Sale of Global Software Testing Services Provider to Leading Private Equity Firm
LONDON – September 28, 2016 – Mooreland Partners, the leading independent investment bank providing M&A and private capital advisory services to the global technology industry, today announced that it acted as the exclusive financial advisor to QualiTest on its sale to Marlin Equity Partners. The sale of QualiTest further strengthens Mooreland Partners’ position as a leading global M&A advisor on cross-border, private equity transactions in the Enterprise Software & Services sector.
Headquartered in Tel Aviv, Israel, QualiTest is the world’s second largest pure-play software testing and quality assurance specialist, with additional offices in the US, the UK and India. The company offers managed testing services to large global enterprises in the technology, telecom, healthcare, finance, defense, media, utilities and retail industries. QualiTest designs and delivers contextualized solutions to meet customers’ business requirements, using unique testing-focused IP, products and methodologies that leverage deep industry-specific understanding with technology-specific competencies.
“The partnership between the QualiTest management team and Marlin marks the start of an exciting phase for the Company that is poised to deliver strong international growth and success,” said Patrick Seely, Managing Director, Mooreland Partners.
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm invests in businesses across multiple industries and is focused on providing corporate parents, shareholders, and other stakeholders with solutions that meet their business and liquidity needs.