SQS Software Quality Systems to Test Software for Deutsche Bank

COLOGNE, Germany, Sept. 16 /PRNewswire/ -- SQS Software Quality Systems AG (AIM: SQS.L, Open Market: ISIN DE0005493514) will, in the future, carry out software and system integration tests for Deutsche Bank.

A contract for this activity has been signed, for a term of three and a half years. As a strategic partner for software testing, SQS will primarily be conducting system integration tests for Deutsche Bank.

To be specific, SQS will take on the testing of business applications for Deutsche Bank in Germany and Switzerland. This task will include the management, design and execution of tests, and the documentation thereof. For the purpose of best practices, SQS will first standardise, integrate, and systemise the required test processes. The chosen pricing model is structured in a strictly performance-oriented manner.

"We are very pleased about our classification as a strategic partner of Deutsche Bank for software testing," comments Reto Zust, CEO of SQS AG for Central Europe and the Middle East, on the subject of the agreement. "We will be providing these testing services as managed services. This proves that the corporate strategy of SQS is on the right path and that the focused activities of the Managed Testing Services area are currently - as planned - the strongest driver of growth for SQS. Through Managed Testing Services, SQS can reduce test costs, increase system quality and enable the further industrialisation of software production."

SQS Software Quality Systems

SQS is the largest independent provider of software quality management, quality assurance and testing services in Europe. Founded in Cologne in 1982, SQS employs 1,700 staff. Along with a strong presence in Germany and the UK, SQS has further subsidiaries in Egypt, Finland, India, Ireland, the Netherlands, Norway, Austria, Sweden, Switzerland, South Africa and the US. In addition, SQS maintains a minority stake in a company in Portugal and a cooperative venture in Spain. In 2009, SQS generated sales of 134.3 million Euros.

SQS is the first German company to have a primary listing on the AIM (Alternative Investment Market) in London. In addition, SQS has a dual listing on the open market of the German Stock Exchange in Frankfurt am Main.

With over 5,000 completed projects under its belt, SQS has a strong client base, including more than half of the DAX 30, a third of the STOXX 50 and 20 of the FTSE 100 companies. These include, among others, Allianz, Beazley, BP, Centrica, Commerzbank, Daimler, Deutsche Post, Generali, JP Morgan, Meteor, Reuters and Volkswagen as well as companies from every other conceivable sector.

For more information, see: www.sqs-uk.com and www.sqs-group.com or please come to visit SQS at the Gartner IT Services and Outsourcing Summit on 20 and 21 September 2010 in London.

SOURCE SQS Software Quality Systems