CSC Acquires AppLabs
AppLaps Technologies is a the software testing and quality management service provider. The acquisition has been made to support a leadership role for CSC in providing application testing services in the high growth discrete testing market.
AppLabs brings a portfolio of proprietary methodologies and tools, and a specialized sales force to CSC which significantly enhances CSC’s capabilities in application testing services as well as shortening time-to-market. AppLabs complements CSC’s expertise in Financial Services, Healthcare, Manufacturing, Chemical, Energy and Natural Resources and Technology and Consumer verticals. Financial terms of the deal were not disclosed.
“Application Services continue to play an increasingly important role as companies adopt new technologies and cloud based services to improve the quality and performance and reduce the total cost of ownership of IT services,” said Michael W. Laphen, chairman, president and chief executive officer, CSC. “Acquiring AppLabs represents CSC’s continued commitment to our intense focus on growing the company’s applications development and management business as well as extending superior testing services to our clients and prospects.”
“As a pioneer in specialized testing services, AppLabs will strengthen CSC’s portfolio of services that are offered to its customers,” said Sashi Reddi, AppLabs founder and CEO. “AppLabs customers will benefit from the geographic reach and breadth of services that CSC has to offer so that we can finally become truly global partners to our key customers. The 2,500 employees of AppLabs are delighted to be a part of the CSC family.”
According to research firm IDC, the independent testing and validation services market is growing faster than the IT services market and is forecasted for strong growth of 21 percent compound annual growth rate (CAGR) through 2013.
With 2,500 employees, a strong leadership team, an offshore delivery center in Hyderabad, India, sales and delivery offices in London, Philadelphia, Pa. and Lindon, Utah, this acquisition enhances CSC’s ability to support existing customers, add a robust set of new clients, and advances CSC’s position to pursue and win new business.
Source: AppLabs Technologies