Worksoft Acquired by Marlin Equity Partners

Worksoft, Inc. (“Worksoft”), a leading provider of continuous test automation software, and Marlin Equity Partners (“Marlin”), a global investment firm with over $6.7 billion of capital under management, today announced Marlin’s majority recapitalization of and growth equity investment in Worksoft. Worksoft provides the market’s leading end-to-end continuous test automation platform for packaged applications (e.g. SAP, Oracle, Salesforce and Workday). The company’s solutions enable enterprise customers to conduct automated business process discovery, test creation and execution, analytics and documentation of cross-application workflows that support mission critical processes. Marlin’s investment and operational support will enable Worksoft to rapidly scale its platform and help global enterprises increase the speed, accuracy and coverage of process testing in an increasingly diverse business application landscape.

“Digital transformation has enabled vendors across a wide range of industries to improve product offerings, drive deeper engagement with customers and optimize selling and marketing efforts, but has also demanded these enterprises modernize their core business application environments to keep pace. This transformative shift to modern platforms has made the discovery, test creation and automation of business processes mission-critical” said Lee Constantino, CEO of Worksoft.

“Worksoft’s leadership in continuous test automation positions the company as a key constituent for modern enterprise IT to address the heightened demands for speed and quality in the current environment of digital transformation. We recognize Worksoft is at the forefront of a technological shift and are excited to partner with the management team to help them capture a broader share of the test and process automation markets” said Ryan Wald, a managing director at Marlin.

Shea & Company acted as exclusive financial advisor and Munsch Hardt Kopf & Harr acted as legal advisor to Worksoft. Goodwin Procter LLP acted as legal advisor to Marlin.  Additional terms of the transaction were not disclosed.

Source: globenewswire.com