It’s a $43 million name change (along with some other stuff, too).
The Framingham software testing company uTest raised $43 million in venture capital led by Goldman Sachs, and will change its name to Applause. So far, the company that launched in 2008 has raised $80 million. Indeed, it’s a number big enough to justify the new name.
UTest also plans to add new products in the coming months, and continue expanding overseas. The company’s testing services are used by Google, Amazon, and Microsoft to test Web and mobile apps under real-world conditions.
“Funding on this scale, and from a leader like Goldman Sachs, will help us broaden these services, and incorporate tools that enable companies to achieve 360-degree app quality,” said uTest chief executive Doron Reuveni in a statement announcing the deal.
The company has grown fast. In 2012, uTest acquired a mobile app company called Apphance. And last year, uTest landed the No. 8 spot on Forbes’ “Most Promising Companies” list. After taking on the Applause brand this year, the next milestone for uTest appears to be an initial public stock offering as early as 2015.