Agile Testing Leader QASymphony Raises $40M Series C Led by Insight Venture Partners

Agile Testing Leader QASymphony Raises $40M Series C Led by Insight Venture 
Partners
 
Funding will accelerate product development and global expansion
 
ATLANTA, GA -- (Marketwired) -- 05/18/17 --  QASymphony, the leading
provider of agile testing solutions to the Global 2000, announced
today that it has raised $40M in Series C funding, led by New
York-based venture capital and private equity firm Insight Venture
Partners. 
 
"Over the last five quarters we significantly exceeded expectations
and positioned our company for continued growth," said Dave Keil, CEO
of QASymphony. "Our customers are clearly seeing the impact of our
solutions on their business. Ninety percent say that qTest has
improved software quality in their company and eighty six percent say
it has significantly increased the speed of the testing process. With
this Series C, we plan to aggressively invest in expanding our
product leadership and in growing our global sales, marketing, and
customer success teams to drive greater market share in North America
and Europe."
 
QASymphony was started in 2011 by the founders of KMS Technology, Vu
Lam and Josh Lieberman, two successful technology entrepreneurs with
over 20 years of software development experience. The company has
experienced rapid growth in the past three years as they have tapped
into a large market opportunity and offered a best-in-class solution.
Increasingly, enterprises are moving away from expensive and outdated
legacy software like HP Quality Center to modern solutions like
QASymphony's qTest platform. 
 
QASymphony's enterprise customers include Amazon, Salesforce, Cisco,
Visa, Barclays and Nordstrom. Customers choose qTest because it is
feature-rich, easy-to-use and integrates with popular developer tools
like Atlassian's JIRA, Selenium and Jenkins, enabling teams to
develop high quality software at an agile pace. Below are quotes from
some of QASymphony's Global 2000 customers:
 
"Since adopting qTest, we're 75% to 100% more effective than we were
a year ago. It's night and day. Like we were walking and now we're
driving a Ferrari." 
- Adam Woollacott, QA Lead at Cisco
 
""There have been significant efficiency gains since we made the
switch. qTest is just easier to use than Quality Center, and that
saves us valuable time."
- Bryan Layton, Technical Director at Hexagon Safety & Infrastructure
 
"It has helped us significantly reduce our construction time for the
test cases. We've saved hundreds of hours documenting test cases."
- Dennis Young, Assistant Vice President of QA at American Equity
 
The Series C funding comes on the heels of a transformational year
for QASymphony that saw the company add 210 new customers and achieve
year-over-year revenue growth of over 180%.
 
"We are very excited to add QA Symphony to our growing enterprise
testing portfolio family," said Philip Vorobeychik, Vice President at
Insight Venture Partners. "We believe that this market will grow
rapidly over the next several years, and we are confident that QA
Symphony will emerge as one of the key market leaders in the space.
We are very excited to partner with Dave and his team on their
journey." 
 
About QASymphony
QASymphony is a leading agile software company that provides
enterprise test case management and exploratory testing solutions for
development and QA teams. QASymphony's qTest Platform helps companies
create better software by improving speed, efficiency, collaboration
and analysis during the testing process. The company has over 400
customers across 20 countries including Salesforce, Barclays, Adobe,
Samsung, Verizon and Office Depot. QASymphony was recently selected
by Gartner as a "Cool Vendor in Application Development" and by
Entrepreneur Magazine as one of the "Best Entrepreneurial Companies
in America". The company is headquartered in Atlanta, GA. To learn
more, visit www.qasymphony.com or on Twitter at @QASymphony.
 
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and
private equity firm investing in high-growth technology and software
companies that are driving transformative change in their industries.
Founded in 1995, Insight has raised more than $13 billion and
invested in more than 280 companies worldwide. Our mission is to
find, fund and work successfully with visionary executives, providing
them with practical, hands-on growth expertise to foster long-term
success. For more information on Insight and all of its investments,
visit www.insightpartners.com or follow us on Twitter:
@insightpartners.
 
 
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=3140606
 
 
Media Contact:
Jeff Perkins
CMO
QASymphony
404-219-4720
jeffperkins@qasymphony.com 
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