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Cigniti Technologies Acquires Gallop Solutions


May 29, 2013 - Hyderabad, Andhra Pradesh, India

Cigniti Technologies Limited, India’s largest independent software testing services company announced today, the acquisition of Gallop Solutions Inc, a US based specialized software testing services company. The combined entity is poised to become the world’s third largest independent software testing services company with revenues of $40 Million and more than 800 people worldwide. Cigniti Technologies is one of the fast growing IT services companies in this space and aims to become the world leader in software testing in the next few years through a combination of organic and inorganic growth.

Gallop specializes in building and implementing niche solutions in the Application Lifecycle Management (ALM) space with a special focus on Quality, Test Automation and Test Asset Modernization. Founded in 2009 by Manohar Reddy and Mahendra Alladi, Gallop Solutions is based in Irving, Texas in the US with an offshore technology center at Hyderabad, India. Gallop employs more than 200 people worldwide with 2012 revenues over $9.5 Million.

Speaking on this occasion Sriram Rajaram, President Strategy and Corporate Development said, “Gallop Solutions is a great cultural fit for us and they have a fantastic team. This merger will add value to everyone concerned including shareholders, clients and employees. The combined revenues will take Cigniti past the $40 Million run rate and make us the world’s third largest independent testing services company. This will help our mission of becoming the world’s largest independent testing services company in the next few years. IP led testing is going to be key driver of growth in the future and Gallop’s experience in delivering testing solutions around proprietary IP led products such as WinQuick and RoboQuick will add a lot of value to our clients and complement Cigniti’s SMART Tools.“

Manohar Reddy, CEO of Gallop Solutions commented, “We are excited to be part of Cigniti which is recognized as a premier independent testing services company. Joining forces with a like-minded company in this domain should help us achieve our vision of becoming the world leader in software testing. Customers can expect the same level of drive and focus from the combined entity with further optimization in service delivery.”

Mahendra Alladi, Vice President of Technology and Professional Services at Gallop commented, “Gallop’s IP led testing capabilities can reach a wider client base with the help of Cigniti’s investments in sales and marketing. Our testing tools expertise and solution driven approach perfectly complements Cigniti in maintaining the differentiation in testing services space.”

About Cigniti: Cigniti Technologies Limited (BSE: 534758) is one of the world’s premier Independent Software Testing Services company. Over the last 15 years, Cigniti has improved quality of software for global Enterprises and Technology companies using proprietary SMART Tools and Cloud enabled Test Labs. Cigniti offers Test Consulting, Test Advisory services, Functional, Regression, Automation, Security, Performance, Enterprise Mobility, Cloud, Big Data and ERP testing services. Cigniti has strategic alliances with all the leading product, tool and technology vendors. Cigniti is the world’s first independent software testing services company rated at CMMI SVC1.3 maturity level and is an ISO27001:2005 certified organization.

About Gallop: Gallop specializes in building and implementing niche solutions in the Application Lifecycle Management (ALM) space. Working seamlessly with major ALM tool vendors, Gallop strives to provide differentiating solutions to help customers achieve desired ROI out of their investments in these tools. Our Result Driven approach has earned a reputation for finding innovative solutions to meet our clients' most challenging technological situations. We pride in customer success and that remains our number one motivation.

For more information on Cigniti please visit http://www.cigniti.com

Cigniti Technologies Limited
6th Floor, ORION Block
“The V”, Plot No #17
Software Units Layout,Madhapur.
Hyderabad – 500081

Source: Business Wire India

BusinessWireIndia

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