London-headquartered Basis Technologies is a leading provider of DevOps and test automation software for SAP systems. The company just raised $25 million (nearly £18 million) growth equity investment.
Investment from SEP
The investment round in Basis Technologies was led by Scottish Equity Partners (SEP). This investment will help the company to further accelerate product development and increase adoption of its industry-leading software through the expansion of global sales and partnership capabilities. Partnering with SEP, Basis Technologies will support the company to further enhance its proposition to address a $1.5 billion plus per annum global enterprise DevOps for SAP market.
Martin Metcalf, CEO of Basis Technologies said, “We are delighted to have SEP on board as our investment partner to help fuel the continued growth of Basis Technologies. We look forward to working together to expand our product, sales and delivery capabilities and to bring our pioneering DevOps automation solutions to more SAP users across the globe.”
Keith Davidson, Partner at SEP, added, “Basis Technologies is ideally positioned to benefit from the increasing need to adopt DevOps within SAP environments as businesses transition to the cloud and SAP’s new offerings. The company has an excellent reputation, puts its customers first and has significant experience delivering innovative automation software to organisations using SAP. We are pleased to be partnering with the team at Basis to help them achieve their strategic growth goals.”
Works with global enterprise customers
Global enterprise customers use Basis Technologies’ DevOps technology to support the transition from legacy on-premise SAP software to modern cloud-hosted SAP systems. It is used to increase agility through fast and effective delivery of business innovation. The company founded in 1997 provides the only complete automated DevOps and testing platform engineered for SAP.
Already, it serves global enterprise customers including BP, Procter & Gamble and Booking.com. It helps them to accelerate time to market, adopt new development methods and increase productivity. Also, employs more than 70 people with headquarters in the UK and additional offices in the US, Australia, Germany and Hungary.