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Oct 22

LIVINGBRIDGE TO EXIT SOFTWARE TESTING CONSULTANCY

2020-10-22
Created: October 17, 2020

By Matthew Ord

Livingbridge in Manchester has agreed the sale of a quality engineering and software testing consultancy. The firm established Ten10 in 2015, having identified the potential to “create a market leader” in the sector by acquiring and merging two existing companies; Centre4Testing and The Test People. Since then, it has expanded to employ more than 250 staff across offices in London, Leeds and Raleigh, US.

Ten10 operates through three services lines: Ten10 Consulting, Ten10 Academy and Ten10’s Hybrid Teams.

Luke Bray of Livingbridge said: “During the past five years, we have driven the transformation of Ten10 through M&A and an organic growth strategy, turning it into a leading software quality engineering business that is well positioned to continue growing and building market share.

“We wish Chris and the team every success over the coming years.”

Shaw added: “It has been a pleasure to work with Livingbridge to develop Ten10’s extraordinary potential.

“With Livingbridge’s support, we have rapidly grown to become a market leader that is seen by our customers as a trusted partner thanks to the quality of our people, our technology and our reputation for technical and Agile expertise.”

Principal advisers on the exit for Livingbridge included Alantra (Steve Currie, Simon Roberts, Dave Belli and Joe Carpenter) and Pinsent Masons LLP (Amie Norris, Lisa Early).

GCA Altium’s Manchester team advised Graphite Capital on the acquisition.

Oliver Vaughan, managing director at GCA Altium, said: “It was a pleasure working alongside the Graphite team in supporting Ten10 management on its next growth phase.

“The company’s highly regarded academy and consultant proposition is well positioned to capitalise on the vast market opportunity ahead of it.”

https://www.insidermedia.com/news/north-west/livingbridge-to-exit-software-testing-consultancy

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