Vector buys Vector
The takeover extends Vetor’s testing portfolio by adding the embedded software testing platform “VectorCAST”, a solution for code-centric software testing. VectorCAST is used extensively in the verification of software with high quality and safety requirements. In addition, the merger will extend Vector Informatik’s focus to industries beyond the automotive market. According to Vector, the combined company’s scope covers most industries with safety and validation requirements, in particular (besides automotive) avionics and IoT.
The sales and development organization for VectorCAST with more than 90 employees will remain headquartered in East Greenwich, RI., as a business division of Vector Informatik. The division will be managed by John Paliotta as Managing Director and CTO, and Mats Larsson as Vice President Sales, Marketing & Operations. Paliotta co-founded Vector Software in 1990, Larsson joined Vector Informatik in 2002, and his previous responsibility with the Vector Group was establishing Vector Brazil.
The financial details of the transaction were not disclosed.
For more information, visit: www.vector.com and www.vectorcast.com
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