This site uses cookies to ensure the best viewing experience for our readers.
Private Equity Firm Bridgepoint Buys Controlling Stake in Software Testing Company Qualitest

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

The financial terms of the deal were not disclosed; a source said it was valued at $420 million, representing a quintuple yield on Marlin’s investment

Hagar Ravet  :  2019-07-10T14:11:15..
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.

For daily updates, subscribe to our newsletter by clicking here.

 

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.

Qualitest Israel Managing Director Tali Shem-Tov. Photo: Shai Oknin Qualitest Israel Managing Director Tali Shem-Tov. Photo: Shai Oknin Qualitest Israel Managing Director Tali Shem-Tov. Photo: Shai Oknin
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.  
share on facebook share on twitter share on linkedin share on whatsapp share on mail

TAGS