Bangalore-based RelQ Software has finalized a deal worth $40 mn to be acquired by IT consulting major Electronic Data Systems (EDS). RelQ specializes in software testing, validation, verification and quality assurance. It has 800 people and posted revenues of $22 mn last fiscal. It is expected to record revenues of $30 mn in 2006-07.
RelQ will help the $21-billion EDS, which focuses on consulting, application management, maintenance, re-engineering, migration, technical support and testing, to ramp up its testing practice in India. EDS has over 17,000 employees here across varied verticals.
Read The Times of India article.
Related Post: Software testing company up for sale by stakeholders ICICI Ventures and Acer Technologies
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment