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Tricentis Acquires Codeless Mobile Test Automation Platform Waldo

Jul 07, 2023•over 2 years ago

Acquiring Company

Tricentris

Acquired Company

Waldo

AustinBrooklynSoftwarePrivacy And SecurityGovernment And Military

Description

Tricentis, a global leader in continuous testing and quality engineering, announced today the acquisition of Waldo, a SaaS-based, no-code, zero-footprint mobile test automation platform. Waldo complements and extends Tricentis’ mobile testing offerings with new test automation capabilities, including native, hybrid, and web mobile application testing using virtual devices supporting iOS simulators and Android emulators.

Company Information

Company

Tricentris

Location

Austin, Texas, United States

About

Tricentris is the largest recycling cooperative in Québec. They focus on providing sustainable recycling services across various municipalities. Tricentris aims to innovate and expand recycling efforts while collaborating with local companies. Their commitment to eco-friendly practices makes them a prominent player in the waste management sector.

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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