Friday, October 06, 2006

Speculation that RelQ software testing company is up for sale !!!

Software testing company RelQ appears to be up for sale again. UBS has been retained to find a buyer and there are rumours that EDS are the most likely buyer.

During the last financial year, RelQ margins were in the range of 19-20 per cent on topline of close to $22 million which is expected to touch $30 million during the current.The company which currently has 750 software testing professionals on its rolls, plans to raise headcount to 1,000 by 2006 end. According to information available, companies who are looking to buy out RelQ may have to fork out around $30-35 million.

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