Cigniti Technologies acquires Gallop Solutions
VARINDIA- INDIA'S FRONTLINE IT MAGAZINE
Cigniti Technologies Limited (BSE: 534758) has announced that the acquisition of Gallop Solutions Inc, a US- based specialized software testing services company. The combined entity is poised to become one of the leading independent software testing services companies with revenues of $40 million and more than 800 people worldwide.
Gallop specializes in building and implementing niche solutions in the Application Lifecycle Management (ALM)space with a special focus on Quality, Test Automation and Test Asset Modernization. Founded in 2009, Gallop Solutions is based in Irving, Texas in the US with an offshore technology centre at Hyderabad, India. Gallop employs more than 200 people worldwide with 2012 revenues over $9.5 million.
Sriram Rajaram, President, Strategy and Corporate Development, said, "Gallop Solutions is a great cultural fit for us and they have a fantastic team. This merger will add value to everyone concerned including shareholders, clients and employees. The combined revenues will take Cigniti past the $40 million run rate and make us the world's third-largest independent testing services company. This will help our mission of becoming the world’s largest independent testing services company in the next few years. IP-led testing is going to be the key driver of growth in the future and Gallop's experience in delivering testing solutions around proprietary IP-led products such asWinQuick and RoboQuick will add a lot of value to our clients and complement Cigniti's SMART Tools".
Manohar Reddy, CEO of Gallop Solutions, commented, "We are excited to be part of Cigniti which is recognized as a premier independent testing services company. Joining forces with a like-minded company in this domain should help us achieve our vision of becoming the world leader in software testing.......See More
Gallop specializes in building and implementing niche solutions in the Application Lifecycle Management (ALM)space with a special focus on Quality, Test Automation and Test Asset Modernization. Founded in 2009, Gallop Solutions is based in Irving, Texas in the US with an offshore technology centre at Hyderabad, India. Gallop employs more than 200 people worldwide with 2012 revenues over $9.5 million.
Sriram Rajaram, President, Strategy and Corporate Development, said, "Gallop Solutions is a great cultural fit for us and they have a fantastic team. This merger will add value to everyone concerned including shareholders, clients and employees. The combined revenues will take Cigniti past the $40 million run rate and make us the world's third-largest independent testing services company. This will help our mission of becoming the world’s largest independent testing services company in the next few years. IP-led testing is going to be the key driver of growth in the future and Gallop's experience in delivering testing solutions around proprietary IP-led products such asWinQuick and RoboQuick will add a lot of value to our clients and complement Cigniti's SMART Tools".
Manohar Reddy, CEO of Gallop Solutions, commented, "We are excited to be part of Cigniti which is recognized as a premier independent testing services company. Joining forces with a like-minded company in this domain should help us achieve our vision of becoming the world leader in software testing.......See More