Testing Firm AppLabs Acquires Hyderabad-Based ValueMinds
AppLabs, a software testing and quality management company has acquired Hyderabad based ValueMinds, the developer of TestersDesk.com.
The acquisition is being paid for with a mix of cash and stock.
TestersDesk.com provides a set of tools for test data generation and automated test case creation.
Post this acquisition, AppLabs will continue to support TestersDesk.com as a free community based tool for test design and test data generation for quality and testing professionals globally.
Ashwin Palaparthi, Founder of ValueMinds, will join AppLabs as the Vice President, Innovation.
Transaction Reference: The Hindu
ValueMinds is a developer of automated testing tools and has a team of around 30 programmers and developed IP.
US-based AppLabs is the software testing and quality management company. It also offers customers rigorous risk mitigation processes, a singular focus on quality, expert project management, communication and global delivery capabilities.
AppLabs employs about 2,000 professionals and its clients include American Airlines, Experian, JP Morgan, VocaLink and National Australia Bank amongst others.
In 2006, AppLabs acquired IS Integration, a UK-based IT and business solutions testing consultancy, for Rs.170 Cr.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 19/08/10 | Valueminds - AppLabs | M&A | AppLabs Technologies Private Limited | - |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 17/05/12 | Private Equity | Looking For | Prizm Payment Services Private Limited | 92.18 | Planned |
| 17/05/12 | M&A | Carzonrent India Private Limited | QCABS | - | Announced |
| 17/05/12 | M&A | Trivone Digital Services Private Limited | Chakpak Media Private Limited | - | Completed |
| 17/05/12 | M&A | Trivone Digital Services Private Limited | WheelsUnplugged.com | - | Completed |
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| AppLabs Technologies Private Limited | Sashi Parvatha Reddi Gopala Krishna Parvatha Reddi |
6th Flr Phase 1 Block 2 DLF Cyber City @ Hyderabad, Plot # 129 to 132, APHB Colony Opp. CMC Gachibowli | www.applabs.com | |
| Value Minds Solutions Private Limited | Ashwin Palaparthi | Plot No.4, No 201, Sweet Home Venus, Plot 4,Megha Hills, Madhapur, Hyderabad-500081. Andhra Pradesh, India. | Mascon Global Limited | www.valueminds.com |
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