January 25, 2017

Willkie advises Insight in its $165 million investment in software testing company Tricentis.

On January 23, it was announced that Willkie client Insight Venture Partners has provided $165 million in Series B financing to Tricentis, the Continuous Testing Company for agile enterprise organizations. Tricentis helps more than 400 companies – including HBO, Whole Foods, Toyota, Allianz, BMW, Starbucks, Deutsche Bank, Lexmark, Orange and UBS – achieve software testing automation rates of more than 90 percent. Its integrated software testing solution, Tricentis Tosca, has been proven to achieve 10 times the test-automation efficiency of tools that employ manual scripting.

Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth software, mobile and internet companies that are driving transformative change in their industries.

The Willkie deal team was led by partners Gordon Caplan and Matthew Guercio and included partners Christopher Peters and Michael Katz; counsel Amir Ghavi; associates Matthew Haddad, Adam Remo, Daniel Alster, Christina Mann, Andrea de Vos, Kapiljeet Dargan and Isabel Araujo