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Osborne Clarke advises test IO on acquisition by EPAM Systems


Written on 24 July 2019

International legal practice Osborne Clarke has advised test IO on its acquisition by EPAM Systems. The parties have agreed not to disclose the investment amount.

test IO offers a SaaS crowdtest platform that enables software development teams to deliver higher quality software faster and more flexibly. The platform allows apps to be tested in real time by real people on real devices during the entire development cycle. test IO has managed to reduce costs by less than 80% and test time by 50% or more. The company’s global testing community ensures 24/7 on-demand availability and coverage across all major devices, operating systems and languages. test IO was founded in 2011 and is headquartered in Berlin, Germany, with an office in Oakland, California.

EPAM Systems is a leading global provider of digital platform engineering and software development services, providing specialized technology solutions to many of the world’s leading companies. The company focuses on innovative and scalable software solutions that deliver results based on industry standards and customized technologies, tools and platforms to address business challenges. The focus is primarily on the financial services, travel and consumer, software and high-tech, life sciences and healthcare industries.

An Osborne Clarke team led by corporate and venture capital Partner Nicolas Gabrysch advised test IO on the investment. The team included Konstantin Ewald, Rudolf Hübner, David Plitt and Mattis Aszmons.

 

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Rudolf-Matthias Hübner

Partner, Fachanwalt für Steuerrecht, Germany

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Dr. David Plitt, LL.M.

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Mattis Aszmons

Senior Associate, Fachanwalt für Arbeitsrecht, Germany

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