Tricentis

Tricentis
Company typePrivate
IndustrySoftware, information technology
Founded2007; 17 years ago (2007) in Vienna, Austria
Founders
  • Wolfgang Platz
  • Franz Fuchsberger
HeadquartersAustin, Texas, US
Key people
Kevin Thompson (CEO)
ProductsTricentis Tosca
qTest
LiveCompare
Flood.io
NeoLoad
ServicesSoftware testing, software quality assurance
RevenueUS$430 million (2023)[1]
OwnerInsight Partners (71%)[2]
Websitetricentis.com

Tricentis is a software testing company founded in 2007 and headquartered in Austin, Texas. It provides software testing automation and software quality assurance products for enterprise software.[3]

History

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Tricentis was founded in 2007 in Vienna, Austria, by Wolfgang Platz and Franz Fuchsberger, extending their previous consulting business into a software company.[4] The company is headquartered in Austin, Texas.[1]

In 2000, Platz developed Tricentis Tosca Explorer, the predecessor to the core component of Tricentis Tosca. By 2006 Tricentis Tosca Commander was developed and launched into the market as the central GUI for the product.[5][6] The product has since been extended to cover risk-based testing, test design, SAP testing, API testing, service virtualization, exploratory testing, load testing, and test data management in addition to GUI testing.[7]

In 2012, Tricentis raised $9 million in early-stage investment from Viewpoint, now part of Kennet Partners.[8] In 2013, Sandeep Johri became the CEO.[8]

In 2017, Tricentis received $165 million in series B funding from Insight Venture Partners.[9][10][11][12][13]

In July 2020, Tricentis entered a partnership with SAP, an enterprise software corporation. Under the partnership, the Tricentis continuous testing platform will be the testing platform for the SAP Solution Extensions program[14] and is being integrated into the SAP Application Lifecycle Management (ALM) portfolio. The Tricentis tools use machine learning algorithms to identify potential integration risks between SAP and third-party applications.[15] They are also used to automate end-to-end testing across SAP and associated applications.[14]

In April 2021, Kevin Thompson became the CEO and chairman of the board.[16]

Acquisitions

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In 2017, Tricentis acquired Flood.io, an on-demand load testing platform.[17][18][19][20][21]

In 2018, Tricentis merged with QASymphony, a test management software company[22] and acquired Q-up test data management.[23]

In 2019, Tricentis acquired IntelliCorp's change impact analysis for SAP product LiveCompare, as well as LiveModel and LiveInterface.[24] Also in 2019, Tricentis acquired TestProject, a community-powered test automation platform.[25] TestProject is built on the open-source test automation tools Selenium and Appium, and uses AI-based matching to automatically analyze applications and recommend add-ons to enhance testing.[26]

In January 2020, Tricentis acquired SpecFlow, which allows developers to define, manage, and execute human-readable tests using behavior-driven development (BDD).[27]

In March 2021, Tricentis acquired Neotys, a performance testing tool for modern and legacy technologies including SAP, APIs, databases, and cloud native apps.[28]

Services

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Tricentis provides international services to several industries including the financial, commerce, insurance, healthcare, telecommunications, logistics and transports, utilities, and software industries.[29]

In addition, it provides training and consulting services in the areas of software quality assurance. These services include programs related to test automation and transformation.[30]

Products

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Tricentis' main products include Tricentis Tosca, qTest, LiveCompare, NeoLoad,[31][32] and Tricentis Test Automation for ServiceNow.[33] Tosca is a continuous testing tool that combines multiple aspects of software testing (test case design, test automation, test data design and generation, and analytics) to test GUIs and APIs from a business perspective.[34] LiveCompare is a change impact analysis tool that uses AI to detect potential risks within SAP ecosystems.[31] NeoLoad is an automated performance testing platform for enterprise organizations continuously testing from APIs to applications. Tricentis Test Automation for ServiceNow is a testing tool that is deployed on the ServiceNow platform.[33]

References

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  1. ^ a b Vinn, Milana (2024-09-13). "Insight Partners explores $4 bln-plus sale of Tricentis, sources say". Reuters.
  2. ^ "Wiener IT-Firma Tricentis fusioniert mit US-Konkurrenten" [Vienna IT company Tricentis merges with US competitor]. Die Presse (in German). 2018-06-20. ISSN 1563-5449.
  3. ^ Cohan, Peter. "Startup Raises $165 Million To Take Microsoft, HPE Customers In $34 Billion Market". Forbes. Retrieved 2020-08-24.
  4. ^ Burtscher, Iris (2019-11-24). ""Ich bin jetzt ein freier Vogel"" ["I am a free bird now"]. Salzburger Nachrichten (in German). ISSN 1563-5473.
  5. ^ "L&T Infotech partners with Tricentis". The Times of India. 2014-02-22.
  6. ^ "L&T Infotech, Tricentis form tie-up". Business Line. 2014-02-21.
  7. ^ DevOps Chat: Continuous Testing with Sandeep Johri, CEO, Tricentis by Alan Shimel, DevOps.com, March 9, 2018]
  8. ^ a b "Austrian software firm raises $165 million to take on HPE and IBM in testing". Reuters. 2017-01-23.
  9. ^ "Tricentis Scoops up Mega Cash to Help Enterprises Test Software" by Ben Kepes, NetworkWorld
  10. ^ "Insight Venture Partners Invests $165 Million in Automated Testing Startup Tricentis" by Ron Miller, TechCrunch
  11. ^ "Austrian software Firm Raises $165 Million to Take on HPE and IBM in testing" by Ron Miller, Reuters
  12. ^ "Tricentis Hauls in huge $165M Funding Round to Automate Software Testing" by Ron Miller, Reuters
  13. ^ "Automated software testing company Tricentis raises $165 million" by Paul Sawyers, Venture Beat
  14. ^ a b "SAP continues continuous testing continuity". ComputerWeekly. Retrieved 2020-08-27.
  15. ^ "SAP Aligns With Tricentis on Continuous Testing". DevOps. 2020-07-30. Retrieved 2020-08-27.
  16. ^ "Tricentis Appoints Technology Industry Veteran Kevin Thompson as CEO". Tricentis. Retrieved 2021-04-21.
  17. ^ Tricentis makes its first acquisition to help developers build more scalable apps, by Maria Deutscher, Silicon Angle July 27, 2017
  18. ^ Tricentis Acquires Flood IO, Scaling Open Source On-Demand Load Testing for DevOps, by Parker Yates, DevOps.com July 27, 2017
  19. ^ Tricentis acquires load testing provider Flood IO, by Christina Cardoza, SD Times July 27, 2017
  20. ^ Automated software testing company Tricentis acquires load-testing platform Flood IO, by Paul Sawers, VenureBeat July 27, 2017
  21. ^ Why Tricentis acquired Flood IO, by Christian Hargrave, App Developer Magazine July 28, 2017
  22. ^ "Tricentis Acquires QASymphony: The Age of Continuous Testing Is Upon Us" by Alan Shimel, DevOps.com
  23. ^ "Tricentis merges with software testing company QASymphony". SD Times. 2018-06-20. Retrieved 2020-08-20.
  24. ^ "Tricentis Adds New Capability for Accelerating Digital Transformation with SAP Applications" by Deborah Schalm, DevOps.com
  25. ^ Orbach, Meir (2019-08-11). "Tricentis Acquires Software Testing Startup TestProject". CTECH. Retrieved 2020-08-20.
  26. ^ "SD Times news digest". SD Times. 2019-08-08. Retrieved 2020-10-01.
  27. ^ "Tricentis acquires behavior-driven development company SpecFlow". SD Times. 2020-01-16. Retrieved 2020-09-21.
  28. ^ "Testing platform Tricentis acquires performance testing service Neotys". TechCrunch. 2021-03-29. Retrieved 2021-04-01.
  29. ^ "Tricentis – Groundbreaking Approach To Automated Enterprise Software Testing". Superbcrew. 2016-02-09.
  30. ^ "An Eye on SMEs: Cash Flow Challenges, Innovation Adoption And Cybersecurity". PYMNTS. 2016-01-25.
  31. ^ a b "How McKesson Ensures Business Continuity While Accelerating Innovation". SAPinsider. 2020-07-14. Retrieved 2020-09-03.
  32. ^ "The Forrester Wave™: Continuous Functional Test Automation Suites, Q2 2020". www.forrester.com. Retrieved 2020-09-03.
  33. ^ a b "Tricentis Extends Testing Reach to ServiceNow Applications". DevOps.com. 2020-09-14. Retrieved 2020-10-06.
  34. ^ Value-Based Coverage Measurement in Requirements-Based Testing: Lessons Learned from an Approach Implemented in the TOSCA Testsuite, 2012 38th Euromicro Conference on Software Engineering and Advanced Applications by R. Ramler, T. Kopetzy, W. Platz, 2012 38th Euromicro Conference on Software Engineering and Advanced Applications October 11, 2012.
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