Testing platform Tricentis acquires performance testing service Neotys – TechCrunch


If you develop software program for a big enterprise firm, chances are high you’ve heard of Tricentis. If you don’t develop software program for a big enterprise firm, chances are high you haven’t. The software program testing firm with a concentrate on fashionable cloud and enterprise purposes was based in Austria in 2007 and grew from a small consulting agency to a significant participant on this area, with prospects like Allianz, BMW, Starbucks, Deutsche Bank, Toyota and UBS. In 2017, the corporate raised a $165 million Series B spherical led by Insight Venture Partners.

Today, Tricentis introduced that it has acquired Neotys, a preferred performance testing service with a concentrate on fashionable enterprise purposes and a tests-as-code philosophy. The two firms didn’t disclose the value of the acquisition. France-based Neotys launched in 2005 and raised about €three million earlier than the acquisition. Today, it has about 600 prospects for its NeoLoad platform. These embrace BNP Paribas, Dell, Lufthansa, McKesson and TechCrunch’s personal company dad or mum, Verizon.

As Tricentis CEO Sandeep Johri famous, testing instruments have been historically script-based, which additionally meant they have been very fragile each time an utility modified. Early on, Tricentis launched a low-code tool that made the automation course of each simpler and resilient. Now, as even conventional enterprises transfer to DevOps and launch code at a sooner pace than ever earlier than, testing is changing into each extra necessary and more durable for these firms to implement.

“You have to have automation and you cannot have it be fragile, where it breaks, because then you spend as much time fixing the automation as you do testing the software,” Johri mentioned. “Our core differentiator was the fact that we were a low-code, model-based automation engine. That’s what allowed us to go from $6 million in recurring revenue eight years ago to $200 million this year.”

Tricentis, he added, desires to be the testing platform of alternative for giant enterprises. “We want to make sure we do everything that a customer would need, from a testing perspective, end to end. Automation, test management, test data, test case design,” he mentioned.

The acquisition of Neotys permits the corporate to broaden this portfolio by including load and performance testing as effectively. It’s one factor to do the usual sort of purposeful testing that Tricentis already did earlier than launching an replace, however as soon as an utility goes into manufacturing, load and performance testing turns into essential as effectively.

“Before you put it into production — or before you deploy it — you need to make sure that your application not only works as you expect it, you need to make sure that it can handle the workload and that it has acceptable performance,” Johri famous. “That’s where load and performance testing comes in and that’s why we acquired Neotys. We have some capability there, but that was primarily focused on the developers. But we needed something that would allow us to do end-to-end performance testing and load testing.”

The two firms already had an present partnership and had built-in their instruments earlier than the acquisition — and lots of of its prospects have been already utilizing each instruments, too.

“We are looking forward to joining Tricentis, the industry leader in continuous testing,” mentioned Thibaud Bussière, president and co-founder at Neotys. “Today’s Agile and DevOps teams are looking for ways to be more strategic and eliminate manual tasks and implement automated solutions to work more efficiently and effectively. As part of Tricentis, we’ll be able to eliminate laborious testing tasks to allow teams to focus on high-value analysis and performance engineering.”

NeoLoad will live on as a stand-alone product, however customers will probably see deeper integrations with Tricentis’ present instruments over time, embrace Tricentis Analytics, for instance.

Johri tells me that he considers Tricentis one of many “best kept secrets in Silicon Valley” as a result of the corporate not solely began out in Europe (despite the fact that its headquarters is now in Silicon Valley) but additionally as a result of it hasn’t raised quite a lot of enterprise rounds over time. But that’s very a lot according to Johri’s philosophy of constructing an organization.

“A lot of Silicon Valley tends to pay attention only when you raise money,” he instructed me. “I actually think every time you raise money, you’re diluting yourself and everybody else. So if you can succeed without raising too much money, that’s the best thing. We feel pretty good that we have been very capital efficient and now we’re recognized as a leader in the category — which is a huge category with $30 billion spend in the category. So we’re feeling pretty good about it.”



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