The Hindu Business Line : AppLabs buys UK-based testing co

Software testing major AppLabs Technologies on Wednesday announced that it has acquired IS Integration, a UK-based IT and business solutions testing consultancy, for Rs 170 crore.

The company, with a combined staff of around 1,500, expects revenue of $75 million and profit of $8 million this fiscal.

The deal is funded partly by UTI Bank, Singapore, and Sequoia Capital India.

"IS Integration will effectively form the European arm of AppLabs. The deal will increase market share of AppLabs, broaden its vertical market expertise and improve resources — in terms of both training and R&D," said Mr Sashi Reddi, CEO, AppLabs.

Prior to this, AppLabs had acquired a US-based performance testing and certification services company, Keylabs, in April 2005.

Speaking on the emerging category of IT services, Mr Reddi said, "Software testing services has become a $13-billion market with industry analysts forecasting continued rise in the coming years."

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