Tricentis GmbH
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Tricentis GmbH - overview
Established
2007
Location
Austin, TX, US
Primary Industry
Software
About
Tricentis GmbH is a software company providing automated testing solutions aimed at enhancing the quality engineering process across diverse applications and platforms, primarily focusing on enterprise-level needs. Founded in 2007, Tricentis GmbH operates out of Austin, Texas, USA, offering automated software testing solutions. The company recently underwent a Secondary Buyout in November 2024, raising USD 1. 33 bn from GTCR, which will enhance its product offerings and market presence.
Tricentis has completed four funding rounds and has a history of strategic partnerships and product development to support its growth objectives. Tricentis offers an extensive suite of automated software testing tools, including Tricentis Tosca for advanced test automation, NeoLoad for performance testing, and SeaLights, which leverages AI for optimizing test coverage. The company serves approximately 3,000 clients across multiple industries, including finance and telecommunications, with a strong presence among leading banks and insurance firms globally, operating in regions such as North America, Europe, and Asia-Pacific. In 2021, Tricentis recorded revenue of USD 71.
42 mn with an EBITDA of USD -25. 20 mn. Its revenue model is primarily based on subscriptions for its testing solutions, catering to businesses of all sizes, from small enterprises to large corporations. Tricentis plans to leverage the recent funding from the Secondary Buyout to enhance its product offerings and expand into new markets.
The focus will be on developing innovative testing solutions and increasing its presence in existing markets while targeting new regions. This strategic move aligns with the company’s objective of modernizing testing processes for enterprises and improving software delivery speeds.
Current Investors
ViewPoint Capital Partners, Insight Partners, Wipro Ventures
Primary Industry
Software
Sub Industries
Web Development, Systems Management Software, Analytics & Performance Software
Website
www.tricentis.com
Verticals
Artificial Intelligence, Big Data, Cloud Computing
Total Amount Raised
Subscriber access only
Tricentis GmbH - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Neotys S.A.S. | - |
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