Houlihan Lokey Advises Neotys

Houlihan Lokey is pleased to announce that Neotys SAS has been acquired by Tricentis Corp. The combination expands Tricentis’ continuous testing platform with best-in-class performance testing capabilities to support enterprise applications. The transaction closed on March 30, 2021.

Neotys is a developer of NeoLoad, the leading performance testing platform on the market for enterprises looking to verify application response time, availability, and scalability for mobile, web, and packaged applications. NeoLoad provides testers and developers with automatic test design and maintenance, the most realistic user behavior simulation, fast root cause analysis, and built-in integrations with the entire DevOps toolchain. The company serves over 600 enterprise customers, including BNP Paribas, Dell, Lufthansa, McKesson, and Verizon, from its corporate headquarters in the south of France, offices outside of Boston, and other locations globally. Investors in Neotys include Ardian Growth and BPI.

Tricentis, a portfolio company of Insight Partners, is the global leader in enterprise continuous testing, widely credited for reinventing software testing for DevOps, cloud, and enterprise applications. The Tricentis AI-based, continuous testing platform provides a new and fundamentally different way to perform software testing—an approach that’s completely automated, fully codeless, and intelligently driven by AI. It addresses both agile development and complex enterprise apps, enabling enterprises to accelerate their digital transformation by dramatically increasing software release speed, reducing costs, and improving software quality. Tricentis has been widely recognized as the leader by all major industry analysts, including being named the leader in Gartner’s Magic Quadrant five years in a row. Tricentis has more than 1,800 customers, including the largest brands in the world, such as McKesson, Accenture, Nationwide Insurance, Allianz, Telstra, Rockwell Automation, Moët Hennessy Louis Vuitton (LVMH PCIS), and Vodafone.

As organizations grapple with the increased number of cloud-native, mobile, and enterprise packaged applications, the need for an integrated, end-to-end approach to test automation has never been greater. With this acquisition, Tricentis will further expand its AI-driven, end-to-end continuous testing platform to offer the most comprehensive testing solution to accelerate software delivery and innovation. NeoLoad will be added to the Tricentis portfolio, giving customers an enterprise-grade performance testing solution with the broadest coverage of enterprise packaged applications, including SAP, Salesforce, Oracle, Microsoft, ServiceNow, Snowflake, and Workday.

Houlihan Lokey served as the exclusive financial advisor to Neotys and assisted in structuring and negotiating the transaction on behalf of the company.