US software company Rogue Wave Software acquired Zeroturnaround, a software developer established in Estonia, informs LETA/BNS.
Rogue Wave Software announced it acquired the Java developer tool provider Zeroturnaround which has more than 65,000 active users in more than 90 countries.
“Today’s announcement builds on our commitment to improving our developer toolset, and to our core mission of simplifying development complexity, improving application quality and shortening cycle times. Zeroturnaround is unparalleled in the ability to improve Java development, and make developers more productive and happier,” Rogue Wave CEO Brian Pierce said in a press release.
The price of the transaction was not disclosed.
Members of Zeroturnaround’s board and its former owners are Toomas Romerand Jevgeni Kabanov.
In 2016 the revenue of Zeroturnaround AS was 20.1 million euros and loss 383,000 euros, while in 2015 its loss totaled 3.5 million euros.
