It is a part of sqs group germany and is in the business of software testing and business assurance. Sqs is at an inflection point where managed services, its revenue engine over the past decade, is gradually slowing down, in line with the market, and impacted also by a few contract terminations. Thinksoft global services limited how is thinksoft. With the strategic acquisition of a majority stake in thinksoft, which boasts approx. Germanys sqs software to acquire majority stake in. Sqs software to acquire majority stake in thinksoft global. The sqs bfsi entity is a public company listed in both bse and nse with its registered office in chennai. Thinksoft global services inc was incorporated on april 29, 2002 under the laws of state of delaware, usa.
Sqs, a londonbased mobile payments software company, has completed its acquisition of thinksoft global services, an independent business assurance and testing specialist focusing on the financial sector. Investegate sqs software quality announcements sqs. The queues can be inspected, jobs can be deleted from queues even when running, and jobs can be held. Sqs software to pick up majority stake in thinksoft for rs 148 cr. Sqs software provides software testing and quality management services and employs around 2,800 people in europe, asia, north america and africa. If you wish to know more about our services contact us today. While ralph gillessen was appointed as the chief market officer cmo, riccardo brizzi joins sqs as chief operating officer coo. Expleo is an engineering, quality services and management consulting company. Both organizations are pure play independent software testing and quality management services companies and are a natural fit. With delivery centers in india and offices in global financial centers, it has an established track record of 14 million hours of testing work under its belt, it said.
Thinksoft global services is primarily engaged in software testing services focusing on banking, financial and insurance services industry. Sqs software quality systems, the worlds largest supplier of independent software testing and quality management services is acquiring a controlling stake in chennaibased thinksoft global services for rs. Sqs software quality systems ag sqs the worlds largest supplier of independent software testing and quality management services, has signed a definitive agreement spa to acquire a majority of the currently outstanding shares of thinksoft global services ltd thinksoft or the company, one of the largest independent software testing. Software design thinksoft with a wealth of experience in designing and manipulating software, our team can assist you in your software needs. It is listed on the bse with a bse code of 533121 and the nse with an nse code of expleosol. German software testing and quality management services provider sqs software quality systems ag lon. Sarala c senior software engineer thinksoft global. Thinksoft provides endtoend software testing and quality assurance capabilities with domain expertise. Sqs provide solutions, training, consultancy and resources. The company tests web, ecommerce, infrastructure, security, and client server applications. Expleo competitors, revenue and employees owler company.
We will be renaming our legal entity imminently to align with our new brand. Expleo solutions history expleo solutions information. Sqs software quality systems ag, the worlds leading specialist in software quality, has announced that ralph gillessen and riccardo brizzi will become main board directors from january 20. Over the past one year, the stock has grossly underperformed the moneylife software index. The 19th edition of the award organized by the madras export processing. View sarala cs profile on linkedin, the worlds largest professional community. Sqs software to pick up majority stake in thinksoft for rs. Germanybased software testing and quality management services firm sqs software systems ag has signed a definitive agreement to acquire a majority stake in chennaibased financial software testing firm thinksoft global services ltd, for a total consideration of rs 148.
Sqs completes thinksoft global services acqusition. Sqs was founded by heinz bons and rudolf van megen in cologne. The business current operating status is live with registered address at high street centre. Sqs software quality systems, ag a company listed on the aim at the london stock exchange, an independent software and verification services provider, has proposed to acquire stake in thinksoft global services. Gopirajan kamarajan software testing thinksoft global. Expleo solutions limited is part of the expleo group of companies, focusing exclusively on business assurance, quality assurance and software testing for the.
Sqs position and expertise as the market leader are the result of over 30 years of successful consultancy. Thinksofts stock went up nearly 20% to close at rs 194 on the bombay stock exchange on friday. L tuesday announced first closing of acquisition of indiabased software testing firm thinksoft global services ltd. Sqs is the largest software testing pureplay globally in h1 2017, it had revenues of 160m and an adjusted ebit margin of 7. Thinksoft inaugurates its new delivery centre at chennai. Signal hill advises sqs as it merges with thinksoft to.
Sqs acquires majority stake in thinksoft latest news. Sqs india bfsis board of directors have approved the buyback of 4,60,896 fully paidup equity shares of rs10 each, the company announced in a bse press release the 4,60,896 shares represent 4. Thinksoft global services limited q3 fy14 earnings. German company sqs software, a specialist in software quality and software testing, will acquire a majority stake in the chennaibased thinksoft global for. Sql programming intermediate and advanced database design. Sqs software quality systems ag offers computer software testing services.
Export excellence award 20112012 thinksoft was awarded the export excellence award for the highest growth in exports among itites units. With thinksoft under its belt, it wants to take the share to 50% in the future, which will also improve its margin profile. Sqs software quality systems ag, the worlds leading specialist in software quality, and orbium, the business and it consulting company focusing exclusively on the financial services industry today announce a global partnership in the area of software testing of the avaloq banking suite. Sqss cfo rene gawron points to the growing importance of software testing services. Tgs inc is a software service firm that primarily provides software validation and verification services to.
Sqs acquires a majority stake in indian software tester. The sqs group sqs is the worlds leading specialist in software quality. Thinksoft share lots of common values we are both pure play companies focused on the field of software testing and quality management and also sqs never wanted. Asvini kumar, cmd of thinksoft, said, thinksoft will function as the bfsi global centre of excellence, a division within the sqs group. Thinksofts stock went up nearly 20% to close at rs 194 on the bombay stock exchange bse on friday. Sqs india bfsi ltd top 2020 software testing vendor score 5. See expleos revenue, employees, and funding info on owler, the worlds largest communitybased business insights platform. Thinksoft has around 800 employees, specialising financial software testing firm serving clients in 27 countries. Expleos top competitors are cigniti, sogeti and qualitest. Thinksoft digital publishing solutions for creative minds. Expleo solution is in the computers software sector. The business principal activity is in wholesale of computer software except games and cybersecurity software. Thinksoft provides endtoend software testing and quality.
Sqs operates at around 5% margin compared with over 24% for thinksoft. Thinksoft global services zooms 20% on open offer by sqs. They are very common in information technology, the domain of sqs software quality systems ag. Sqs and orbium announce partnership zurichcologne, august 2014. List of top software testing companies in the world. Germanybased sqs software systems ag is set to acquire a majority stake in chennaibased thinksoft global services ltd. View gopirajan kamarajans profile on linkedin, the worlds largest professional community. Sqs is the simple queueing system that allows jobs to be run in sequence on one or more machine. Germanybased sqs software, a software testing firm, plans to acquire a majority stake in thinksoft global for rs. Here is the big list of all the companies providing testing consultation or doing software testing. Azb, amarchand act on sgs acquisition of thinksoft global.
Germanybased softwaretesting company sqs software quality systems is acquiring a majority stake in chennaibased financial software testing firm thinksoft global services for rs 148 crore. German company sqs software, a specialist in software quality and software testing, will acquire a majority stake in the chennaibased. At present sqs earns 78% revenue from indian resources. Sqs s cfo rene gawron points to the growing importance of software testing services. Thinksoft global services ltd acquired by sqs software quality systems. Sqs to pick up majority stake in thinksoft the hindu. Germanybased software testing company sqs software quality systems is acquiring a majority stake in chennaibased financial software testing firm thinksoft global services for rs 148 crore. German company sqs software, a specialist in software quality and software testing, will acquire a majority stake in the chennaibased thinksoft global for rs 148 crore. Sqs provide solutions, training, consultancy and resources in the fields of quality governance, software quality assurance, test management, process and application intelligence. Thinksoft global services limited annual report 2012 2. How sqs acquisition of thinksoft will support expansion plans. Thinksoft global services ltd was acquired by sqs software quality systems on nov 1, 20. Thinksoft is the worlds fourthlargest software testing specialist. Av asvini kumar, md, thinksoft global services said, in case there is short fall in the open offer then the company will top it up to help sqs software achieve their objective of getting majority.
Sqs software quality systems ag sqs or the company. The companys competitive edge stems mainly from its practiq methodology, which is based on many years of project experience and specialist knowledge across. Cologneheadquartered sqs software quality systems ag is acquiring a controlling stake in chennaibased thinksoft global services ltd for rs 146. One of the big indian company listed here is applabs technologies. We have audited the accompanying financial statements of sqs bfsi inc. Sqs to trigger open offer for majority stake in thinksoft. Sqs software quality systems acquires thinksoft global. Covid19 impact assessments vendor intelligence program it services software testing. Companies engaged in mobile payment projects can now take advantage of sqs new. Sqs software acquires 26% of thinksoft, to buy remaining. Along with a strong presence in germany and the uk, sqs software has further subsidiaries in austria, egypt, finland, france, india.
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