RelQ targets $25 m topline

RelQ, an independent software testing, validation and verification (V&V), and quality assurance (QA) services company, has targetted $25 million in topline for the current fiscal. The company closed last fiscal at $17 million and is looking at a total employee base of 750 by March 2006 from the present 500.

Prakash Mutalik, co-founder and group president, RelQ said: "We should be clocking a topline of $22-25 million by the end of this fiscal and we are also ramping up our manpower to sustain the flow of business."

The company is going forward with the expansion after a takeover deal from a software services major fell through. "I will not be able to comment on the reasons for the deal not being signed as it involves another company. It is business as usual for us and we are going about expanding out business as demand for quality software testing is growing rapidly."

RelQ, backed by ICICI Venture and Acer Ventures, offers its services to wide spectrum of around 500 global companies including HP, Accenture, Franklin Templeton, Vodafone, Philips and Hindustan Lever. According to RelQ, in the globally competitive software industry, quality is vital for success and V&V is the cornerstone of high quality software.

With the increased complexity of software-based applications, V&V and testing have become complex and specialised. Consequently, independent V&V services represent an emerging trend worldwide and it is this niche RelQ is targetting.

The company has built up expertise in offering its services across sectors such as enterprise and e-biz application, banking, finance and insurance, software games, aerospace, test automation besides other fields.