Private Equity Firm Bridgepoint Buys Controlling Stake in Software Testing Company Qualitest

London-headquartered private equity firm Bridgepoint Advisers Ltd. has acquired a controlling stake in software testing company Qualitest Ltd. from Los Angeles-headquartered private equity firm Marlin Equity Partners, Bridgepoint announced Wednesday.

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The financial terms of the deal were not disclosed, however, one person familiar with the matter who spoke on condition of anonymity told Calcalist, it was valued at $420 million, representing a quintuple yield on Marlin’s investment.

Founded in Israel in 1997, Qualitest provides automated and manual software testing services for companies including Google, Microsoft, and Intel.

QualiTest employs 1,500 people in central Israeli town Petah Tikva, as well as about 1,000 people in additional offices in India, the U.K., Europe, and the U.S.