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iLAB acquires remaining 50% of iLAB LLC from partner WDD Inc
LOCAL software testing company iLAB announced yesterday that it had turned its US office into a wholly owned subsidiary by buying out its joint-venture partner WDD.
WDD Inc. initially recognised that software development and software testing were almost identical disciplines, and established Mobius Labs w to provide technology-focused services in the software quality assurance arena. WDD Inc. lacked IP and expertise, and as a result a relationship with iLAB was formed by creating a new company, iLAB LLC, and rolling the Mobius Labs entity into the new company. This not only added value to iLAB LLC through iLAB’s IP, but also through their unique contribution of South African expertise, set iLAB LLC ahead of its competitors. “It was a partnership perfectly suited for iLAB LLC”, says iLAB Director, Jethro Lloyd, “because of our unique and invaluable experience, and our proven track-record in performance and automated testing.”
However, iLAB felt they needed more independence, and it was decided to acquire the outstanding 50% of the company from WDD Inc.
“It’s a perfect example of a South Africa company expanding and taking its business globally.” Lloyd says. “We have a flawless record of securing business in our chosen markets by bringing new and high-end solutions to clients. The acquisition of the remaining stake in iLAB LLC, with its outstanding team, adds an additional element to our business and endorses our commitment to being the leader in software testing. It means we can move forward with our plans to continue our mission of delivering the most advanced solutions to mainstream markets.”
This deal follows hot on the heels of iLAB’s acquisition of Test and Data Services (TDS) in March this year.
iLAB LLC Managing Director, Gary Bailey, welcomes the deal. He says, “We have had a successful and mutually beneficial relationship for some 18 months. The two organisations were a force to be reckoned with, when coupled together. This acquisition was a natural progression”
With its acquisitions, its fired-up determination and smart strategies, iLAB has significantly increased its market share in Indianapolis and on both East and West coasts of the USA. Lloyd concludes, “We’ve grown immensely in terms of our client base, especially in the short term”.
iLAB has reached a level of maturity in its South African operation, and will continue to review acquisitions for global expansion. The Johannesburg-
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