SQS Software Quality Systems AG Regulatory News (SQS)

23 Sep 2008 07:00

23 September 2008

SQS Software Quality Systems AG 

("SQS" or the "Company")

SQS Contract Wins

SQS Software Quality Systems AG (AIM:SQS.L), the global leader in independent software testing and quality management services, is pleased to announce new contract wins with leading international law firm, Allen & Overy, and the Swedish port authority, Port of Göteborg. 

Under the terms of the contract with Allen & Overy, SQS will provide a blend of onshore and offshore testing services over a period of 3 years. 

The increasing number of long-term contracts - now 24 in total - demonstrates the attractiveness of the cost-savings inherent in off-shoring all or part of an organisations software testing operations. SQS is now the leading provider of off-shore services within the independent software testing industry and recent contract wins are a justification of the Company's off-shore focused strategy.

SQS has also signed a contract with Port of Göteborg, the port authority within Gothenburg, Sweden, to provide a software testing solution for its mission critical logistics applications. The contract is one in a series of wins among clients within the logistics sector and port authorities across Europe. It is also a positive endorsement of the recent acquisition of Validate, which was instrumental in the contract win, and reflects Validate's enhanced capabilities and market position as part of SQS.

Both the above contracts are within non-traditional vertical markets for SQS, in keeping with the Company's strategy of expanding the diversity of sectors into which it sells its offerings. The testing and quality management services provided by SQS are industry independent and these contract wins illustrate the Company's healthy presence across a wide variety of markets.

Rudolf van Megen, Chief Executive Officer of SQS commented, "I am delighted to announce the contract win with leading international law firm Allen & Overy. This underpins our strategy to win more long term contracts with blended offshore and onshore services. The contract with the Port of Gothenburg is also important to us as it demonstrates the quality of the Validate acquisition which is already making a positive contribution to the Company."  

Enquiries:

About SQS

SQS is the global leader in independent software testing and quality management services. SQS consultants design and oversee quality management processes during software and IT systems development and test the resulting products for errors and omissions.

Headquartered in Cologne, Germany, SQS now has more than 1,400 employees across Europe, Asia, North America and in Africa. The Group has a strong presence in Germany (Cologne, Munich, Frankfurt, Stuttgart, Goerlitz and Hamburg) and in the UK (London, Woking, Birmingham, Manchester, Belfast), Ireland, the Netherlands, Switzerland, Austria, Sweden, Norway, Finland, India, Egypt, the United States and South Africa. SQS also has a minor stake in an operation in Portugal and a partnership operation in Spain.

With more than 4,800 completed projects under its belt, SQS has a strong customer base including 36 FTSE-100 companies, half of the DAX 30 and nearly a third of the STOXX-50. It supports clients in a wide range of industries, including major corporations such as Deutsche Bank, Deutsche Telekom, Barclays, BP, Boots, Credit Suisse, Volkswagen, and Daimler.

www.sqs-group.com