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Perforce snaps up Israeli software testing firm Perfecto Mobile for $200M
DevOps solutions provider Perforce Software Inc. today announced it has acquired Israeli software testing company Perfecto Mobile Ltd. to beef up its mobile and web automation testing service.
Although the price of the deal wasn’t disclosed, Globes reported that the deal was priced at $200 million. The same report noted that the acquisition price is down from a valuation of $380 million for the company when it last raised capital in 2015.
Founded in 2006, Perfecto offers enterprise-grade automated mobile and web application testing solutions. The company’s Continuous Quality Lab is claimed to enable DevOps teams to accelerate development, achieve continuous testing and monitoring and drive fast feedback through actionable analytics for web, mobile and “internet of things” applications.
“The digital transformation is driving accelerated adoption of DevOps and its activities such as continuous integration, test automation and continuous delivery to more quickly capture and engage customers online,” Eran Yaniv, Perfecto’s co-founder and chief executive officer, said in a statement. “Our Continuous Quality Lab enables enterprises to remove bottlenecks and rapidly validate and deliver mobile and web applications that engage their customers.”
Perfecto said it has about 3,000 customers across banking, retail, telecommunications and insurance.
For Perforce, the acquisition will augment its existing software portfolio with additional capabilities for enterprise DevOps teams to achieve continuous testing at scale.
“Enterprises continue to need more automation to both scale and accelerate their application delivery,” Perforce Chief Executive Officer Mark Ties noted. “Perfecto adds a critical component to our DevOps capabilities allowing Perforce to deliver more value for large enterprise customers that value scalability and security.”
The acquisition is Perforce’s fifth acquisition in the past two years, including Seapine Software Inc. in November 2016.
Perfecto had raised $84.9 million. Investors included Technology Crossover Ventures, FTV Capital, Carmel Ventures, Globespan Capital Partners and Vertex Venture Israel. The deal is expected to close before the end of year.
Image: Perfecto
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