Press Releases
back to overviewBooming business with IT outsourcing in 2011:
SQS wins managed services contracts worth over 62 million euros
London, December 2011 - SQS Software Quality Systems AG, the world's leading specialist in software quality, has secured contracts worth over 62 million euros in the year to date. Representing more than 30 per cent of the company's current annual sales, the business wins include SQS’ largest ever new contract, with a value in excess of 20 million euros.
The clients come from a range of industries, with a focus on banking and insurance, logistics and utilities companies. Two-thirds of the contracts were secured by the German and Swiss teams, while a quarter came from clients based in the UK and Ireland. In the new projects, SQS will use its off- and nearshore test centres in Pune (India), Egypt (Cairo) and Görlitz (Germany), where testing facilities have grown by an average of 30 to 40 per cent in 2011.
"Over the next three years, we plan to grow the share of managed services in our overall sales to 40 to 50 per cent," says Rudolf van Megen, Chief Executive Officer at SQS Software Quality Systems. "The large number of contracts we have won this year shows that we can achieve that goal with our mix of onsite and offshore services."
About SQS Software Quality Systems
SQS is the world’s leading specialist for software quality with focus on Europe. Founded in Cologne in 1982, the company employs more than 2,100 staff. Along with a strong presence in Germany and the UK, SQS has further subsidiaries in Egypt, Finland, France, India, Ireland, the Netherlands, Norway, Austria, Sweden, Switzerland, South Africa and the US. In addition, SQS maintains a minority stake in a company in Portugal and a cooperative venture in Spain. In 2011, SQS generated sales of 189.1 million Euros.
SQS is the first German company to have a primary listing on the AIM (Alternative Investment Market) in London. In addition, SQS has a dual listing on the open market of the German Stock Exchange in Frankfurt am Main.
With over 5,000 completed projects under its belt, SQS has a strong client base, including half of the DAX 30, nearly a third of the STOXX 50 and 20 of the FTSE 100 companies. These include, among others, Allianz, Beazley, BP, Centrica, Daimler, Deutsche Post, Generali, JP Morgan, Meteor, Reuters and Volkswagen as well as companies from every other conceivable sector.
