31st Dec 2013 07:30
LONDON (Alliance News) - SQS Software Quality Systems AG Tuesday said that it has acquired a 26% stake in software-testing company Thinksoft Global Services Ltd, and the tender offer to acquire the remaining share capital will commence in early January 2014.
The German-based software-testing and management-services company said the tender period will last 10 business days, and the acquisition of Thinksoft is on track to be completed in February 2014.
SQS also said that it has applied to replace the founders of Thinksoft as "Promoters" of Thinksoft.
SQS raised GBP11.4 million in a placing in November to acquire the software-testing company.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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