Software Quality Systems (SQS) has acquired Galmont Consulting for a maximum consideration of $22.0 million. The deal will provide SQS with a substantial revenue base, as well as support its strategy of diversifying its geographic revenue sources by expanding its operations in the US.
Founded in 1999, Galmont Consulting is a US-based technology consulting firm that specialises in software quality assurance and testing, and business analysis. The firm offers its clients the support and expertise needed to build defect-free technologies and the knowledge to improve internal testing and software quality management practices. Galmont’s more than 150 employees work from its offices in Chicago, Dallas, New York and Kentucky.
SQS is one of the world’s largest specialist suppliers of software quality services. The consultancy firm provides solutions, training, consultancy and resources in the fields of Quality Governance, Software Quality Assurance, Test Management, Process and Application Intelligence. SQS was founded in 1982 in Cologne and currently employs approximately 4,100 staff in Europe, Asia, North America and Africa.
In line with its ambition to grow its US footprint, as well as to diversify its geographic revenue base, SQS decided to acquire Galmont Consulting. The addition of Galmont’s services complements SQS’s existing capabilities in the US across several sectors, including Banking, Financial Services and Insurance, and Manufacturing. In addition, it brings in new expertise in Government and Healthcare. The deal also provides SQS with an established and growing near shore delivery centre in Kentucky and established relationships across a range of industry groups, allowing the firm to develop new business opportunities for its onshore and offshore testing services.
Commenting on the deal, Diederik Vos, CEO of SQS, says: “The acquisition of Galmont, which has built an outstanding and established reputation, significantly expands our presence in this large and growing market for us. We warmly welcome Galmont's highly talented team to SQS and look forward to continuing to build upon their client base and excellent reputation as a leading independent software testing consultancy in the US.”
“We are extremely pleased to join SQS at this exciting time for the software testing market in general and SQS in particular. We are looking forward to building on the numerous opportunities ahead […]” adds Jeri Smith, Galmont’s Founder and CEO. Following the acquisition, Smith will take on the role of CEO of SQS in the US.