ESOP buyback to reward employees for their contributions to the growth and success of BrowserStack
DUBLIN — Sept 28, 2021 — BrowserStack, the leading software testing platform, today announced the implementation of an Employee Stock Ownership Plan (ESOP) buyback worth $50 million (INR 365 crores). Aimed at rewarding and recognizing employees’ hard work and helping them in their wealth creation journey, this is BrowserStack’s second buyback and its largest to date. The buyback witnessed the participation of over 100 employees.
“The exponential growth witnessed by BrowserStack has been made possible because of the perseverance and dedication of our people,” said Ritesh Arora, co-founder, and CEO of BrowserStack. “We grow when our people grow and we would like to thank them for playing a significant role in the company’s success and believing in our vision of becoming the testing infrastructure for the internet.”
The past two years have been instrumental in serving as an inflection point in BrowserStack’s history. Some key milestones celebrated were the acquisition of Percy, a visual testing, and review platform, securing $200 million in series B funding at a $4 billion valuation, and doubling employee count to over 800.
Keeping employee welfare front and center, BrowserStack recently shifted to a remote-first model, which would give its employees the flexibility to work from anywhere, allowing them greater autonomy over their time personally.
In addition, going remote-first gives BrowserStack unrestricted access to a global talent pool to support its ongoing hyper-growth. BrowserStack is hiring aggressively and building a world-class team to help its mission of empowering developers to build amazing experiences is on top of its list.
BrowserStack is the world’s leading software testing platform powering over two million tests every day across 15 global data centers. BrowserStack helps Tesco, Shell, NVIDIA, Discovery, Wells Fargo, and over 50,000 customers deliver quality software at speed by moving testing to their Cloud. BrowserStack’s platform provides instant access to 3,000+ real mobile devices and browsers on a highly reliable cloud platform that effortlessly scales as testing needs grow. With BrowserStack, developer and QA teams can move fast while delivering an amazing experience for every customer.
Founded in 2011, BrowserStack is a privately held company with offices in Dublin, San Francisco, New York, and Mumbai. For more information, visit browserstack.com or follow on Twitter @browserstack.