The Hindu Business Line : Aztec Software to buy Disha for $12.1 m

AZTEC Software and Technology Services Ltd will acquire Disha Technologies in a $12.1-million stock and cash deal. The Bangalore-based firm would fork out $9.6 million in cash and $2.5 million in stock towards the acquisition of the software product-testing firm.

While this move would enable Aztec to foray into the testing services space, the acquisition itself is part of the company's growth strategy to strengthen its service offerings. Making the announcement here on Monday , Mr V. Chandrasekaran, Managing Director, Aztec, said the acquisition "is a strategic response to our customers' needs to manage rapid product development, while maintaining independence in testing."

According to Mr Shirish Netke, Vice-President, Sales & Marketing, Aztec, testing has emerged into a booming market over the last one year, given the speed "in which software products are being launched with new releases slated every quarter, and this has made testing a pre-requisite for a quick go-to-market." Globally, the testing services market is currently estimated at $3 billion with offshore testing pegged at $600 million.

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