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Test IO

Company


Owners:
EPAM Systems

Content

Owners

Test IO — developer of the cloud (SaaS) platform for a kraudtesting. It allows software developers to test the products with attraction of a wide range of persons online. The company claims that the solution can cut down expenses on testing of software on 80% and time of testing — for 50% and more.

The head office Test IO is located in Berlin. Also the company has an office in California.

The Test IO company was founded by Tommy Gruderich and Jan Schwenzien who continue to work in it. Frederik Fleck, Carsten Lebtig and Turn/River Capital fund acted as early investors.

History

2019: Epam purchased Test IO for $17 million

At the beginning of December, 2019 it became known of sale of Test IO of Epam company for $17.3 million. Other details of the transaction are not disclosed.

As the CEO of Test IO Philip Soffer reported in the blog, at the first acquaintance to EPAM struck it that heads of this company - the CEO and founder Arkady Dobkin and the head of department of development Victor Dvorkin, being owners of business worth $11 billion spent several hours for communication with it.[1]

Notes