Tricentis Buys Israeli SaaS Test Automation Platform Testim

Austrian software testing company, Tricentis, announced last week that it had acquired Israeli AI-based SaaS test automation platform, Testim.io, for $200 million.

Testim’s platform will “effectively enhance” Tricentis’ SaaS offerings for clients who are looking to integrate “cloud-based testing capabilities with flexible consumption models,” Tricentis said in a statement.

Testim first introduced its AI-based testing service in 2014. It accelerated application delivery by reducing the time it normally takes to author, automatically improve, troubleshoot, and handle test diagnostics. This enables Testim’s platform to uphold a high degree of productivity and efficiency as its “self-healing algorithms” are used to maintain the stability and resiliency of tests as applications inevitably evolve. 

Founded in 2007, Tricentis specializes in providing software quality assurance products and notable software testing automation for DevOps, cloud, and especially enterprise applications. The company currently has cultivated more than 2,100 clients including pharmaceutical distribution company, McKesson, professional services company, Accenture, and sound engineering company, Dolby, among many others. 

“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,” said Kevin Thompson, chairman and CEO of Tricentis. “The addition of Testim expands our already formidable lineup of testing products further into Saas and the DevOps space.”

“Tricentis has built a comprehensive offering to support the full testing lifecycle across the enterprise application landscape. The unique capabilities of both companies complement one another perfectly, and devs around the world will enjoy a more robust, comprehensive platform and higher productivity,” said Oren Rubin, founder and CEO of Testim.

The 35 employees stationed at Testim’s Tel Aviv headquarters will join Tricentis’ workforce as a result of the acquisition. 

Prior to this deal, Testim had raised $18 million from investment firms, SignalFire, Meron Capital, Lightspeed Venture Partners, and NHV.