Under the agreement, thinksoft promoters have agreed to sell up to 2. 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. In 2000 it changed its name to sqs software quality systems ag. Sqs provide solutions, training, consultancy and resources in the fields of quality governance, software quality assurance, test management, process and application intelligence. Expleo solution closes below 50day moving average of 295. In the same period, thinksofts share price has leaped from rs 162. Expleo solution share price, expleo solution stock. Thinksoft share price live today stock price history. Expleo solutions is a trusted technology partner and for endtoend quality services and management consultancy. Sqs software quality systems ag half year report advfn. Sqs indias stock is worth a look with its consistent growth profile. 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. It has signed a definitive agreement to acquire a majority of the outstanding shares of thinksoft, a software testing company, for rs 260 per. Expleo solutions limited is part of the expleo group of companies, focusing exclusively on business assurance, quality assurance and software testing for the.
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. Signal hill advises sqs as it merges with thinksoft to. Sqs to trigger open offer for majority stake in thinksoft. Thinksoft global services limited offers software validation and verification services to the banking and financial services industry worldwide. Sqs india bfsi was discovered by daljeet kohli in april 2014. Thinksoft global services ltd has informed bse that sqs software quality systems, ag a company listed on the aim at the london stock exchange, with a secondary listing on the deutsche borse open. Thinksoft global services ltd acquired by sqs software quality systems. Sqs group jobs, benefits, business model, founding story. Thinksoft global services ltd is a banking, financial services and insurance focused softwaretesting enterprise with over 8millionperson hour record of accomplishment. Like sqs, this stock exchangelisted it service provider, which is based in chennai, specialises in software quality. The company provides software testing services, including system integration testing, web interface testing, performance testing, security testing, business as usual testing, risk based testing, user acceptance testing, and data migration testing. The company primarily operates in the united states of america, singapore, germany, the united kingdom, and the united arab emirates.
Sqs position and expertise as the market leader are the result of over 30 years of successful consultancy. Germanys sqs software to acquire majority stake in. Cologneheadquartered sqs software quality systems ag is acquiring a controlling stake in chennaibased thinksoft global services ltd for rs 146. Sqs bfsi uk limited, formerly known as thinksoft global services uk limited is a wholly owned subsidiary of sqs india bfsi limited, formerly known as thinksoft global services ltd. L tuesday announced first closing of acquisition of indiabased software testing firm thinksoft global services ltd. At that time, sqs india was known as thinksoft global services. Sqs india bfsi limited is a public limited company incorporated under the laws of india and their shares are traded in two stock exchanges in indianse and bse. Sqs software to acquire majority stake in thinksoft global. Sqs acquires majority stake in thinksoft latest news. Thinksoft global services zooms 20% on open offer by sqs. Thinksofts stock went up nearly 20% to close at rs 194 on the bombay stock exchange on friday. The german company has made an open offer to acquire 3. Software quality systems ag, the worlds largest specialist supplier of software quality services, today announces its audited results for the 12 months ended 31 december 2015.
Sqs software quality systems ag is the parent company of sqs india bfsi limited. For more details, see the expleo solutions quarterly results and expleo solutions share price and chart. Over time, the company added several new services, including automated testing, managed services, and training solutions. Sqs software quality systems ag acquires a majority stake in thinksoft global services ltd. It also greatly expanded its presence outside of europe to all continents. Director deals sqs software quality systems ag sqs diederik vos, chief executive officer, sold 103,123 shares in the company. 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. Expleo is an engineering, quality services and management consulting company. Chat about sqs shares stock quote, charts, trade history, share chat, financial terms glossary. We will be renaming our legal entity imminently to align with our new brand. Shares of sqs have surged by 12% over one month after the announcement. Investegate sqs software quality announcements sqs. As of april 3, 2014, thinksoft global services limited operates as a subsidiary of sqs software quality systems ag. Thinksoft global services, a financial software testing firm, informed the stock exchanges that it had agreed to sell 26% stake, or 2.
Germanybased sqs software, a software testing firm, plans to. Expleo solution share price, expleo solution stock price, expleo solutions ltd. We work with clients to support all their quality needs including quality engineering, quality management, software testing, devops and test automation. The companys competitive edge stems mainly from its practiq methodology, which is based on many years of project experience and specialist knowledge across. Sqs has signed a definitive agreement to acquire a majority of the outstanding shares of thinksoft for rs. Expleo solution closes below 50day moving average of 292. Stock analysis for expleo technology germany gmbh sqs including stock price, stock chart, company news, key statistics, fundamentals and company profile. For a sector overview, read our software sector report. Specialist consultancy services scs, which includes transformation and quality in. Sqs india bfsi ltd share price, stock price, sqs india. Expleo solutions fact sheet, expleo solutions financial. Also key pivot points for daily support and resistance levels, along with the pricetomoving average action for thinksoft. The biggest moneymaking opportunity available right now here is the latest financial fact sheet of expleo solutions.
Latest sqs india bfsi ltd management information at. Specialist consultancy services scs, which includes. Thinksofts stock went up nearly 20% to close at rs 194 on the bombay stock exchange bse on friday. Sqs to acquire majority stake in thinksoft global latest. Its success enabled it eventually be listed on the london stock exchange. Thinksoft global services limited share price target. Sqs to pick up majority stake in thinksoft the hindu.
Managed services ms, which includes long term engagements for testing standard software package products. The sqs bfsi entity is a public company listed in both bse and nse with its registered office in chennai. While thinksoft is listed on indian bourses, sqs is listed in frankfurt and on the alternative investment market aim of the london stock exchange. Sqs software quality systems ag final results advfn. 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. Daljeet had the clairvoyance to realize that the takeover of thinksoft by sqs, the european software behemoth, would result in a game changer and catapult thinksofts fortunes to great heights daljeet was right because immediately after. It is a part of sqs group germany and is in the business of software testing and business assurance.
Sqs software to pick up majority stake in thinksoft for rs. Thinksoft global services limited was incorporated in 1998 and is headquartered in chennai, india. They have expertise in a wide range of sectors and technologies. Expleo solutions company history computers software. Sqs india bfsi may test rs 1500, says aashish tater. Get thinksoft detailed report in terms of 52 week high low, annual reports, financials, company facts and news at market on mobile. 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. Sqs software acquires 26% of thinksoft, to buy remaining. Germanybased sqs software, a software testing firm, plans to acquire a majority stake in thinksoft global for rs. Promoters of thinksoft, including av asvini kumar, vanaja arvind.
Sqs software to pick up majority stake in thinksoft for rs 148 cr. In the same period, thinksoft s share price has leaped from rs 162 to rs 246. Over the past one year, the stock has grossly underperformed the moneylife software index. 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. Sqs software quality systems ag sqs is a germanybased provider of software testing and quality management services. Latest company news for sqs software quality systems ag. Sqs software quality systems ag 07 march 2017 7 march 2017 sqs software quality systems ag sqs, the company or. Expleo solution closes above 50day moving average of 284.
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