Insight Partners explores $4 bln-plus sale of Tricentis, sources say
By Milana Vinn
Sept 13 (Reuters) -Private equity firm Insight Partners is exploring a sale of Tricentis, in a deal that it is hoping could value the software provider for developer applications at more than $4 billion, according to four people familiar with the matter.
Insight is working with investment bank Evercore EVR.N to solicit interest from potential buyers, which include other private equity firms, the sources said.
Insight Partners may decide to retain a minority stake in the company, one of the sources said.
The sources cautioned that no sale was guaranteed and spoke on condition of anonymity to discuss confidential information.
Insight, Tricentis and Evercore did not respond to requests for comment.
Tricentis, based in Austin, Texas, provides software that helps enterprise development teams fully automate the software testing process, using artificial intelligence.
The company said it has more than 2,500 customers, including Accenture, Coca-Cola and Nationwide Insurance.
Tricentis generates $430 million in revenue, which it expects to increase by 24% in 2025, according to one of the sources. The business produces nearly $86 million in earnings before interest, taxes, depreciation, and amortization, the source said.
Tricentis was founded in Vienna, Austria in 2007. Insight Partners invested in the company in 2017, leading their $165 million financing round.
Reporting by Milana Vinn in New York; Editing by Lincoln Feast.
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
