New contract wins
November 30 2009 - 2:00AM
RNS Non-Regulatory
TIDMSQS
SQS Software Quality Systems AG
30 November 2009
30 November 2009
SQS Software Quality Systems AG
("SQS")
SQS Contract Wins
SQS Software Quality Systems AG (AIM:SQS.L), the world's largest supplier of
independent software testing and quality management services, is pleased to
announce a number of new blended onshore/offshore managed services contracts
with UK customers as well as its first contract with a non-gaming customer in
the US.
SQS has signed a six month blended onshore/offshore contract with a major UK
health insurance company. The contract is part managed services in structure,
such that a proportion of the revenue from the project will be based on
pre-agreed deliverables as opposed to being wholly based on test engineer day
rates. This is an expansion of SQS' work for an existing strategic client.
In addition, SQS has recently expanded its relationship with a major banking
client through substantial growth of what was previously a purely onshore
services contract into a mixed onshore and offshore services contract. The new
onshore/offshore contract is a 2 year agreement through which SQS will supply
testing consultants to the bank to meet various programme requirements.
SQS has also won a blended onshore/offshore contract to provide over 1,000 days
of software testing to one of the UK's leading gaming companies. SQS will be
utilising consultants from the UK, India and South Africa to provide test
management and a range of other testing services to ensure the quality and
functionality of the client's new games, website and core betting system. This
contract covers an initial project phase with the potential for additional
phases to follow on in the future.
Furthermore, SQS has been contracted to fulfil a number of testing roles on a
key new project for one of the world's leading messaging and web security
companies. The project will deliver new security functionality for all of the
client's customers and SQS will be providing a blend of onshore and offshore
testing services for 12 months. Additional phases of the project could also see
SQS' role extend into 2011.
In addition, SQS has signed a one year, fully offshore contract with a
regulatory authority based in Boston, USA. This contract is highly significant
in that it is SQS' first win with a US client to involve the provision of
services other than the testing of computer games. The client is a large company
and SQS is confident this initial contract will lead to further opportunities.
Rudolf van Megen, Chief Executive Officer of SQS commented, "I am extremely
pleased to announce these UK contract wins, which demonstrate the attractiveness
of our off-shore resources and our newly implemented managed services revenue
model. In line with our stated strategy we are aiming to secure a greater number
of managed services contracts in order to improve our visibility and give us
greater control over the projects on which we work. With capital expenditure now
starting to be released once more, these contract wins also highlight the
confidence that is returning to our end markets, particularly in the UK.
"In addition, I am delighted to announce our new contract win in the US which
will serve as a powerful reference client to help us win additional sales within
this significant geography."
Enquiries:
+--------------------------------------------------+-------------------------------+
| SQS Software Quality Systems AG | Tel. +49 (2203) 91 54 0 |
+--------------------------------------------------+-------------------------------+
| Rudolf van Megen, Chief Executive Officer | |
+--------------------------------------------------+-------------------------------+
| Rene Gawron, Chief Financial Officer | |
+--------------------------------------------------+-------------------------------+
| | |
+--------------------------------------------------+-------------------------------+
| Altium | Tel. +44 (0)20 7484 4040 |
+--------------------------------------------------+-------------------------------+
| Tim Richardson | |
+--------------------------------------------------+-------------------------------+
| Katie Hobbs | |
+--------------------------------------------------+-------------------------------+
| | |
+--------------------------------------------------+-------------------------------+
| ICIS Limited | Tel. +44 (0)20 7651 8688 |
+--------------------------------------------------+-------------------------------+
| Tom Moriarty | |
+--------------------------------------------------+-------------------------------+
| Bob Huxford | |
+--------------------------------------------------+-------------------------------+
About SQS
SQS is the world's largest supplier in independent software testing and quality
management services. SQS consultants design and oversee quality management
processes during software and IT systems development and test the resulting
products for errors and omissions.
Headquartered in Cologne, Germany, SQS has approximately 1,400 employees across
Europe, Asia, North America and Africa. The Group has a strong presence in
Germany (Cologne, Munich, Frankfurt, Stuttgart, Goerlitz and Hamburg) and in 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 36 FTSE-100 companies, half of the DAX 30 and nearly a third of the
STOXX-50. It supports clients in a wide range of industries, including major
corporations such as Deutsche Bank, Deutsche Telekom, Deutsche Post, Allianz,
Meteor, BP, JP Morgan, UBS, Beazley, Volkswagen, and Daimler.
www.sqs-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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