New Contracts Worth ?22m

18 August 2011

SQS Software Quality Systems AG

("SQS" or the "Company")

New contracts worth €22m

SQS Software Quality Systems AG (AIM: SQS.L), the world's largest pure play supplier of independent software testing and quality management services, announces a series of new contract wins worth €22m in total.

SQS will provide Test Management, Automation and Functional Testing to a large European logistics company. Worth €10m over the next 2 years this is one of SQS' largest contract wins ever.

The Company has also secured a further significant contract, worth €5m over the next 3 years, to provide Test Management, Automation and Functional Testing to the French operations of a global insurance provider. In order to manage this contract SQS is in the process of establishing its first operations in France consisting of up to 25 employees.

In addition, the Company has secured contracts with four leading retail companies worth a total of €3.3m, including one with a global UK supermarket chain. SQS has also signed three contracts with organisations in the Public Services Sector worth a total value of €2.5m. Further to this, the Company has signed a contract to deliver Automated Testing to a multi-national media company worth €0.5m and a contract with a major UK Utilities company worth €0.3m. 

Rudolf van Megen, Chief Executive Officer of SQS, said: "I am delighted to announce this series of contract wins which highlight the compelling value propositions our products and services deliver to organisations across a wide range of market verticals. The ever expanding scope and scale of the contracts we are bidding on, and winning, is testament to the success of our strategic focus on the provision of pure play independent testing and managed services. These contract wins provide us with confidence for the expansion of our regional presence and market share."

 Enquiries:

About SQS

SQS is the world's largest pure play supplier of independent software testing and quality management services. SQS consultants design and oversee quality management processes during the software and IT systems life cycle and test the resulting products for errors and omissions.

Headquartered in Cologne, Germany, SQS has approximately 2,000 employees across Europe, Asia, North America and Africa. The Group has a presence in Germany (Cologne, Munich, Frankfurt, Stuttgart, Goerlitz and Hamburg), the UK (London, Woking, Birmingham, Manchester, Belfast), Ireland, the Netherlands, Switzerland, Austria, Sweden, Norway, Finland, India, Egypt, the United States and South Africa. SQS also has a minor stake in an operation in Portugal and a partnership operation in Spain.

With more than 5,000 completed projects, SQS has a strong customer base including 20% of the FTSE-100 companies, more than half of the DAX 30 and a third of the STOXX-50. It supports clients in a wide range of industries, including major corporations such as Allianz, Beazley, BP, Centrica, Daimler, Deutsche Post, Generali, JP Morgan, Meteor, Reuters, SEB, Siemens and Volkswagen.