LOS ANGELES, February 25, 2019 – Marlin Equity Partners (“Marlin”) is pleased to announce that it has completed a majority recapitalization of and growth investment in Worksoft, Inc. (“Worksoft”), a leading provider of an end-to-end, continuous test automation platform for packaged applications. The company’s solutions enable enterprise customers to conduct automated business process discovery, test creation and execution, analytics and documentation of cross-application workflows that support mission critical processes.
“Digital transformation has enabled vendors across a wide range of industries to improve product offerings, drive deeper engagement with customers and optimize selling and marketing efforts, but has also demanded these enterprises modernize their core business application environments to keep pace. This transformative shift to modern platforms has made the discovery, test creation and automation of business processes mission-critical” said Lee Constantino, CEO of Worksoft.
“Worksoft’s leadership in continuous test automation positions the company as a key constituent for modern enterprise IT to address the heightened demands for speed and quality in the current environment of digital transformation. We recognize Worksoft is at the forefront of a technological shift and are excited to partner with the management team to help them capture a broader share of the test and process automation markets” said Ryan Wald, a managing director at Marlin.
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $6.7 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 140 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About Worksoft
Worksoft is the industry’s leading continuous test automation platform for enterprise packaged applications, offering a diverse ecosystem of service providers, software integrations and machine learning solutions that enable true end-to-end, unattended automated testing of mission-critical business applications, including SAP, Oracle, Salesforce, Workday, SuccessFactors, ServiceNow and more. The world’s leading global companies turn to Worksoft to achieve unparalleled continuous testing at scale and realize DevOps and Agile initiatives to accelerate their digital transformations. For more information, please visit www.worksoft.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.