EDS Completes Acquisition of RelQ Software Private Limited |
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Electronic Data Systems Corp. (EDS)
5400 Legacy Dr.
Plano, TX, 75024-3199
USA
Press release date: June 26, 2007
PLANO, Texas, June 26 / -- EDS (NYSE:EDS) today announced it has completed the acquisition of RelQ Software Private Limited, a Bangalore, India-based software testing company. RelQ will be fully integrated into EDS' global testing organization and will enhance EDS' global testing capabilities by offering low cost, high quality applications testing, validation and verification, and quality assurance services.
All of RelQ's more than 700 employees in India, the United Kingdom, the United States and France are expected to become part of EDS' global testing organization. Financial terms of the transaction were not disclosed.
With the addition of RelQ employees and current expansion plans, EDS' total India work force is more than 20,000.
RelQ provides a full range of validation and verification services. Key elements of this acquisition include all of RelQ's service offerings in the areas of strategic test consulting, functional testing, near-release testing, test automation, post-release testing and extreme testing.
RelQ retained UBS Investment Bank as its exclusive financial advisor on the transaction. The law firm of Majmudar & Co., headquartered in Mumbai, India, acted as legal advisors to EDS for all matters in India concerning this transaction.
About EDS EDS (NYSE:EDS) is a leading global technology services company delivering business solutions to its clients. EDS founded the information technology outsourcing industry 45 years ago. Today, EDS delivers a broad portfolio of information technology and business process outsourcing services to clients in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries and to governments around the world. With $20.7 billion in 2004 revenue, EDS is ranked 95th on the Fortune 500. Learn more at eds.com.
Contact: Travis Jacobsen - EDS Corporate Communications 972 797 8751 travis.jacobsen@eds.com
Roxane Barry - EDS Investor Relations 972 605 6420 roxane.barry@eds.com
|
|
|
|
|
|
| 
