Francisco Partners Acquires SmartBear, a provider of software quality tools for teams
Summary
Francisco Partners, a global technology-focused private equity firm, acquired a majority stake in SmartBear, a Somerville, MA-based provider of software quality tools for teams.The amount of the deal was not disclosed.The investment aims to support the company’s growth efforts.Led by Justin Teague, CEO, SmartBear provides software developers with tools for API testing, UI testing, code review and performance monitoring across mobile, web and desktop applications.The acquisition by Francisco Partners marks a transition in lead investors from SmartBear’s original 2007 investor, Insight Venture Partners.
Classifications
industries
No industries detected
applications
AI & Machine learning
AskAI Classifications
Labels
Software Testing Tools
API Testing Software
Automated Testing Solutions
Linked Companies
SmartBear Software Inc
$50M to $100M