16.01 2018

Estonians sold ZeroTurnaround

The USA software company Rogue Wave bought Estonian start-up ZeroTurnaround.

The software company ZeroTurnaround which was founded ten years ago offers a product for Java software developers which helps the programmers to save a lot of time.

Rogue Wave mentioned that more than 5,200 companies, including 36 companies included in the Fortune 100 list, use the start-up founded by Jevgeni Kabanov and Toomas Römer.

Rogue Wave did not disclose the sales price in the first announcement.

Brian Price, the Chief Executive Officer of Rogue Wave, emphasised that ZeroTurnaround is unparalleled in the improvement of Java development and their products make the programmers more productive and happier. Pierce also said that simplification of development tools and development process is very important for the American company.

According to Funderbeam that gathers information on start-ups, ZeroTurnaround has a funding of at least 13 million dollars. For example, the investors include Bain Capital, a venture capital entity, and Western Technology Investment. The last time the software company was funded was in July 2015.

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