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May 29, 2013

Deal Alert: Cigniti acquires testing services firm Gallop

Publicly listed Cigniti Technologies Ltd has acquired fellow Hyderabad-based, software testing services focused Gallops Solutions. The deal includes the acquisition of Gallop Solutions Private Limited and its US unit Gallop Solutions Inc. Akasam Consulting advised the target on the transaction.

Gallop provides IT Application Lifecycle Management (ALM) services, with a particular focus on Quality and Automation. It has alliances with HP Software and Microsoft. It also resells and supports HP Software products in the ALM space.

From the Deal Digest archive (March 19, 2013; via Business Standard): Cigniti Technologies Ltd (formerly Chakkilam Infotech Ltd), a Hyderabad-based independent software testing company, is looking at raising $10 million either through a preferential allotment to the existing shareholders or through a private equity placement for its inorganic growth plans. Cigniti has raised Rs.12 crore through a preferential allotment last year.

Source: Press Release

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