BrowserStack Announces $125 Mn Share Buyback

BrowserStack, a company that helps developers test their websites and apps, is giving back to its team and early supporters.

They've announced a $125 Mn share buyback, which means they're buying back shares from employees and investors.

This is their third buyback, and it will help over 500 people, including current and former employees.

The company has been profitable since it started in 2011 and has over 21 products.

They're also looking to buy more companies to grow their market.

BrowserStack became a unicorn in 2021, which means it's worth over $1 billion.

They've raised about $250 Mn from investors and are now based in Ireland but moving to India.