Perforce to Acquire BlazeMeter Continuous Testing Platform From Broadcom
For Immediate Release
Acquisition Will Add AI-Driven, Unified, Shift-Left Continuous Testing to Perforce’s Growing Enterprise Application Quality Portfolio
MINNEAPOLIS, SEPT 30, 2021 – Perforce Software (“Perforce”), a provider of solutions to enterprise teams requiring productivity, visibility, and scale along the development lifecycle, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”) and Francisco Partners, announced today that it has agreed to acquire the BlazeMeter Continuous Testing (“BlazeMeter CT”) platform from Broadcom Inc. (NASDAQ: AVGO). Financial terms were not disclosed.
This acquisition builds on Perforce’s growing application quality portfolio, comprised of the industry-standard web and mobile testing platform, Perfecto, and static application security testing products (Klocwork and QAC).
“The addition of BlazeMeter CT reinforces our focus on the application quality market,” said Mark Ties, CEO and President, Perforce. “With Perfecto, our presence in SAST, and now BlazeMeter, Perforce can continue solving the most difficult quality challenges in DevOps for our global customer base. We look forward to working with the talented BlazeMeter team to increase the speed and accuracy of testing, so our customers can deliver innovation faster and with more confidence.”
BlazeMeter CT is a complete, integrated, continuous testing platform built on and fully compatible with open source. Used by some of the largest global enterprises, BlazeMeter CT provides a single solution for application quality for all teams across the CI/CD pipeline. The SaaS-based platform is a Gartner Peer Insights Customers’ Choice for Software Test Automation.
BlazeMeter CT is built on BlazeMeter, a preferred solution for load and performance testing, and includes additional, unified functionality including API testing and monitoring in a single unified platform which allows organizations to speed digital transformation, by shifting testing left, and right.
“We have long admired BlazeMeter CT and believe its developer-oriented and open-source SaaS platform sets it apart from other continuous testing providers,” said Paul Huber, Principal at Clearlake, and Evan Daar, Principal at Francisco Partners, in a joint statement. “The addition of BlazeMeter CT further enhances the capabilities Perforce can offer to its valued customers and we look forward to leveraging this opportunity to drive accelerated growth for the platform.”
"This is a great opportunity for BlazeMeter to join forces with Perforce, where it will benefit tremendously from the widespread community support and broad open-source development partner ecosystem that Perforce is known for," said Serge Lucio, vice president and general manager, Enterprise Software Division, Broadcom. "We are proud of the accomplishments this team has made in building this exceptional product and expect this transition to help BlazeMeter and its customers flourish and grow in the broader market. Combined with Perforce strengths in mobile testing, its focus on the DevOps ecosystem, and its broad portfolio of developer and tester focused solutions, we believe BlazeMeter will be in an ideal position to further execute on its vision.”
“Customer engagement has gone almost completely digital requiring organizations to deliver stellar customer experiences to remain competitive,” said Tim Russell, Chief Product Officer, Perforce. “The addition of the BlazeMeter Continuous Testing platform expands our solution enabling organizations to accelerate the delivery of quality experiences.”
Completion of the acquisition is subject to customary closing conditions, and the transaction is expected to close in October 2021.
To learn more about the BlazeMeter Continuous Testing Platform visit www.BlazeMeter.com.
Broadcom Inc. (NASDAQ: AVGO) is a global technology leader that designs, develops and supplies a broad range of semiconductor and infrastructure software solutions. Broadcom’s category-leading product portfolio serves critical markets including data center, networking, enterprise software, broadband, wireless, storage and industrial. Our solutions include data center networking and storage, enterprise, mainframe and cyber security software focused on automation, monitoring and security, smartphone components, telecoms and factory automation. For more information, go to https://www.broadcom.com.
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