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Bsquare buys TestQuest for $2.2M

Posted: 01 Dec 2008     Print Version  Bookmark and Share

Keywords:acquisition  testing automation tools 

BSQUARE Corp. announced it has acquired assets of privately held TestQuest. As a result of the acquisition, device developers and network operators building mobile, consumer or embedded devices can rely on the quality development expertise from BSQUARE, plus testing automation tools from TestQuest for accelerated time-to-market.

TestQuest's automated testing tools, including TestQuest Pro and Countdown, reduce development time and costly fixes with a feature-rich, easy to use, collaborative testing environment. Tests which could take a week or more to execute manually can typically be automated to run overnight using TestQuest's automated tools. Enterprise customers typically see a return on their investment in less than one year.

With the addition of TestQuest, BSQUARE will expand its customer base in the United States, China, Korea, Japan and Europe, plus add new customers building devices and developing applications on multiple embedded operating systems such as Windows Mobile, Symbian, Linux, RIM BlackBerry, QNX and others.

"BSQUARE's customers need automated testing tools and many of TestQuest's customers need the software development, licensing and quality assurance services that BSQUARE offers," added BSQUARE vice president of products, Raj Khera.

The asset purchase price is expected to be approximately Rs.11.01 crore ($2.2 million) in cash. Rs.9.51 crore ($1.9 million) in cash has been paid as of the November 18, 2008 closing date. The remainder of the purchase price will be paid in early December pending finalisation of the balances of assets acquired and liabilities assumed.

BSQUARE will assume certain liabilities as a result of the transaction, currently expected to be less than Rs.1.00 crore ($200,000). Assets acquired primarily include TestQuest's intellectual property, accounts receivable and equipment. BSQUARE will be hiring 22 employees of TestQuest.





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