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Worksoft Acquires Ai-Powered Saas Test Automation Platform Eureqa

May 24, 2022•about 3 years ago

Acquiring Company

Worksoft

Acquired Company

eureQa

AddisonSoftwareHardwareConsumer ElectronicsArtificial IntelligenceScience And EngineeringData And AnalyticsSoftware

Description

Worksoft, leading provider of end-to-end intelligent process automation for complex custom and packaged applications, announced today the acquisition of eureQa, an AI-powered SaaS test automation platform purpose-built for testing digital applications. eureQa’s no-code performance and end-to-end testing of web, mobile, API, database and packaged applications expands Worksoft’s Connective Automation platform capabilities, delivering a comprehensive automation platform to help organizations understand, de-risk and optimize end-to-end business processes.

Company Information

Company

Worksoft

Location

Addison, Texas, United States

About

Worksoft empowers organizations to thrive amid constant change and set new standards for operational excellence. Our AI-driven, codeless automation platform ensures business agility and resilience across complex enterprise application landscapes through its ability to automatically discover, document, and test end-to-end business processes at speed and large scale in pre and post-production environments. Recognized by the world's leading global companies and system integrators as the 'gold standard' for SAP automated testing, Worksoft's automation is embedded into their ERP practices to support Agile, DevOps, and SAFe methodologies and accelerate digital transformations.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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