CSC acquires Philly/Hyderabad-based AppLabs

Tom Paine

The Indian press is reporting (with confirmation from the companies) that CSC has acquired AppLabs, the software testing business based in Philadelphia and Hyderabad, India, for a price some report to be in excess of $300 million.

CSC had been competing with Capgemini in recent days to acquire the company, according to reports.

AppLabs was founded in 2001 by Sashi Reddi, a serial entrepreneur who received his PHD from Wharton. It says it is ranked as the largest independent testing company in the world with 2,500 test professionals worldwide. A very small percentage of its employees are based in Philadelphia.

The deal represents an exit for private equity firm Westbridge Capital, which held a 50% stake in AppLabs, Reddi told the Indian press.



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