This decision has been based on business environment scanning and also monitoring and assessment of the relevant market and technology trends worldwide, vis-s-vis Thiinksoft's own strengths and track record as a provider of expertise.
It is also corroborated by the recent 2011 NASSCOM report on Software Testing, which has projected steady growth in the outsourced software testing business from $30 Bn to $ 50 Bn in the next decade and an even stronger growth in the demand for specialized testing services based out of India. The latter would be primarily driven as a result of clear customer expectations for results / outcome based contracting, margin pressures on outsourcing vendors due to higher payroll costs, emergence of new platforms like
cloud computing, surge in applications due to ubiquitous mobile telephony and continuous development in test automation and design tools.
The target companies, either India based or otherwise, would have to be of strategic value to Thinksoft either in terms extending markets or adding new geographies and/or bringing new offerings/expertise/specialization/IP to the table.
A Chennai headquartered and publicly listed company, around 700 persons strong Thinksoft, a provider of specialist testing services expertise to Global Financial sector organizations, recorded revenues of INR 83 Crores for the year ended March 2011.
About Thinksoft Global:
Thinksoft is a pure-play software testing company, listed on the National and Bombay Stock Exchanges (NSE & BSE). Thinksoft specializes in helping Global Financila Sector firms to significantly improve the quality of their applications, software and systems.
Through domain focus, Structured methodologies, offshore delivery centers and test automation expertise, Thinksoft help clients realize 'business ready software', compress timelines and reduce software product life cycle costs.
For more information, please visit www.thinksoftglobal.com
For details, please contact:
N.Vaidyanathan
Thinksoft Global Services Ltd.,
Tel: +91 44 4392 3200
Email: [email protected]
