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| VIEW EVENT INFORMATION: uTest |
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UTest Acquires German’s Testhub |
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About the organization UTest:
Type: Business
Sub-Types: Computer, Computer Software, Application Software, Telecommunication, Telecommunication Software |
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Notable Organizations: UTest, Techcrunch
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| The crowdsourced app testing startup formerly know as uTest, which is rebranding to Applause and earlier this year took in a $43 million Series E funding injection led by Goldman Sachs, has just spent some of that warchest on acquiring German rival Testhub to strengthen its hand in Europe — in a multimillion dollar deal.
The exact price of the acquisition is not being confirmed, but it’s described as a combination of cash and equity. As part of the deal Berlin Technologie Holding (BTH) is becoming a strategic investor in Applause – and will also serve as an advisor, and help the company expand its customer base in the local market. |
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