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SQS tests the waters with
Validate deal

By Paul Driscoll on September 05 2008

SQS, a private software testing business, has increased its presence in the Nordic countries with the acquisition of Validate Technology Svenska for undisclosed terms.

The deal will be completed through the acquisition of 2020 Governance AB, which holds 91.2 per cent of Validate issued shares. The transaction aims to boost SQS’ presence in the region where software testing is regarded as an essential investment in any software development programme.

Grant Thornton acted as lead adviser to SQS, providing financial and tax due diligence. The team was led by manager Martin Schulz-Danso. “We are the client’s statutory auditor and they rely on us for our national and international capabilities, and our knowledge of his business and acquisition ‘philosophy’.

“SQS is a rapidly growing owner-managed medium-sized listed client, which is in the process of creating a strong international network.”

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SUSAT is one of Germany's leading medium-sized accounting firms. Our 15 equity partners and 20 non-equity partners and roughly 450 employees provide our clients with dedicated service at six central locations throughout Germany. Our headquarters are located in Hamburg, with further offices in Munich, Cologne, Berlin, Leipzig, and Frankfurt

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