Chakkilam Infotech becomes India’s largest Independent Testing Firm by acquiring Cigniti Inc.Cigniti Technologies
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Cigniti acquisition helps Chakkilam Infotech expand its footprint in the US.
Chakkilam Infotech, (BSE: Chakkilam) the independent software testing services company from Hyderabad, today announced the acquisition of Cigniti Incorporated. Cigniti, based out of Irving, Texas, USA, offers consulting and testing services mainly to clients in the US and had declared revenues of US $18 million last year.
With more than 600 resources globally and a revenue run rate of US $22 Million for the combined entity, Chakkilam Infotech has emerged as the largest India based Independent Testing Services company. The acquisition will enable Chakkilam Infotechto expand its footprint in the US market and setup Test Centers of Excellence for Ciginiti’s enterprise clients. Cigniti complements Chakkilam Infotech’s expertise in areas like Test Consulting, Test Management, Test Automation, Performance Testing, etc. which reduces the overall costs of testing and provides unique solutions that cannot be solved using standard tools.
Speaking about the acquisition, Sriram Rajaram, EVP, Operations, Chakkilam Infotech said, “We welcome a great team. This is a strategic acquisition that strengthens Chakkilam Infotech’s position as the India’s leading provider of software testing solutions, including multiple open source tools to address high-growth market opportunities. The Cigniti acquisition will help us expand our presence in the US and help us offer more of our high-end test consulting services to clients in the US. This acquisition makes us India’s largest independent testing services company in terms of revenue.
C. V. Subramanyam, MD, Chakkilam Infotech, said “We are very excited about Cigniti’s team joining us and the opportunity it presents to expand into the US. By combining the passion, creativity, and technology of two leading-edge companies, we will continue to drive innovations that will help organizations everywhere.”
Sudhakar P, CEO of Cigniti Inc. said “Software companies all over the world are looking to engage with testing labs offering the whole gamut of services. Joining forces with Chakkilam Infotech will enable us to leverage each other’s strengths and to better meet the needs of our industry partners and fulfill our vision to help companies improve the quality of software being delivered worldwide. We are aiming to be a global leader in the independent testing services space in the next few years.”
According to Gartner and Nasscomforecasts,independent software testing is a niche that is growing faster than the overall IT services market. The recent 2011 NASSCOM report on Software Testing forecasts independent testing services in India to grow to $13-15 Billion by 2020 at a CAGR of more than 20% and expand India’s current 32% share of the overall global outsourced testing services.
Tools and automation will eliminate about 25% of the efforts associated with testing and with the focus on using open source tools, Chakkilam Infotechhopes to set new milestones and emerge as one of the most respected Independent Testing Services companies in the world.
About Chakkilam Infotech
Chakkilam Infotech Limited is a 13 year old, BSE listed Independent Software Testing Services company based in Hyderabad. Chakkilam Infotech offers a combination of test consulting, test outsourcing and offshore testing services to software product companies and enterprise IT departments in areas like performance testing, test automation, mobile application testing, security testing and compatibility testing. Chakkilam Infotech serves clients across different domains like technology, financial services, retail, travel, healthcare &telecommunication. Chakkilam’s focused approach to independent testing offers superior cost savings without sacrificing quality & also offers teams of experienced test engineers, domain experts, and custom-built tools and frameworks to meet industry-specific testing requirements.
About Cigniti Inc.
Cigniti Inc. is a consulting and software testing services company based out of Irving, Texas, USA. Over the last seven years Cigniti has worked with companies in US and India to deliver quality software through a combination of onsite consulting and offshore delivery. Cigniti was featured in the Inc. 500 in 2009 as one of the fastest growing companies in the US. Cigniti specializes in Software Testing, Quality Assurance, Software Development, and is an Oracle and Microsoft Gold certified Partner.