Tricentis is a global leader in automated software testing and quality engineering, offering cutting-edge solutions to streamline and optimize the software development lifecycle. By automating complex testing processes, Tricentis reduces time and effort, enabling development teams to prioritize innovation and accelerate the delivery of high-quality, reliable applications.
Tricentis has raised $1.33 billion from private equity firm GTCR at a $4.5 billion valuation. The investment will empower Tricentis to further accelerate its in-house product development, driving innovation and expanding its capabilities in automated software testing and quality engineering.
Tricentis, Austin, Texas, United States, was founded in 2007 by Franz Fuchsberger and Wolfgang Platz. “This investment recognizes the incredible company, strong product portfolio and large market opportunity that we have created here at Tricentis,” said Kevin Thompson, Chief Executive Officer at Tricentis. “We have had a long and successful partnership with Insight Partners, and I join them in welcoming GTCR as we further accelerate our momentum in enabling enterprises with large, complex IT environments to keep up with the rapid rate of change in their software application environments.”
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