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Tricentis to acquire Tabnine for AI integration

PRIVATEJul 30, 202610 days ago

Acquiring Company

Tricentis

Acquired Company

Tabnine

AustinWaterlooInformation TechnologySoftwareOtherSoftware

Description

Tricentis has acquired Tabnine to enhance enterprise quality engineering capabilities. The acquisition aims to integrate secure, context-aware AI and advanced testing automation. This move will boost Tricentis's offerings in modern software development.

Company Information

Company

Tricentis

Location

Austin, Texas, United States

About

Tricentis is a global leader in enterprise continuous testing, widely credited for reinventing software testing for DevOps, cloud, and enterprise applications. The Tricentis continuous testing platform provides a new and fundamentally different way to perform software testing. An approach that’s automated, low code, and powered by AI. Tricentis addresses both agile development and complex enterprise apps, enabling enterprises to accelerate their digital transformation by dramatically increasing software release speed, reducing costs, and improving quality. Tricentis has been widely recognized by major industry analysts, including being named the leader in Gartner’s Magic Quadrant for five years in a row. Tricentis has more than 2,100 customers, including the largest brands in the world, such as McKesson, Accenture, Nationwide Insurance, Allianz, Telstra, Dolby, and Vodafone. To learn more, visit https://www.tricentis.com or follow us on LinkedIn, Twitter, and Facebook. 1 Gartner, “Market Guide for AI-Augmented Software Testing Tools,” Joachim Herschmann, Thomas Murphy, Jim Scheibmeir, December 17, 2021. GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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