19.8.2019

Bitbar – Sale of Bitbar Technologies to Francisco Partners backed Smartbear (US)

We acted as the legal advisor to Bitbar Technologies Oy and the sellers, including Inventure, in Bitbar’s sale process. Bitbar Technologies, the leading provider of testing technology for web and mobile applications, was acquired by Francisco Partners backed SmartBear Software Inc, a US software house.

Bitbar is a cloud-based testing platform to automate continuous software delivery. Empowering DevOps teams of all sizes – including Mozilla, WeWork, Google, PayPal, Deutsche Telekom, Square, CBS Interactive, and TomTom. Bitbar Device Cloud is also offered through IBM Cloud as part of its Rational Test Workbench. Bitbar solutions help companies to optimise CI/CD workflows, leverage AI to accelerate the software development lifecycle, and accelerate their transformation into a New Software Organisation.

SmartBear is behind the software that empowers developers, testers, and operations engineers at over 20,000 of the world’s most innovative organisations, including Adobe, JetBlue, MasterCard, and Microsoft. More than 6 million people use SmartBear tools to build, test, and monitor software.

Francisco Partners is a leading global private equity firm which specialises in investments in technology and technology-enabled businesses. With over $14 billion of capital raised to date, Francisco Partners are one of the largest and most active technology-focused private equity firms in the world.