VC-Backed Bust: TestQuest Sold for $2.2 Million

BSquare Corp. (Nasdaq: BSQR) has acquired the assets of TestQuest, a San Mateo, Calif.–based provider of test automation and management solutions for mobile and embedded devices and applications. The deal is valued at $2.2 million in cash. TestQuest had raised over $48 million in VC funding since ijts 1993 inception. Recent backers included Norwest Venture Partners, Needham Asset Management, RRE Ventures, Brightstone Capital and Gabriel Venture Partners.

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