning agent, test data access is reduced from weeks to seconds.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: Q-up Data GmbH
Based in Germany, Q-up is a test data management (TDM) platform architected to provide secure, reliable, and compliant test data on-demand. With a business-friendly, self-service interface and a lightweight provisioning agent, test data access is reduced from weeks to seconds.
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closed 7/27/2017 via Market Wire

Tricentis GmbH, acquired Flood IO

See 83 Comparable Transactions
synopsis: Tricentis, leader in Continuous Testing and software test automation, announced that they have acquired Flood IO, the industry's most flexible and scalable on-demand load testing solution.
buyer: Tricentis GmbH
Tricentis, the Continuous Testing Company, specializes in agile market leading software testing tools for enterprises. They help companies adopt DevOps and gain success by achieving automation rates of over 90%. "
 target: Flood IO
Flood is a load testing platform that lets users run globally-distributed performance tests with their favorite open source tools, including JMeter, Gatling and Selenium. Flood provides a simple and affordable platform for scaling load tests on demand.
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closed 4/21/2021 via GlobeNewswire

RadView, acquired Shield34 Ltd.

See 110 Comparable Transactions
synopsis: RadView Software Inc., a leading provider of enterprise-grade performance and load testing solutions, has acquired Shield34, an AI-based test automation startup headquartered in Israel. Shield34 enriches native Selenium tests with AI-based capabilities for improved stability, self-healing, and simpler root cause analysis.
buyer: RadView (OTCPK:RDVW.F:$2.15)
RadView is a leading provider of enterprise-grade performance and load testing solutions. Leveraging its innovative and reliable WebLOAD performance testing platform, RadView empowers hundreds of enterprises and SMBs with faster time-to-market of websites and web applications. "
 target: Shield34 Ltd.
Based in Israel, Shield34 is an innovative test automation platform that takes a unique approach to functional testing by enriching native Selenium tests with AI-based capabilities for improved stability, self-healing, and simpler root cause analysis.
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closed 6/16/2020 via BusinessWire

Digital.ai, acquired Experitest

See 123 Comparable Transactions
synopsis: Digital.ai has acquired Israel-based Experitest, a continuous quality provider, and Numerify. The acquisitions bring AI-powered business analytics and secure, integrated continuous testing capabilities to the Digital.ai Value Stream Platform, making it the most complete end-to-end value stream management solution in the industry.
buyer parent: TPG Capital
buyer: Digital.ai
Digital.ai is an industry-leading technology company that helps Global 5000 enterprises achieve digital transformation goals. Digital.ai combines innovative technologies in agile planning, application protection, software delivery, and artificial intelligence into a unified Value Stream Platform. "
 target: Experitest
Israel-based Experitest enables organizations to rapidly release better quality digital applications to the market. Its SeeTest SaaS-based Continuous Testing Platform enables web & mobile application testing across 2,000+ browsers and real mobile devices, and under real end-user conditions.
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closed 6/11/2020 via GlobeNewswire

GitLab, acquired Peach Tech

See 3103 Comparable Transactions
synopsis: GitLab has acquired Peach Tech, a security software firm specializing in protocol fuzz testing and dynamic application security testing (DAST) API testing, and Fuzzit. The acquisitions will add fully-mature testing solutions, including protocol fuzzing, API fuzzing, DAST API testing, and coverage-guided fuzz testing.
buyer: GitLab (GTLB:$221.00)
GitLab is a DevOps platform built as a single application for all stages of the DevOps lifecycle enabling Product, Development, Quality Assurance, Security, and Operations teams to work concurrently on the same project. "
 target: Peach Tech
Peach Tech is a security software firm specializing in protocol fuzz testing and dynamic application security testing (DAST) API testing. The company utilizes cutting-edge technology to deliver leading products, such as Peach API security and its acclaimed fuzz testing solution Peach Fuzzer.
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closed 6/25/2020 via BusinessWire

Keysight Technologies, acquired Eggplant Software

See 192 Comparable Transactions
synopsis: Keysight Technologies, Inc. a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, and Eggplant, the digital automation intelligence specialist, announced that Keysight has completed the acquisition of Eggplant from The Carlyle Group.
buyer: Keysight Technologies (KEYS:$4,867.00)
Keysight Technologies, Inc. is a leading technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world. Keysight's solutions optimize networks and bring electronic products to market faster and at a lower cost. "
 target parent: Carlyle Group
target: Eggplant Software
Eggplant provides user-centric, Digital Automation Intelligence solutions that enhance the quality and performance of the digital experience. Eggplant enables organizations to test, monitor, analyze, and report on the quality of software applications across different interfaces, and platforms.
price ($mm)
$330
rev ($mm)
$38
EBITDA ($mm)
EV / rev
8.7x
EV / EBITDA
closed 8/20/2019 via Company Press Release

Resolve Systems, acquired FixStream Network Inc.

See 57 Comparable Transactions
synopsis: Resolve Systems®, the leading IT automation and orchestration platform, announced the acquisition of FixStream, a pioneer in AIOps.
buyer parent: Insight Venture Partners
buyer: Resolve Systems
Resolve is the #1 IT automation and orchestration platform, powering more than a million automations every day from simple, high-volume tasks to incredibly complex processes that go well beyond what is imagined as automatable. "
 target parent: Mahindra Group
target: FixStream Network Inc.
FixStream is one of the fastest-growing AIOps platforms. Its proven solution provides automated dependency mapping that dynamically tracks the changing relationships between applications and underlying infrastructure to aid in quickly diagnosing the root cause of performance issues and outages.
price ($mm)
$24
rev ($mm)
$5
EBITDA ($mm)
EV / rev
4.7x
EV / EBITDA
closed 8/8/2019 via BusinessWire

Tricentis GmbH, acquired TestProject

See 138 Comparable Transactions
synopsis: Tricentis, the industry’s No. 1 Continuous Testing platform, has acquired TestProject, the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: TestProject
TestProject is the world’s first cloud-based, community testing platform. TestProject makes it easier for testers to do their jobs quickly, and to collaborate using popular open source frameworks (e.g., Selenium and Appium) to ensure quality with speed.
price ($mm)
rev ($mm)
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EV / rev
EV / EBITDA
closed 2/25/2019 via GlobeNewswire

Marlin Equity Partners, acquired Worksoft

See 192 Comparable Transactions
synopsis: Worksoft, Inc., a leading provider of continuous test automation software, and Marlin Equity Partners, a global investment firm, announced Marlin’s majority recapitalization of and growth equity investment in Worksoft.
buyer: Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
 target: Worksoft
Worksoft is a leading global provider of automation software for high-velocity business process testing and discovery. Enterprises use Worksoft intelligent automation to innovate faster, lower technology risk, reduce costs, improve quality, and understand their real end-to-end business processes.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/20/2018 via Company Press Release

QASymphony will be merged with Tricentis GmbH,

See 154 Comparable Transactions
synopsis: Tricentis and QASymphony announced their agreement to merge under the name of Tricentis. Tricentis’ market-leading Continuous Testing platform has earned the company unanimous “leader” recognition among the top industry analysts. QASymphony is recognized as the industry’s leading test management solution.
buyer: Tricentis GmbH
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Their innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. "
 target: QASymphony
QASymphony accelerates digital transformation with software testing solutions that help enterprises prioritize quality, develop reliable software and increase speed to market. The qTest platform streamlines software testing in agile and DevOps environments and centralizes testing efforts.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/2/2018 via BNC Analysis

Perforce, acquired PRQA (Programming Research)

See 154 Comparable Transactions
synopsis: Clearlake Capital-backed Perforce Software acquired UK-based Programming Research (PRQA), which provides enterprise-grade static code analysis. PRQA solutions are used by organizations whose products need to perform securely and reliably in mission critical and safety critical environments, such as the automotive, aerospace, and medical industries.
buyer parent: Clearlake Capital Group, L.P.
buyer: Perforce
Perforce Software is a leading provider of enterprise scale software solutions to technology developers and development operations (“DevOps”) teams requiring productivity, visibility and scale during all phases of the development lifecycle. "
 target parent: TOYO Corporation
target: PRQA (Programming Research)
PRQA (Programming Research) has been the leader in defect prevention. Their solutions designed to work hand-in-hand with developers, promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/13/2016 via PE Hub

Carlyle Group, acquired TestPlant Limited

See 110 Comparable Transactions
synopsis: TestPlant, the maker of the eggPlant range of software quality tools, announced that The Carlyle Group has acquired a majority shareholding in the company. TestPlant is headquartered in London with development centers in the USA and UK, and sales and support centers in the USA, UK,Germany, China, India and Japan.
buyer: Carlyle Group (CG:$8,297.70)
The Carlyle Group is a global alternative asset manager with $194 billion of assets under management across 128 funds and 142 fund of funds vehicles. Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. "
 target: TestPlant Limited
TestPlant is an international software business based in London. It has development centers in the USA and the UK with sales and support centers in the USA, the UK, Germany, India, China and Japan as well as an extensive network of business partners.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/27/2014 via BNC Analysis

GL Education Group, acquired The Test Factory LLC

See 154 Comparable Transactions
synopsis: GL Education Group has acquired The Test Factory in County Durham which supplies assessment technology for clients including Nestle and Google. Their Online Assessment Platform is rich in functionality and features whilst flexible by design to build customised solutions with limited time and investment.
buyer parent: Investcorp
buyer: GL Education Group
Based in London, GL Education Group, formerly Granada Learning, provides assessment products and services used by teachers to measure students' core abilities and to take decisions about their learning paths. The company comprises two business units: GL Assessment and GL Performance. "
 target: The Test Factory LLC
The Test Factory delivers customised and published online assessment solutions, tailored to a client’s exact need. Their Online Assessment Platform is rich in functionality and features whilst flexible by design to build customised solutions with limited time and investment.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/25/2014 via Company Press Release

TOYO Corporation, acquired PRQA (Programming Research)

See 105 Comparable Transactions
synopsis: TOYO Corporation, a Japanese company that imports and distributes measuring instruments, has acquired a majority stake in Programming Research Group Ltd (PRQA), a leader in defect prevention. PRQA's solutions promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
buyer: TOYO Corporation (TSE:8151:$201.39)
Founded in 1953, TOYO Corporation is a Japanese company that imports and distributes measuring instruments used in research and development fields. The company distributes measuring instruments for the ICT, automobile, energy, marine, software, and healthcare industries. "
 target: PRQA (Programming Research)
PRQA (Programming Research) has been the leader in defect prevention. Their solutions, designed to work hand-in-hand with developers, promote safe coding practices and proactively ensure the highest quality code for safety-critical and mission-critical systems.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/22/2013 via Company Press Release

TestPlant Limited, acquired Facilita Software Development Ltd.

See 154 Comparable Transactions
synopsis: TestPlant announced it has acquired Facilita Software Development Limited, a specialist in load and performance testing. Facilita’s Forecast tool is widely used across the public sector and in large enterprises to performance test applications, servers, websites and IT infrastructures of all sizes and complexity.
buyer: TestPlant Limited
TestPlant is an international software business with its HQ in the City of London.The company is the maker of eggPlant, the leading software testing tool which automates the traditionally manual process of software testing and validation. "
 target: Facilita Software Development Ltd.
Facilita Software Development Ltd. develops software testing for load and performance testing. Established in 2001, Facilita is one of the UK’s most successful and credible software testing technology companies.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/16/2013 via BNC Analysis

Xamarin Inc., acquired LessPainful

See 2027 Comparable Transactions
synopsis: Xamarin announced that it has recently acquired the Danish mobile testing startup LessPainful. LessPainful is the company behind the popular open source cross-platform functional test platform for Android and iOS. It allows customers to use their Device Clouds to test their Android and iOS apps on many real devices in parallel.
buyer: Xamarin Inc.
Xamarin mission is to produce the best software development tools in the world, and to make it fast, easy and fun to build great mobile apps. "
 target: LessPainful
LessPainful ApS designs and develops mobile testing platforms. It allows customers to use their Device Clouds to test their Android and iOS apps on many real devices in parallel. The Device Clouds support fully automated testing as well as visual test reports for manual inspection.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 3/3/2010 via BusinessWire

Worksoft, acquired Test Factory LLC

See 154 Comparable Transactions
synopsis: Worksoft, announced the acquisition of TestFactory, a premier provider of performance and life cycle management solutions that optimize application quality and lower the total cost of ownership for new ERP implementations, ongoing application upgrades, and new business application extensions including analytics and web-based services.
buyer: Worksoft
Worksoft pioneers innovative approaches to software quality testing, and is a premier provider of lifecycle automation solutions for use with SAP solutions to reduce the total cost of ownership for users. "
 target: Test Factory LLC
Test Factory develops solutions to facilitate automated and advanced testing services of the entire SAP solution-based landscape.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/26/2007 via PR Newswire

EDS Corp., acquired RelQ Software Private Ltd.

See 110 Comparable Transactions
synopsis: EDS has completed the acquisition of RelQ Software Private Limited, a Bangalore, India-based software testing company. RelQ will be fully integrated into EDS' global testing organization.
buyer: EDS Corp.
Electronic Data Systems (EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. "
 target: RelQ Software Private Ltd.
RelQ is an Independent Software Testing, Validation & Verification (V&V), and Quality Assurance (QA) services company. RelQ with its growing team of QA / Test engineers, currently over 500 strong, has completed over 700 projects for leading companies worldwide.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2018 via BusinessWire

SmartBear, Inc., acquired Zephyr, Inc.

See 142 Comparable Transactions
synopsis: SmartBear, the leader in software quality tools for teams, has acquired Zephyr, a leading provider of real-time enterprise quality management solutions, powering Agile and DevOps transformations for global customers.
buyer parent: Francisco Partners Management LLC
buyer: SmartBear, Inc.
SmartBear is the leader in software quality tools for teams. The company’s products help deliver the highest quality and best performing software possible. Their tools assist with API testing, UI testing, code review and performance monitoring across mobile, web and desktop applications. "
 target: Zephyr, Inc.
Zephyr is a leading provider of real-time enterprise quality management solutions, powering Agile and DevOps transformations for global customers. Product and IT teams of all sizes use Zephyr's products to manage all aspects of their testing lifecycle to release high quality software, faster.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 10/10/2011 via BNC Analysis

Keynote Systems, Inc., will acquire DeviceAnywhere

See 132 Comparable Transactions
synopsis: Keynote Systems has signed a definitive agreement to acquire Mobile Complete, Inc., d/b/a DeviceAnywhere. DeviceAnywhere provides cloud-based products and services for testing and monitoring the functionality, usability, performance and availability of mobile apps and web sites.
buyer: Keynote Systems, Inc.
Keynote Systems is the global leader in Internet and mobile cloud monitoring. Keynote's testing, monitoring and measurement products and services are used by a variety of enterprises such as online portals, e-commerce sites, B2B sites, mobile operators and mobile infrastructure providers. "
 target: DeviceAnywhere
DeviceAnywhere specializes in testing and monitoring of mobile websites and apps for enterprises. It provides end-to-end planning, testing, monitoring and analysis solutions that assure the quality of their apps and services as they extend their business and brand to the mobile channel.
price ($mm)[EV]
$49 [$53]
rev ($mm)
$20
EBITDA ($mm)
EV / rev
4.5x
EV / EBITDA
closed 5/15/2014 via PR Newswire

Coverity, Inc., acquired Kalistick SAS

See 94 Comparable Transactions
synopsis: Coverity, Inc., a Synopsys company, announced it has completed the acquisition of Kalistick, a provider of cloud-based software solutions that boost testing efficiency by enabling software development organizations to easily identify and prioritize which critical tests need to be run by Quality Assurance (QA).
buyer parent: Synopsys, Inc.
buyer: Coverity, Inc.
Coverity’s award-winning development testing platform helps developers create and deliver better software, faster, by automatically testing source code for software defects that could lead to product crashes, unexpected behavior, security breaches or catastrophic system failure. "
 target: Kalistick SAS
Kalistick is a provider of cloud-based software solutions that boost testing efficiency by enabling software development organizations to easily identify and prioritize which critical tests need to be run by Quality Assurance (QA).
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/7/2017 via PR Newswire

Akamai Technologies, acquired SOASTA, Inc.

See 1700 Comparable Transactions
synopsis: Akamai Technologies, Inc. announced the company has completed its acquisition of SOASTA, a leader in Digital Performance Management. Soasta's CloudTest products and services leverage the power of cloud computing to quickly and affordably test consumer-facing web and mobile apps at scale.
buyer: Akamai Technologies (AKAM:$3,334.66)
Akamai, the leader in Content Delivery Network services, makes the Internet fast, reliable and secure for its customers. Their advanced web performance, mobile performance, cloud security and media delivery solutions are revolutionizing how businesses optimize experiences for any device, anywhere. "
 target: SOASTA, Inc.
Soasta's CloudTest products and services leverage the power of cloud computing to quickly and affordably test consumer-facing web and mobile apps at scale, providing customers with the confidence that their business-critical web apps will be reliable and scalable, even under extreme loads.
price ($mm)
$200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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