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Perforce Software to Buy Mobile Quality Assurance Company Perfecto Mobile for Around $200 Million

Perforce Software to Buy Mobile Quality Assurance Company Perfecto Mobile for Around $200 Million

Israel-based Perfecto has raised some $92 million in investments since it was founded in 2006

Meir Orbach  :  2018-10-08T12:47:00..

Update: U.S.-based software company Perforce Software Inc. has agreed to buy Israeli mobile quality assurance company Perfecto Mobile Ltd. the company announced Monday. The deal values Perfecto Mobile at around $200 million, according to several people familiar with the deal who spoke to Calcalist on condition of anonymity.

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Minneapolis, Minnesota-based Perforce was acquired by private equity firm Clearlake Capital Group in 2017 for an undisclosed sum. Perforce is expected to maintain Perfecto’s activity in Israel, these people said.

Perfecto Mobile CEO and founder Eran Yaniv. Photo: Amit Sha Perfecto Mobile CEO and founder Eran Yaniv. Photo: Amit Sha'al Perfecto Mobile CEO and founder Eran Yaniv. Photo: Amit Sha

Perfecto offers tools for automated quality testing of mobile applications. The company was founded in 2006 and has since raised nearly $92 million in investments, according to Pitchbook data. Among its backers are California-based venture capital firm Technology Crossover Ventures, San Francisco-based growth equity firm FTV Capital, Carmel Ventures, Globespan Capital Partners, and Vertex Venture Israel. Perfecto employs some 300 people, mostly in Israel and in Boston. The company also operates offices in Germany, Mexico, Switzerland, the U.K., France, and Canada.

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In December 2017, Calcalist reported that Perfecto was negotiating the company's sale with several potential buyers.
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