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CTG buys crowdtesting provider StarDust; training firm and freelancer platform announce funding rounds in tech roundup

March 03, 2020

StarDust, an IT testing firm based in Marseille, France, was acquired by CTG (NASDAQ: CTG) in a transaction valued at $4.85 million. StarDust’s operations include crowdtesting. Separately, global coding bootcamp operator Le Wagon announced €17 million (US$18.9 million) funding round; and freelancer platform WorkGenius announced a €6.4 million (US$7.1 million) funding round.

Here’s more:

StarDust

Buffalo, New York-based CTG’s acquisition of StarDust is an all-cash transaction valued at approximately $4.58 million not including net cash at closing and potential future earn-outs.

StarDust has operations in France and has operations in Montréal, Canada. It offers a range of testing services for websites, software, mobile applications and the Internet of Things.

Most important, the deal will bring crowdtesting capabilities to IT staffing and solutions firm CTG with 24/7 access to testers around the world, President and CEO Filip Gydé said.

“Crowdtesting will meaningfully differentiate CTG from many of our larger competitors, as we will now be able to provide faster turnaround and offer more flexible and cost-effective testing solutions to our clients,” Gydé said.

CTG already had a testing business and recently appointed Pieter Vanhaecke as global director of testing.

StarDust has an estimated $7 million in annualized revenue. Its founders and management team will remain with the combined company.

Le Wagon

Le Wagon, a Paris-based global operator of coding bootcamps announced a funding round of €17 million (US$18.9 million).

The company has campuses in 38 cities on five continents with more than 7,000 alumni.

“In just a few years, Le Wagon has developed a unique, high-impact model that has already enabled thousands of people to acquire new skills and trained them for the future of work,” said Fabien Wesse, partner at Cathay Capital, which led the funding round with the AfricInvest fund.

Le Wagon plans to use the funding to consolidate its international footprint by opening new campuses and investing in franchises, expanding its training offering and developing its Le Wagon Executive B2B offering aimed at training teams.

Le Wagon was launched in 2013 by brothers Boris and Romain Paillard.

WorkGenius

WorkGenius, a freelancer hiring platform based in Germany, announced a €6.4 million (US$7.1 million) funding round, EU-Startups reported. The round brings total funding to €18.4 million (US$20.4 million). Leading the latest round were existing investors Axel Sven Springer, John Jahr and Oliver Heine.

WorkGenius is based in Hamburg, Germany, but has an office in New York City.