SQS Software Quality Systems AG Regulatory News (SQS)

2 Jun 2006 12:57

SQS Software Quality Systems AG02 June 2006 Friday, 2 June 2006 SQS Software Quality Systems AG Result of AGM SQS Software Quality Systems AG (AIM:SQS.L) the leading independent pan-Europeanprovider of quality management and testing services for software development,announces that all the ordinary resolutions and three special tabled resolutions(5,6,7) were duly passed at its AGM, held earlier today. For further information please contact: SQS Software Quality Systems AG www.sqs.de or www.sqs-uk.comRudolf van Megen (CEO)/Rene Gawron (CFO) +49 (2203) 91 54 0 Evolution Securities Limited 020 7071 4300Jeremy Ellis/Mike Read Smithfield 020 7360 4900Sara Musgrave Print resolution images are available for the media to view and download from www.vismedia.co.ukNotes to EditorsSQS is the leading independent pan-European provider of quality management andtesting services for software development. Headquartered in Cologne, Germany,SQS has over 700 employees with operations across the world including UK,Netherlands, Switzerland, Austria, Ireland and South Africa. SQS also has aminor stake in an operation in Portugal and a partnership operation in Spain.In May 2006, SQS made its first acquisition since joining AIM in September 2005,buying Cresta Group Ltd in the UK for a consideration of up to £18m. Theacquisition increased SQS's UK revenue three fold and secured SQS's position asthe largest independent software testing and quality management company in theUK. The acquisition is expected to be earnings enhancing in the currentfinancial year. With over 3,000 completed projects under its belt, SQS has a strong customerbase including half of the DAX 30 companies and 30% of the STOXX-50. Theyinclude names like Dresdner Bank, Lloyds TSB, Deutsche Telekom, Vodafone,Daimler Chrysler, and Airbus spread across the full range of industries.SQS is the first German company to have a primary listing on AIM, completing itsIPO on 20 September 2005 raising £10.8m before expenses at an issue price of190p. SQS is included in the Software and Computer Services sector (9530) withinthe Computer Services subsector (9533) and has a RIC code of SQS.L. SQScompleted a secondary listing on the Deutsche Boerse in Frankfurt on 2ndDecember 2005. For further information, please visit www.sqs-uk.com. This information is provided by RNS The company news service from the London Stock Exchange