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Telerik, a provider of tools for project management, collaboration, software development and testing, has acquired Copenhagen, Denmark-based EQATEC.
The acquisition, announced earlier today by EQATEC, is meant to enable Telerik to boost its application development lifecycle solution stack with a software analytics suite.
Financial terms of the deal were not disclosed, but here’s a picture of some seemingly jolly men:
EQATEC offers an on-premise and SaaS-based business intelligence solution that enables cross-platform software application developers to analyze how their users are using their apps in real time.
Its flagship product, EQATEC Analytics, helps them collect essential information like application and individual fearure usage, exception tracking, hardware information, OS data, custom logs and more.
From the company’s online announcement:
“We are excited to announce that EQATEC is now part of the Telerik Family. After spending much time soul searching to determine the best course of action for our company, we realized it was time to become part of a larger organization.
We are now joining a family of over 700 employees in 11 offices on 4 continents.
Although our team will remain fully intact and in Copenhagen, being part of a worldwide organization, such as Telerik will afford us the opportunity to expand our footprint in many ways.”
In a statement given to The Next Web, Telerik says it will retain all EQATEC employees as well as the company’s Copenhagen office, with plans for expansion in the region to boot.
The company also said it will continue offering the products as SaaS as well as on-premise deployments for enterprise customers.
Svetozar Georgiev, co-founder and CEO of Telerik, commented:
“EQATEC Analytics adds an important piece to our ALM stack. Dev teams can now know for sure how their software is used and improve it accordingly. The integration of our two companies aligns perfectly with our vision of the future and long-term strategy for success.”
Telerik is financially backed by private investment firm Summit Partners.
Image credit: Thinkstock
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