International law firm Osborne Clarke has advised Global App Testing, a global web and app testing platform to the software development community, on its investment from FPE Capital LLP ("FPE"), a specialist growth investor focussed on the software and services sectors.
The capital will allow the founders Ronald Cummings-John and Owais Peer alongside their management team to further accelerate the company's existing strong growth following an earlier stage investment.
Founded in 2013, Global App Testing combines a proprietary autonomous testing platform with an intelligent crowd testing network to deliver fast, accurate bug testing to QA and Development teams at hundreds of leading brands including Google, Microsoft, General Electric and Booking.com. Operating in a large and growing market for software crowd testing, which is estimated to be US$1.3bn globally and forecast to grow at 17% p.a. to 2026, Global App Testing has seen 50% growth in ARR in recent years.
Mathias Loertscher, Partner at Osborne Clarke, said: "We have been working with Global App Testing for several years and were delighted to support Ronald, Owais and the team on their partnership with FPE as the company enters the next stage of its journey."
Owais Peer, Co-Founder at Global App Testing, said: "We're delighted to have had the support of working with the team at Osborne Clarke on our recent round of investment. We've worked with Mathias and his team on previous transactions and I'm looking forward to continuing the partnership."
The Osborne Clarke team was led by Partner Mathias Loertscher who was supported by Senior Associate Rav Sagar, Associate Rachel Barbour and Trainee Solicitor Emily Flitterman. The team also included Partner Alistair Francis, Associate Director William Nicolson and Associate Matt Mayes (private equity); Senior Associate Lara Flynn and Associate Isabel Boyce (employment); Senior Associate Rhiannon Jones (incentives).
Osborne Clarke has a market-leading practice for mid-market tech M&A and private equity and works closely with founders, management teams and institutional investors to support them through the course of a company's life-cycle and its milestone transactions.