Investment Summary

GTCR and Insight Partners Invest In Tricentis

On November 26, 2024, private equity firm GTCR and venture capital firm Insight Partners invested in software company Tricentis

Investment Highlights
  • This is GTCR’s 11th and Insight Partners’ 37th transaction in the Software sector.
  • This is GTCR’s 138th and Insight Partners’ 72nd transaction in the United States.
  • This is GTCR’s 10th and Insight Partners’ 5th transaction in Texas.

Investment Summary
Date 2024-11-26
Target Tricentis
Sector Software
Investor(s) GTCR
Insight Partners
Deal Type Growth Capital
Advisor(s) Evercore Group
J.P. Morgan Securities
BofA Securities (Financial)

Target

Tricentis

Austin, Texas, United States
Tricentis provides all aspects of software testing and software quality assurance. The flagship product TOSCA Testsuite enables companies to test and assess business-critical enterprise applications with unprecedented effectiveness and efficiency. It has a global presence in Austria, Australia, Belgium, Denmark, Germany, India, Netherlands, Singapore, Switzerland, Poland, United States, and the UK. Tricentis was founded in 1997 and is based in Austin, Texas.

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Investor(S) 2

Investor

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 143 of 143
Sector (Software) 11 of 11
Type (Growth Capital) 11 of 11
State (Texas) 10 of 10
Country (United States) 138 of 138
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 TranZact

Fort Lee, New Jersey, United States

TranZact specializes in addressing consumers' insurance needs through our comprehensive direct-to-consumer marketing, sales, servicing, and technology capabilities. TranZact was founded in 1997 and is based in Fort Lee, New Jersey.

Buy $632M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 AssuredPartners

Orlando, Florida, United States

AssuredPartners is a full-service insurance broker, offering property and casualty and employee benefits insurance products and services to middle-market businesses, public institutions, and high-net-worth individuals. AssuredPartners was founded in 2011 and is based in Orlando, Florida.

Sell $13.5B
Investor

Insight Partners

Investor Investor Investor Investor Investor

Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 90 of 91
Sector (Software) 37 of 38
Type (Growth Capital) 23 of 23
State (Texas) 5 of 5
Country (United States) 72 of 72
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-15 WorkForce Software

Livonia, Michigan, United States

WorkForce Software provides enterprise clients with software solutions to manage employee time and labor schedules, control and manage employee absences, create employee schedules, and track employee compliance. WorkForce Software was founded in 1999 and is based in Livonia, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Cosmo Tech

Lyon, France

Cosmo Tech is an AI simulation software company for optimizing enterprise decision-making and business performance. Cosmo Tech was founded in 2010 and is based in Lyon, France.

Buy -
Mergr

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