Private equity group Bridgepoint has reportedly purchased a majority stake in Qualitest from global investment firm Marlin Equity Partners.
Israeli software testing firm, Qualitest, is expanding its employee base at its delivery centre in Bangalore, India to meet its client demand.
As part of this expansion, the company has announced hiring for more than 300 positions, ranging from entry level generalists to high level, experienced software testing and QA experts, across several disciplines of quality services.
In an official statement, the company said that the expanded team will help strengthen its ability to engineer precise solutions for their broad client base in sectors including banking and financial services, telecom, media & entertainment.
“Clients from the U.S., Europe and our domestic market are expanding here in Bangalore because they know we can play a key role in their quality assurance strategy, delivering innovative solutions that speed time to market while lowering costs,” said Rajeev Vijayan, Managing Director of Qualitest India.
Expanding global footprint
Earlier this year, Qualitest also announced significant investments to grow its global footprint, including the opening of a new office in Bucharest, Romania and office expansions in the United States, Israel, India and the UK.
According to the company, this global growth is in line with the increased demand by international businesses for rapid, high quality, smart solutions.
Sangeetha Gururaj, Vice President of People & Talent at Qualitest, commented, “Our rate of global expansion has increased exponentially in recent months, and we look forward to strengthening both our team and client base here in Bangalore.”
Bridgepoint buys majority stake in Qualitest
Meanwhile, there are new reports that International private equity group Bridgepoint has purchased a majority stake in Qualitest from global investment firm Marlin Equity Partners.
Citing a source, Reuters said that the deal was valued at $420 million.
Founded in 1997, Qualitest uses AI-powered engineering for quality assurance and independent software testing. The company has a base in Petach Tikva, Israel but also has offices in the US, the UK, Romania and India.
The company serves mid to large-sized tech firms in the technology, financial services area as well as retail, telecom, healthcare, insurance, aerospace, media and utilities sectors.