QA company Testronic has secured “significant” new investment, which it says will be used to “accelerate growth and future-proof its worldwide operations.” It will also use the funding to “strengthen” its leadership team.
Though the company didn’t expand on the specifics of that investment from TDC, a capital partner of global investment firm KKR, it did disclose a restructure that has seen its Madrid and Belgrade offices closed, and the Catalis Group name retired.
While the company also didn’t disclose how many people have been impacted by the closures, a spokesperson told Game Developer that the redundancies equated to 4.8% of its global headcount.
Testronic also stated it had doubled the number of its testers in Manila, and is “sharpening its focus on its Centre of Excellence” in the U.S., Europe, and South East Asia.
There have also been a number of senior hires, including former Meta director Samantha Williams as chief revenue officer, former senior QA exec Lewis Read as VP global partnerships, and former Keywords marketing director Linda Quinn, who joins as global head of marketing.
“This is a pivotal moment for our company. Making changes that affect people is never easy, but these decisions are about strengthening our business for the future,” said CEO Sharon Baylay-Bell. “We are in a very strong financial position, and this refocus allows us to invest more deeply in our Centres of Excellence in the US, Europe and South East Asia. We are recruiting across all three regions, and remain committed to innovation and state-of-the-art technology.
“We can now focus on delivering the services at which we excel – QA Testing and Localization via Testronic, and award-winning 3D and VFX Art via Secret 6. The sale of Curve Games has allowed us to do just that. It has also enabled us to streamline the business to eliminate what had been something of a complicated corporate structure.
“This is a significant stage in our company’s journey. By leveraging our core capabilities and driving innovation, we are well-positioned to create stronger, deeper client partnerships that are player-focused, client-first, and outcomes-led.”
Testronic opened a new “state-of-the-art testing facility” in Manila, Philippines, back in April. Situated in the Mega Tower in Mandaluyong City, Testronic said “the world-class location is designed to ensure the delivery of QA services of the highest quality to clients around the world” and is “fully supported by leading-edge security.”