Over 180 Technology M&A Transactions since 1998
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Charlotte, NC; July 12, 2006 - DecisionPoint International (“DecisionPoint”), a boutique investment bank providing merger and acquisition services to middle-market services and technology clients, announced today that its client, QA Labs Inc., the largest independent software testing and quality assurance provider in Canada, has been acquired by US Technology Resources LLC (USTRI), a leading provider of IT Services & Business Process Outsourcing Solutions to Fortune 500 clients. Terms of the deal were not disclosed.
Founded in 1999 and based in Vancouver, QA Labs has built a reputation for serving clients in the telecoms, wireless, life sciences, media and consumer software industries. The company provides all types of quality assurance services, from outsourced software testing to test automation and consulting. In May 2006, QA Labs was named one of the world’s top outsourcing service providers by the International Association of Outsourcing Professionals.
Through this acquisition, USTRI expands its global footprint and ability to offer a comprehensive range of IT services through an integrated global delivery model, which includes onsite, onshore, near-shore and offshore locations to its marquee clients. USTRI’s Global Development Centers include multiple centers in US, Canada, India and Malaysia.
“QA Labs is delighted to join the USTRI team,” says Wolfgang Strigel, Founder and President, QA Labs. “The obvious synergies between our firms are compelling, and the clear winners in this agreement are our collective clients and dedicated employees.”
“The acquisition of QA Labs is a direct response to our clients who seek dedicated quality assurance and test services as provided by an industry leader,” says Dan Gupta, Chairman and CEO of USTRI. “Furthermore, this addition provides USTRI with the nucleus upon which to enhance our portfolio of core competencies in the rapidly growing quality and test field as we expand our North American footprint.”
“The acquisition of QA Labs is a part of our strategy to meet the increasingly specialized needs of our global client base through acquisition and robust organic growth,” says Sajan Pillai, President and Chief Operating Officer of USTRI. “This acquisition demonstrates our commitment to product quality and rapid and strategic growth, as we provide a stimulating and challenging environment for our talented team of IT professionals from both QA Labs and USTRI.”
About QA Labs
QA Labs Inc. is the largest independent software quality assurance and testing service provider in Canada, and is an international authority in the software industry providing contract testing, test automation, and test planning services, as well as QA process consulting and training. QA Labs Inc. helps clients make wise choices that reflect project constraints, industry trends and business considerations, leading to the critical competitive advantage needed today. For more information, visit www.qalabs.com.
About US Technology Resources
US Technology Resources Inc. (USTRI) is part of The Comcraft Group, a USD $5.5 Billion global conglomerate with presence in over 45 countries. USTRI is a leading provider of end-to-end IT services and Business Process Outsourcing (BPO) solutions for Fortune 500 companies. The firm leverages a proven “hybrid” global sourcing and delivery model to provide IT and BPO services through its global state-of-the-art facilities. With a strong focus on corporate values and work culture, US Technology employs over 3,500 employees globally who are committed to long-term strategic partnerships and providing value and flexibility “Beyond the Contract” to its customers. For more information, visit www.ustri.com.
About DecisionPoint
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.