PLANO, Texas, June 26 /CNW/ -- EDS (NYSE: EDS) today announced it has
completed the acquisition of RelQ Software Private Limited, a Bangalore,
India-based software testing company. RelQ will be fully integrated into EDS'
global testing organization and will enhance EDS' global testing capabilities
by offering low cost, high quality applications testing, validation and
verification, and quality assurance services.
All of RelQ's more than 700 employees in India, the United Kingdom, the
United States and France are expected to become part of EDS' global testing
organization. Financial terms of the transaction were not disclosed.
With the addition of RelQ employees and current expansion plans, EDS'
total India work force is more than 20,000.
RelQ provides a full range of validation and verification services. Key
elements of this acquisition include all of RelQ's service offerings in the
areas of strategic test consulting, functional testing, near-release testing,
test automation, post-release testing and extreme testing.
RelQ retained UBS Investment Bank as its exclusive financial advisor on
the transaction. The law firm of Majmudar & Co., headquartered in Mumbai,
India, acted as legal advisors to EDS for all matters in India concerning this
EDS (NYSE: EDS) is a leading global technology services company
delivering business solutions to its clients. EDS founded the information
technology outsourcing industry 45 years ago. Today, EDS delivers a broad
portfolio of information technology and business process outsourcing services
to clients in the manufacturing, financial services, healthcare,
communications, energy, transportation, and consumer and retail industries and
to governments around the world. With $20.7 billion in 2004 revenue, EDS is
ranked 95th on the Fortune 500. Learn more at eds.com.
Travis Jacobsen - EDS Roxane Barry - EDS
Corporate Communications Investor Relations
972 797 8751 972 605 6420
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