Advised on Sale of CompanyTechnology
Acquired 100% of Business Operations
Advised Vector Software, a market leading provider of dynamic automated test tools for embedded software, on its sale to German software Vektor Informatik.
Vector Software, founded in 1990 by John Paliotta and Bill McCaffrey, is the leading provider of dynamic automated test tools for embedded software applications in industries with safety and validation requirements such as automotive, aerospace, industrial IoT, medical devices and railway. The VectorCAST environment enables software development teams to easily automate complex testing tasks to improve software quality and reliability and accelerate time-to-market release cycles. Vector Software has more than 300 customers, approximately 125 of which have annual revenues exceeding $1.0 billion.
Vector Informatik, a German-based specialist for the development and testing of automotive electronics, has extensive experience in providing system and functional testing solutions for automotive ECUs and distributed embedded systems. This acquisition grows that testing portfolio by adding VectorCAST, a code-centric software testing solution that is used extensively in the verification of software with high quality and safety requirements. In addition, the merger will extend Vector Informatik’s engagement with industries beyond the automotive market.
Thomas Riegraf, Managing Director of Vector Informatik, added, “This acquisition is a major building block of Vector’s strategy to offer a comprehensive solution for the automated testing of embedded and connected systems. We already have started working to link and integrate the products of both companies. Our joint teams are highly motivated to add tangible functionality across all Vector testing products over the next years.”