NorthEdge-backed Catalis acquires Whyttest
NorthEdge Capital and Vespa Capital portfolio company Catalis has acquired Whyttest, a quality assurance testing company for video games.
The subsidiary has been acquired through Catalis's division Testronic, which provides testing and quality assurance services for the games, virtual reality, film and television industries.
Marius Potirniche, the founder of Whyttest, has become a senior executive within the Testronic team. Testronic is also broadening the responsibilities of two executives, appointing Erik Hittenhausen as chief service officer, and Mike Betti as chief revenue officer.
NorthEdge Capital invested in Catalis in a deal valuing the company at £89.8m. Unigestion, Pathway and MLC also participated in this acquisition, while Vespa Capital remains an investor in the company following its equity injection in 2014. Tosca Debt Capital provided £15m in a senior debt facility to support the acquisition.
Since the investment, Catalis has acquired Runner Duck, a games development studio. The group is looking at further growth, both organically and via acquisitions, according to a statement.
Company
Whyttest provides video game and software quality assurance testing and customer support services. It employs 150 people in two locations in Romania and Serbia. It is based in Bucharest and was founded in 2014.
People
Whyttest – Marius Potirniche (founder).
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