The Hindu Business Line : AppLabs to double headcount, close to sealing US acquisition

APPLABS Technologies, a global software quality and testing services provider, is planning to expand by doubling its headcount in the country and is close to finalising plans for an acquisition in the US.

The Chief Executive Officer of AppLabs, Mr Sashi Reddi, told Business Line that the company had carved out a niche in the quality services space that is extremely fragmented. "Following the recent acquisition of a US company, we have consolidated our operations and expanded the testing services offerings", he said.

"Given the current momentum, we believe AppLabs will expand operations both organically by doubling the headcount from 700 to 1,400 by next year and are in the process of finalising plans for one more acquisition in the financial services-related area," Mr Reddi, who is on a brief visit to India,said.

Though AppLabs is a profitable company, it may consider second round of funding for the proposed acquisition. The first round, which helped it raise $7 million through Westbridge Capital, was deployed in the acquisition of KeyLabs, a player in the hardware testing.

The global testing market estimated at about $3 billion is extremely fragmented. Of this, about $1 billion is outsourced to various companies, including IT services companies.

However, the market for testing is growing at a healthy rate of about 50 per cent and specialised players are preferred by technology companies as it is desirable to have testers who are independent from coders, Mr Reddi explained.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Fixed wireless subscribers will have to shell out more

CDMA cos seek PM's intervention — `Market forces must determine tariffs'

LG Electronics to make Pune facility a hub for exports

BPL Mobile unveils special STD rates

FirstRain to expand R&D teams here

`Compliance tool market growing' — MetricStream to invest $20 m in India facility

Infotech centre for HS

For more space, better security and quality of service — TRAI favours next gen Internet Protocol

AppLabs to double headcount, close to sealing US acquisition

Novell keen to customise products for Indian market — Buys out partner in distribution venture

IAP ties up with Japanese co

`10,000 DataOne broadband target for Dakshina Kannada'