GTCR invests $1.33B in Tricentis testing software
What's the deal? In November 2024 , GTCR agreed to invest $1.33 billion in Tricentis, the continuous testing and quality-engineering software company headquartered in Austin, Texas. The transaction valued Tricentis at about $4.5 billion (enterprise). Insight Partners, the prior majority owner since 2017, remains a significant shareholder; GTCR and Insight each take equal board representation.
Context Tricentis provides automated software quality testing for enterprise applications (including ERP). Dealroom records the GTCR investment as growth equity (non-VC) with GTCR as lead. Official materials cite more than $425 million projected 2024 ARR and roughly 27% year-over-year growth.
