![]() ![]() “That’s where load and performance testing comes in and that’s why we acquired Neotys. “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 noted. That’s what allowed us to go from $6 million in recurring revenue eight years ago to $200 million this year.” “Our core differentiator was the fact that we were a low-code, model-based automation engine. “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 said. Now, as even traditional enterprises move to DevOps and release code at a faster speed than ever before, testing is becoming both more important and harder for these companies to implement. Early on, Tricentis introduced a low-code tool that made the automation process both easier and resilient. These include BNP Paribas, Dell, Lufthansa, McKesson and TechCrunch’s own corporate parent, Verizon.Īs Tricentis CEO Sandeep Johri noted, testing tools were traditionally script-based, which also meant they were very fragile whenever an application changed. Today, it has about 600 customers for its NeoLoad platform. France-based Neotys launched in 2005 and raised about €3 million before the acquisition. The two companies did not disclose the price of the acquisition. ![]() Today, Tricentis announced that it has acquired Neotys, a popular performance testing service with a focus on modern enterprise applications and a tests-as-code philosophy. In 2017, the company raised a $165 million Series B round led by Insight Venture Partners. The software testing company with a focus on modern cloud and enterprise applications was founded in Austria in 2007 and grew from a small consulting firm to a major player in this field, with customers like Allianz, BMW, Starbucks, Deutsche Bank, Toyota and UBS. If you don’t develop software for a large enterprise company, chances are you haven’t. If you develop software for a large enterprise company, chances are you’ve heard of Tricentis. ![]()
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