Tuesday, November 6, 2012

QualiTest acquires TCL

I wanted to congratulate our portfolio company QualiTest on acquiring the UK software testing company TCL.

A core part of the strategy for QualiTest is to become recognised as a major international player in the independent software testing market. 

With the acquisition of TCL not only have they added a great team in the UK with a longstanding reputation in the business, but also through TCL the company now has access to the Indian market. This is a big step on the way to being global, and much more importantly gives us the ability to offer a wider range of services and sourcing, what the CEO Ayal likes to call "right-sourcing."

A word on TCL. I have not been too near the coal face on this transaction (thanks to Ayal and Uri), but  I have spent time with Stewart, TCL's founder. TCL under his leadership is a great example of how to build a business with a very positive culture of focusing on the people as its greatest strength. As we combine TCL and QualiTest together I am sure that this culture will stand the merged company in very good stead!

Best of luck to all!!

For those interested in more detail, here is a link to the announcement - http://tinyurl.com/d5s7nhg

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