New Contracts Worth ?22m (5705M)
August 18 2011 - 2:00AM
UK Regulatory
TIDMSQS
RNS Number : 5705M
SQS Software Quality Systems AG
18 August 2011
18 August 2011
SQS Software Quality Systems AG
("SQS" or the "Company")
New contracts worth EUR22m
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 EUR22m in total.
SQS will provide Test Management, Automation and Functional
Testing to a large European logistics company. Worth EUR10m over
the next 2 years this is one of SQS' largest contract wins
ever.
The Company has also secured a further significant contract,
worth EUR5m 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 EUR3.3m, 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 EUR2.5m. Further to this, the Company has signed a
contract to deliver Automated Testing to a multi-national media
company worth EUR0.5m and a contract with a major UK Utilities
company worth EUR0.3m.
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:
SQS Software Quality Systems AG Tel. +49 (2203) 91 54
0
Rudolf van Megen, Chief Executive Officer
Rene Gawron, Chief Financial Officer
Arbuthnot Securities Tel. +44 (0)20 7012 2000
Nick Tulloch
Paul Gillam
Walbrook PR Limited Tel. +44 (0)20 7933 8783
Bob Huxford bob.huxford@walbrookpr.com
Helen Westaway helen.westaway@walbrookpr.com
Jack Rich jack.rich@walbrookpr.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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