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  5. SmartBear Acquires Bitbar Technologies

M&A Deal Summary

SmartBear Acquires Bitbar Technologies

On August 29, 2019, SmartBear acquired internet software and services company Bitbar Technologies

Acquisition Highlights
  • This is SmartBear’s 4th transaction in the Internet Software and Services sector.
  • This is SmartBear’s 1st transaction in Finland.

M&A Deal Summary
Date 2019-08-29
Target Bitbar Technologies
Sector Internet Software and Services
Buyer(s) SmartBear
Deal Type Add-on Acquisition

Target

Bitbar Technologies

Helsinki, Finland
Bitbar Technologies is a provider of advanced mobile app test automation platform and device cloud. Bitbar solutions help companies to optimize CI/CD workflows, leverage AI to accelerate software development lifecycle, and accelerate their transformation into a New Software Organization. Bitbar Technologies was founded in 2009 and is based in Helsinki, Finland.

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Buyer(S) 1

Buyer

SmartBear

Somerville, Massachusetts, United States
Category Company
Founded 1999
Sector Software
Employees170
DESCRIPTION

SmartBear is a software testing tools company that provides quality and performance management solutions used by more than one million software development and operations professionals worldwide. SmartBear was established in 1999 and is headquartered in Somerville, Massachusetts.

DEAL STATS #
Overall 10 of 16
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 9 of 13
Country: Finland M&A 1 of 1
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-25 Cucumber

Edinburgh, United Kingdom

Cucumber Ltd. is a provider of an open source and commercial collaboration tools combine with world-class training and consulting to take your engineering teams’ performance to another level. Cucumber is based in Edinburgh, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 TM4J - Test Management for Jira

London, United Kingdom

TM4J - Test Management for Jira is a QA and test management app in Jira for enterprise teams.

Buy -
Mergr

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