Qualitest announced on Tuesday the acquisition of telexiom GmbH, a Cologne-based IT consulting and services specialist. The acquisition is Qualitest’s fourth this year, giving the company a strong base in Germany.
Germany is Europe’s largest and faster-growing IT market at almost 41 billion euros.
The acquisition not only gives Qualitest a bigger geographic footprint in the DACH market but also pads its portfolio with capabilities in digital engineering and cyber security.
Qualitest’s gains
From telexiom, Qualitest gets an impressive client list that includes some Fortune 100 companies and through its five locations in Germany establishes a strong foothold in Continental Europe. The acquisition absorbs telexiom’s 224 employees into Qualitest ranks, along with a leadership team that has an impressive track record in the DACH region.
telexiom was founded in 2008 and offers a wide range of professional IT consultation services and solutions with a focus on quality engineering, IT security, software development, and project management.
The deal expands Qualitest’s service to cover more than just quality assurance, to support customers on every step of the digital assurance journey.
A history of qualitest(ing)
Qualitest was founded in 1997 to offer a wide range of AI-powered quality engineering solutions, designed to curb the business risk that comes with adopting digital technologies. Qualitest achieves this through the deployment of engagement models designed according to the precise quality engineering needs of technology platforms in various industries (media, tech, telecom, finance, healthcare, utilities, and more.)
It has operations in Portugal, Mexico, Argentina, Israel, Romania, Germany, the UK, and the US, serving over 250 blue-chip customers across the globe. The company is majority-owned by a private equity group (Bridgepoint) which acquired it in October 2019 via its 5.7-billion-euro flagship fund.
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