EDS to acquire RelQ Software

BANGALORE: Global technology service provider, EDS has said it has reached a definitive agreement to acquire Bangalore-based software testing firm RelQ Software Private Ltd.

The New York Stock Exchange-listed company said the acquisition would accelerate its existing global software testing, validation and verification services for enterprise clients.

Financial terms of the transaction, expected to close in May, were not disclosed. EDS said over time, the privately-owned RelQ would be fully integrated into EDS' global testing organisation, EDS said in a statement.

"All of RelQ's more than 700 employees in India, the United Kingdom, the US and France are expected to become a valuable part of EDS' global testing organisation," the statement said.

RelQ is a certified ISO 9001-2000 software testing company, providing solutions to banking, financial services, telecom and consumer electronics industries.