SQS Software Quality Systems AG Regulatory News (SQS)

SQS Software Quality Systems AG

("SQS" or the "Company")

Board Changes

SQS Software Quality Systems AG, the world's leading specialist in software quality services, announces its intention to appoint two new Main Board directors.

On 1 January 2013, Ralph Gillessen will be appointed as Chief Market Officer (CMO), responsible for all regional market units, sales and marketing. On 14 January 2013, Riccardo Brizzi will join SQS as Chief Operating Officer (COO), responsible for the global operational performance of the Company.

Ralph Gillessen, 43, is an SQS internal promotion having joined the Company more than 11 years ago. Mr. Gillessen has worked in various senior sales and consultancy positions and has headed SQS's largest profit centre, Central Europe Middle East, for the past two years.

Mr. Brizzi, 50, is an internationally experienced manager who has considerable expertise in Managed Services and IT services. Having previously worked at companies such as Cap Gemini and Vodafone, Mr. Brizzi joins SQS from SAP, where he spent the last 6 years in various senior management positions, lastly as head of strategic client delivery.

Both are expected to join the Main Board in January 2013, at which time a further announcement will be made, including the disclosures required under the AIM Rules for Companies.

At the announcement of the appointments, Diederik (Dik) Vos, CEO of SQS, said: "In Riccardo Brizzi, we are gaining an exceptional operations and IT services expert. He will strengthen our management team, help safeguard the deployment of our mid-term strategy and improve our operational excellence. Ralph Gillessen will strengthen our sales and marketing competency and has an exceptionally deep knowledge of the testing and quality services market.

These two Main Board appointments will support our mid-term strategic goal to be involved in all major software transformation projects."

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About SQS Software Quality Systems

SQS is the world's leading specialist in software quality. This position stems from 30 years of successful consultancy operation. SQS consultants provide solutions for all aspects of quality throughout the whole software product lifecycle driven by a standardised methodology and deep experience in various industries. Headquartered in Cologne, Germany, the company employs approximately 2,200 staff. Along with a strong presence in Germany and the UK, SQS has further subsidiaries in Egypt, Finland, France, India, Ireland, the Netherlands, Norway, Austria, Sweden, Switzerland, South Africa and the US. In addition, SQS maintains a minority stake in a company in Portugal. In 2011, SQS generated revenues of 189.1 million Euros.

SQS is the first German company to have a primary listing on the AIM (Alternative Investment Market) in London. In addition, SQS are also traded on the open market of the German Stock Exchange in Frankfurt am Main.

With over 7,000 completed projects under its belt, SQS has a strong client base, including half of the DAX 30, nearly a third of the STOXX 50 and 20 per cent of the FTSE 100 companies. These include, among others, Allianz, Beazley, BP, Centrica, Daimler, Deutsche Post, Generali, JP Morgan, Meteor, Reuters and Volkswagen as well as companies from every other conceivable industry.

For more information, see sqs.com