Wednesday, November 25, 2020

Ten10 completes sale to new owners

Ten10, a Leeds-based engineering and software testing consultancy, has completed a sale from its current owners, private equity investors, Livingbridge, to Graphite Capital.

The investment was originally made from Livingbridge’s Enterprise 1 fund. Livingbridge 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, Ten10 has become one of the fastest-growing software testing companies, with over 250 employees and offices in London, Leeds and Raleigh, North Carolina. Its portfolio of blue-chip clients spans the financial, legal, retail, and public sectors.

Luke Bray at 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.”

Chris Shaw, CEO of Ten10, said: “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.”

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