July 12, 2019
GCA Altium co-advised Marlin Equity Partners on their sale of the majority stake in Qualitest to Bridgepoint
GCA Altium co-advised Marlin Equity Partners on their sale of the majority stake in Qualitest, the world’s largest pure-play outsourced software testing and quality assurance specialist, to Bridgepoint, an international private equity group.
Qualitest, founded in 1997 in Israel and with a service delivery platform that spans the US, the UK, Israel, Romania, and India, offers a wide range of AI-powered quality engineering and testing solutions, deploying engagement models tailored to the precise testing needs of key industries and technology platforms. The company serves some of the most innovative mid- to large-sized brands in the technology, financial services, retail, telecom, healthcare, insurance, aerospace, media and utilities industries.
Brands are increasingly turning to Qualitest to help them navigate a changing software landscape where delivering a superior customer experience has become increasingly dependent on technology and the threat of cyber-attacks and data breaches are ever present. With agile, DevOps, AI, and test automation changing how software is developed and deployed, companies are seeking Qualitest's help to increase release cycle velocity and speed to market. Qualitest's expertise lies in mitigating the business risks associated with software releases. The additional investment will enable Qualitest to grow market share by accelerating its global acquisition strategy, strengthening its product development and investing further in talent.
Jan Fillols, Managing Director of Marlin Equity Partners, said: "Qualitest is an exceptional business which, under our ownership, has become the world's leading pure-play software testing and quality assurance company. With its market leading proposition in an industry experiencing multiple tailwinds we believe it is well positioned for continued success."
Bridgepoint estimates that Qualitest operates in a market that is growing at 13% p.a. driven by the increasing needs of a $32bn global outsourced market where software performance has become more business critical.