SQS Software Quality Systems AG Regulatory News (SQS)

19 Oct 2009 07:00

19 October 2009

SQS Software Quality Systems AG

("SQS")

SQS Contract Wins update

SQS Software Quality Systems AG (AIM:SQS.L), the world's largest supplier in independent software testing and quality management services, is pleased to announce new contract wins with a major UK utility company, a European air traffic control agency, a multi-billion pound UK retailer and two European banks, including Swiss based St. Galler Kantonal Bank.

SQS has been contracted by Swiss based St. Galler Kantonal Bank to provide Managed Testing Services for the bank's core banking application over a five year period. SQS's offshore resources, combined with its domain knowledge and proprietary testing tools, were key factors in winning the contract. SQS has also recently signed a similar multi-year contract with another European private bank, demonstrating strong demand for its Managed Testing Services offerings within the Financial Services sector.

SQS has also been contracted by a major UK utility supplier to work in a number of key programmes throughout the remainder of 2009 and 2010. SQS will be providing a range of quality assurance and testing consultancy services to help the client realise its business and technical goals. The client is deploying a blended onshore/offshore model which is already delivering cost and efficiency benefits.

In addition, SQS has won a contract to provide a test system and services to a European air traffic control agency. SQS's proficiency in test automation and its methodology, embedded in its proprietary testing products (tools), were key differentiators in securing the contract. 

Furthermore, SQS has been selected by a major UK retailer as the testing partner that will support the implementation of a new SAP based system, powering a new retail format to be rolled out across hundreds of stores in 2010.

Rudolf van Megen, Chief Executive Officer of SQS commented, "I am delighted to announce these contract wins, which suggest that confidence is improving across our various end markets. Companies are becoming increasingly aware of the benefits of our blended onshore/offshore services and we are experiencing healthy demand for our Managed Services and SAP testing offerings."

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About SQS

SQS is the world's largest supplier 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 has approximately 1,400 employees across Europe, Asia, North America and 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 5,000 completed projects, 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, Deutsche Post, Allianz, Meteor, BP, JP Morgan, UBS, Beazley, Volkswagen, and Daimler.

www.sqs-group.com