CA Technologies (NASDAQ:CA) has signed a definitive agreement to acquire Israeli company BlazeMeter, which has developed open source-based continuous application performance testing. Terms of the agreement were not disclosed although media reports suggest the acquisition was for about $100 million. The transaction is expected to close by year end.
CA Technologies said that the acquisition of BlazeMeter, which has offices in Tel Aviv and Palo Alto, would enable it to extend its DevOps portfolio. BlazeMeter will integrate with CA’s continuous delivery solutions to improve testing efficiency and accelerate the deployment of applications.
CA Technologies president and chief product office Ayman Sayed said, “BlazeMeter has redefined performance testing with its simplicity, fast-deployment SaaS model, and rapid time-to-value. The acquisition will reinforce our leadership position in continuous testing, and our efforts to democratize performance testing as organizations accelerate their DevOps journey to drive speed and quality in the delivery of new software updates and innovations.”
BlazeMeter, which was founded in 2011 by CEO Alon Girmonsky, raised $6.5 million in a series A financing round in 2014 from Glilot Capital Partners and YL Ventures GP Ltd. The company has raised just $11 million since it was founded so the acquisition will bring handsome returns for investors.
Girmonsky said, “Developers and performance engineers want to achieve superior test coverage by using open source tools and tools that can integrate well into the developer ecosystem. Joining forces with CA Technologies will enable BlazeMeter to continue developing our technology while enjoying the vast resources of CA Technologies to better serve our customers.”
Published by Globes [online], Israel business news - www.globes-online.com - on September 21, 2016
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