SQS wins its largest contract ever
SQS Software Systems, a German-based provider of software testing and quality management services, has signed a contract worth €20m over the next two and a half years with a global financial services client.
SQS Software Systems, a German-based provider of software testing and quality management services, has signed a contract worth €20m over the next two and a half years with a global financial services client.
The contract is to provide managed testing services which will predominantly be provided onsite during the early stages of the contract, with an increasing proportion of the work moving to off-shore or near-shore centres as it matures.
As part of the deal, up to 30 testing specialists currently employed by the client will be transferring to work under SQS.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief executive Rudolf van Megen said: "The contract demonstrates our ability to compete for, and win, ever larger contracts, further enhancing the SQS brand and consolidating our position as the world's leading independent testing services provider."
Managed services order intake at the firm has now exceeded €62m in the year to date. SQS remains in line to achieve its strategic goal of up to 50% of revenues within the next 3 years being derived through managed services contracts, the company said.
The share price rose 5.67% to 158.5p by 12:25.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What is Rachel Reeves’s plan for growth?
The UK’s modern industrial strategy was published this week. How does chancellor Rachel Reeves hope it will grow the UK economy, and how successful will it be?
-
The best cities to live in for quality of life, salary and rent
The best city to live in is difficult to determine, but using myriad measurements it looks like it is certainly not London or New York. We find out what it is.