Centercode, Inc.

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Centercode, Inc. - overview

Established

2001

Location

Laguna Hills, CA, US

Primary Industry

Business Support Services

About

Centercode, Inc. offers a sophisticated user testing platform designed to enhance product development through in-the-wild testing. Their technology-driven solutions facilitate effective beta testing, gathering valuable insights for businesses. Founded in 2001 and headquartered in Laguna Hills, US, Centercode provides a user testing platform that improves feedback during the software development lifecycle.


The company was acquired by Argentum in June 2019 for USD 6 million, marking a strategic shift towards accelerated growth in SaaS and managed services. Mike Fine is the founder, and the current CEO is Ekkehard Bechler. Centercode specializes in providing a comprehensive user testing platform designed to facilitate impactful in-the-wild user tests. The company’s core offerings include advanced beta testing solutions, known as Delta, which leverage technology to optimize participant engagement and automate labor-intensive tasks.


This platform addresses critical use cases for businesses aiming to gather actionable insights about their products while enhancing overall user experience during the software development lifecycle. Centercode serves a diverse clientele, including technology companies, product managers, and teams focused on product development across various industries. The platform is utilized globally, with significant customer engagement reported in North America, Europe, and Asia, where organizations seek to streamline their user testing processes and improve product launch success. Centercode generates revenue primarily through subscription-based services that offer varying levels of access to its user testing platform.


Clients typically engage with the company by subscribing to different pricing plans based on their specific testing needs and the scale of their projects. These plans allow organizations to recruit testers, manage testing phases, and analyze results effectively, with Centercode’s Delta solution as a flagship offering that enhances the beta testing experience. Transactions are structured around B2B relationships, where businesses can directly utilize the platform to facilitate their testing initiatives. Although specific pricing details are proprietary, the subscription model is designed to accommodate both small teams and larger enterprises seeking to improve their product development processes through comprehensive user feedback.


Following the acquisition by Argentum in June 2019, Centercode plans to leverage the USD 6 million funding to accelerate the growth of its SaaS and managed services offerings. The company is focusing on launching new products designed to enhance user testing capabilities, with specific release timelines yet to be disclosed. Additionally, Centercode aims to expand its market presence in Europe and Asia by 2022, targeting technology companies seeking improved user testing solutions.


Current Investors

Parallax Capital Partners, Argentum

Primary Industry

Business Support Services

Sub Industries

Consulting Services, Analytics & Performance Software, Systems Management Software

Website

www.centercode.com

Verticals

Cloud Computing

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Centercode, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedCentercode, Inc.-
GrowthCompletedCentercode, Inc.-

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