Skip to main content

Exponent today announced that it has reached an agreement to make an investment into TestingCo B.V. (“TestingCo” or “the Company”), the leading independent software testing platform in the Netherlands. Exponent will support the existing management team, led by CEO Vincent Verhelst, to continue delivering on TestingCo’s ambitious agenda.

TestingCo provides comprehensive software testing and quality engineering solutions for its long-term, blue-chip clients and their mission-critical systems. TestingCo consists of the Bartosz, Squerist and PTWEE labels, whose distinct identities are underpinned by their shared reputation for excellence and quality, as well as their employee-first approach.

This investment is another example of Exponent's focus on backing entrepreneur-led businesses and further builds on the firm's expertise in the professional services sector, following its investment in companies including Isio and Xeinadin. TestingCo also further expands Exponent's presence in the Netherlands, following the firm's establishment of an office in Amsterdam in 2021 and building on the successful investments in Greetz, Pokon and albelli-Photobox Group.

Jeroen Regeur and Tim Easingwood of Exponent will join TestingCo's board. Existing investor, Green Park Investment Partners, will continue as a shareholder and have a seat on the board.

Jeroen Regeur, Partner at Exponent, commented: “The software testing market is growing globally, supported by increasing complexity of software systems and applications, new technologies, and accelerated digital transformation, and the Dutch market stands out as one of the most mature and sophisticated. We are excited to be partnering with TestingCo and its management, whose reputation for being the thought leader in the industry and whose focus on putting the employee first is truly differentiated.”

Vincent Verhelst, CEO of TestingCo, said: “TestingCo distinguishes itself in the market with a true employee-first strategy and operational model to deliver the best results for our loyal and growing client base. Exponent is an investor with extensive experience that understands the value of our company culture and innovative mindset, so we are delighted to be partnering together. Our focus will be on further expansion of the platform in the Netherlands, retaining our best-in-class talent and maintaining the superior quality standards of our services.”

The transaction remains subject to regulatory approvals.