SQS Software Quality Systems AG Regulatory News (SQS)

15 Jul 2008 07:00



15 July 2008

SQS Software Quality Systems AG 

("SQS" or the "Company")

SQS Secures Long Term Contracts

SQS (AIM: SQS.L), the global leader in independent software testing and quality management services, is pleased to announce the securing of two long term contracts, one with a major German car manufacturer, and the other with an international oil and gas company.

The contract with the German car manufacturer will involve SQS providing quality assurance services to the software development of a new generation of two car models; the typical duration of such a development is about four years. There is also the potential for SQS to extend these services for future complex assistance systems.

The contract with the international oil and gas company is also for a duration of four years and will provide the Company with revenues of €2 million. SQS will provide quality management services and procedures on setting up a new data processing center.

Rudolf van Megen, CEO of SQS, said, "Following on from the recent contract win with Anglo Irish Bank, these contracts confirm that SQS's client base is truly cross sector, and that independent quality assurance and software testing is an essential component of software development programmes across many industries. The length of the contracts is particularly pleasing and is an excellent endorsement of the service we provide to our customers. This provides us not only with enhanced visibility, but also superb reference sites going forward."

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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 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 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