The Israeli company provides AI-based and cloud-powered solutions to automate functional and visual testing for software applications.

US private equity investment firm Thoma Bravo today announced that it has made a strategic growth investment in Israeli visual test automation software company Applitools. Thoma Bravo has acquired control of the company while the announcement said that, “co-founders Gil Sever, Adam Carmi and Moshe Milman will retain a significant ownership position in the company.”

Financial details were not disclosed by Thoma Bravo but sources close to the matter say that the deal is worth $300 million including buying the stakes of existing shareholders and injecting new capital into the company.

Read More

Source: Globes

By Ofir Dor