SmartBear Adds Enterprise-grade Application Stability & Error Monitoring with Acquisition of Bugsna

SOMERVILLE, Mass. - April 28, 2021 - PRLog -- SmartBear (https://smartbear.com/), a leading provider of software development and quality tools, today announced it has entered into a definitive agreement to acquire application stability management pioneer, Bugsnag (https://www.bugsnag.com/).

Bugsnag's best-in-class, full-stack stability and error monitoring technology is leveraged by industry leaders like Airbnb, Slack, Lyft, and more than 6,000 organizations that prioritize application stability and health in order to continuously deliver high quality software. The addition of Bugsnag further bolsters an award-winning SmartBear offering that supports quality-first initiatives across every aspect of software delivery.

"We are thrilled to add Bugsnag to our portfolio of market-leading solutions," said Frank Roe, CEO of SmartBear. "SmartBear solutions cover the critical areas of design, development, test management and automation, and Bugsnag adds app stability in production environments to our full span of SDLC coverage. This addition amplifies our rapid growth we've seen over the past few years and solidifies the position of SmartBear as the first choice for millions of developers and software teams around the globe."

"We're incredibly excited for this new chapter for our company because with the backing of SmartBear we will be able to continue to address the soaring demand for stable, high quality applications," said James Smith, co-founder and CEO of Bugsnag. "Bugsnag and SmartBear share a common mission to help software teams accelerate the delivery of high quality software, so this coming together is a no-brainer for us and our customers."

"An accelerated shift to DevOps, among other existing digital transformation initiatives, has really taken off over the past year," said Vineeta Puranik, SVP of Engineering at SmartBear. "Those shifts require testing to be performed earlier and by developers alongside testers. Bugsnag empowers development teams to make data-driven decisions around app quality, and the solution's ease of use and seamless integrations make it a perfect fit for the SmartBear portfolio."

The acquisition comes after record, double-digit growth for SmartBear last year as well as the company securing a significant investment from Vista Equity Partners (https://www.vistaequitypartners.com/) in October. Vista is an investor alongside Francisco Partners (https://www.franciscopartners.com/), which acquired SmartBear in 2017.

The transaction is subject to customary closing conditions.

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