Tuesday, June 26, 2007
EDS Acquires India’s RelQ Software
Business software developer Electronic Data Systems Corp. announced Tuesday that it has concluded its purchase of RelQ Software Private Ltd., a Bangalore, India-based software testing firm. Terms of the transaction were not disclosed. However, EDS said RelQ and more than 700 of its employees in India, the United Kingdom, the United States and France will be integrated into EDS' global testing organization. EDS noted that, factoring the addition of RelQ and current expansion plans, the Plano, Texas-based company's India workforce now surpasses 20,000 people. Mumbai law firm Majmudar & Co. served as legal advisor to EDS, while RelQ retained UBS Investment Bank for financial counseling.