This week our portfolio company QASymphony and Tricentis announced their agreement to merge under the name of Tricentis. The combination of QASymphony’s industry-leading test management solution with Tricentis’ expertise in Continuous Testing represents the most modern platform for transforming software testing to keep pace with digital transformation.
As Dave Keil, CEO of QASymphony said in the merger announcement: “Global 2000 organizations remain locked into legacy testing platforms that were designed decades ago to enable manual testing processes. Scaled agile and enterprise DevOps initiatives have changed the game. Yet, legacy testing technologies such as those by HPE (now Micro Focus) and CA are throttling speed and innovation. QASymphony has experienced triple-digit growth over the past year—allowing us to aggressively invest in our technology, infrastructure and people to meet the emerging needs of our customers.”
In the press release, Sandeep Johri, CEO of Tricentis also noted: “The addition of QASymphony’s test management solution strengthens our leadership position and builds on our momentum replacing legacy testing tools.”
The last year has marked significant milestones for QASymphony, including a record growth of 107% and expansion of its executive team announced in October; ranking on the Inc 5000 list at #108 and raising $40M in Series C funding in May 2017 to fuel global expansion.
QASymphony’s 100+ employees will be joining Tricentis’ 450+ employees. Sandeep Johri will lead the organization as CEO and Dave Keil will assume the role of COO. The combined company will have a global presence with offices in the US, EMEA and Asia. The transaction is expected to close within 90 days.