Big news in the world of continuous testing today as continuous testing market leader Tricentis announced it is merging with QASymphony. Tricentis, a leader of continuous testing, is adding QASymphony’s leading testing automation platform to the mix. The full text of the press release is below.
With the worldwide testing market pegged at more than $34 billion, this is a big move in a very big market. Tricentis raised $165 million last year from Insight Venture Partners and has put this money to good use: The QASymphony merger is Tricentis’ latest move. Previously, it acquired Q-Up, in June, and last year acquired Flood IO.
Tricentis’ merger with QASymphony is happening at a time when continuous testing is becoming one of the hottest areas in DevOps. The demand for automated, continuous testing is driving a revolution in the QA market as companies recognize that quality is as important as speed when it comes to deploying new apps. It is a key cog in the modern software factory.
Next Gen platform disrupts the $34B testing services spend and transforms software testing for DevOps
Mountain View, CA— June 20, 2018 — Tricentis and QASymphony announced their agreement to merge under the name of Tricentis. Tricentis’ market-leading Continuous Testing platform has earned the company unanimous “leader” recognition among the top industry analysts. QASymphony is recognized as the industry’s leading test management solution. The combined solution represents the most modern platform for transforming software testing to keep pace with digital transformation.
“Tricentis and QASymphony are both recognized for their innovative testing solutions,” explained Sandeep Johri, CEO of Tricentis. “Tricentis is known for helping enterprises transform testing from a burdensome manual process that delays software delivery into an automated, continuous process that drives ‘quality at speed.’ The addition of QASymphony’s test management solution strengthens our leadership position and builds on our momentum replacing legacy testing tools.”
“Today’s CIOs are responsible for ramping up innovation through accelerated software delivery,” explained Barry Libenson, Global Chief Information Officer at Experian. “Amid this demand for rapid innovation, CIOs are recognizing that software testing often delays their digital transformation goals. In fact, testing is now commonly cited as the #1 bottleneck to delivery speed. When testing lags behind development, the organization is forced to delay their innovation and that’s no longer an option. It’s inevitable that software testing must be transformed to keep pace with Agile development and DevOps.”
“Global 2000 organizations remain locked into legacy testing platforms that were designed decades ago to enable manual testing processes,” explained Dave Keil, CEO of QASymphony. “Scaled agile and enterprise DevOps initiatives have changed the game. Yet, legacy testing technologies such as those by HPE (now Micro Focus) and CA are throttling speed and innovation. QASymphony has experienced triple-digit growth over the past year—allowing us to aggressively invest in our technology, infrastructure and people to meet the emerging needs of our customers.”
QASymphony’s 100+ employees will be joining Tricentis’ 450+ employees. Sandeep Johri will lead the organization as CEO and Dave Keil will assume the role of COO. The combined company will have a global presence with offices in the US, EMEA and Asia. The transaction is expected to close within 90 days. EMBARGO UNTIL WEDNESDAY, JUNE 20, 2018 @ 8:00 AM ET USA
The integration will reflect the commitment to innovation and customer success that both companies share—to learn more, register for the upcoming webinar. Additionally, the company will be showcasing the roadmap and solution at Accelerate 2018 in Vienna.
The market for software testing (recently estimated at $34 billion)1 has reached an inflection point. DevOps adoption is rising rapidly, and both Gartner and Forrester report that transforming testing is a primary factor for DevOps success.2 Yet, software testing remains a predominantly manual activity that delays releases and consumes 30-40 percent of an organization’s application budget3,4 Tricentis Continuous Testing solutions accelerate delivery and free up significant budget that can be reallocated to underfunded innovation initiatives.
Gartner’s Joachim Herschmann and Thomas Murphy report: “As DevOps principles gain significant traction in enterprises, testing and QA is no longer a stage in delivery but an integral DevOps activity that exists in various forms through all areas. Automation has become an indispensable element in these efforts, and there has been renewed focus on software test automation tools as part of a larger toolchain that enables DevOps.”5
With the industry’s No. 1 Continuous Testing platform, Tricentis is recognized for reinventing software testing for DevOps. Through risk-based testing, scriptless end-to-end test automation, and the industry’s most extensive technology support, Tricentis breaks through the barriers experienced with conventional software testing methods. Our innovative technologies simplify testing for even the most complex enterprise applications—transforming testing from a roadblock to a catalyst for innovation. The result is accelerated software delivery speed, improved cost efficiency, and reduced business risk.
Tricentis is the only vendor to achieve “leader” status in all three top analyst reports (i.e., the “Triple Crown.”) This honor is based on our technical leadership, innovation, and a Global 2000 customer base of 800+ companies, including global enterprises such as Allianz, ANZ Bank, Experian, First Data, HSBC, Lexmark, Merck, Sentry Insurance, Starbucks, Telstra, UBS, Vantiv (now WorldPay), Vodafone, and Whole Foods. These customers rely on Tricentis to achieve and sustain test automation rates of over 90 percent—increasing risk coverage while accelerating testing to keep pace with Agile and DevOps. EMBARGO UNTIL WEDNESDAY, JUNE 20, 2018 @ 8:00 AM ET USA
Tricentis has a global presence in Austria, Australia, Belgium, Denmark, Germany, India, Netherlands, Singapore, Switzerland, Poland, United States and the UK. To learn more, visit https://www.tricentis.com or follow us on LinkedIn, Twitter, and Facebook.
QASymphony accelerates digital transformation with software testing solutions that help enterprises prioritize quality, develop reliable software and increase speed to market. The qTest platform streamlines software testing in agile and DevOps environments and centralizes testing efforts across the enterprise. By taking a strategic approach to quality, QASymphony enables enterprises to develop higher-quality software, faster, to better support new business models and customer experiences.
The qTest platform streamlines development workflows by seamlessly integrating testing with leading automation, development and delivery tools including Atlassian’s Jira, CA Agile Central, Github, Selenium, Cucumber, Jenkins and many more. QASymphony is trusted by leading enterprises including Forcepoint, PFSweb, Cisco, Samsung, Verizon and Office Depot.