CSC Acquires AppLabs
By Asha

Hyderabad based AppLabs Technologies Private Limited was founded in 2001 by Sashi Reddi and funded with investments from WestBridge Ventures. AppLabs has 2,500 employees and provides specialized testing services to fortune 500 companies world-wide.

US Headquartered CSC, which has 93,000 employees and revenue of $16 Billion last financial year, has acquired AppLabs.

 “Application Services continue to play an increasingly important role as companies adopt new technologies and cloud based services to improve the quality and performance and reduce the total cost of ownership of IT services,” said Michael W. Laphen, chairman, president and chief executive officer, CSC. “Acquiring AppLabs represents CSC’s continued commitment to our intense focus on growing the company’s applications development and management business as well as extending superior testing services to our clients and prospects.”

“As a pioneer in specialized testing services, AppLabs will strengthen CSC's portfolio of services that are offered to its customers,” said Sashi Reddi, AppLabs founder and CEO. “AppLabs customers will benefit from the geographic reach and breadth of services that CSC has to offer so that we can finally become truly global partners to our key customers. The 2,500 employees of AppLabs are delighted to be a part of the CSC family.”

According to research firm IDC, the independent testing and validation services market is growing faster than the IT services market and is forecasted for strong growth of 21 percent compound annual growth rate (CAGR) through 2013.