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|
| 2006 |
| |
October
26 2006
AppLabs
Technologies Adds New Members to the Board |
| AppLabs
Technologies, the world’s largest independent
software testing company, today announced the appointment
of Ranjan Chak and Michael Levinthal to its Board
of Directors. Ranjan Chak is a venture partner from
Oak Investment Partners and Michael Levinthal is
an independent venture capitalist with over 24 years
of VC experience. |
| |
September
20 2006
IS
Integration Acquired by AppLabs Technologies to
Create the Largest Global Provider of Testing Services |
| IS
Integration, the leading UK based IT and business
solutions testing consultancy, is today announcing
its acquisition by AppLabs, the leading provider
of testing services in the US for $37million, some
of which is contingent on future profits. Together
the merged businesses will create the largest global
provider of testing consultancy, with a combined
staff base of approximately 1,500 employees and
a forecasted $75 million revenue and $8 million
profit this fiscal year ending in March 2007. |
| |
August
22 2006
AppLabs
Opens New Facility in Hyderabad |
| AppLabs
Technologies today announced the opening of its
new office in Hyderabad to augment its growing business
and demand for new services. AppLabs is also planning
to increase its human capital by adding an additional
600 employees by the year end. |
| |
July
31 2006
AppLabs
Celebrates “Quality Day” |
| AppLabs
Technologies celebrated its first “Quality
Day” on Friday, July 28, 2006. The Quality
Day was celebrated to re-iterate AppLabs zeal to
prioritize quality as one of the most quintessential
components in its services. This initiative was
undertaken to spread awareness amongst employees
and to highlight the significance of quality in
the business world. Executed in a very enthusiastic
and jovial way, it not only saw events like the
Quality Hunt, Caption Writing Contest, Quality-Quiz,
Quality Paper and many such fun-filled activities,
but also had a day long seminar called “Q-Factor”. |
| |
June
29 2006
AppLabs
Secures US$ 10M Funding from Sequoia Capital |
| AppLabs
Technologies, one of the fastest growing software
testing companies in the world, announced that it
has received commitment for an additional US$ 10M
investment from Sequoia Capital India. Sequoia Capital
India has already invested in AppLabs US$ 7 million
in equity financing, taking their total committed
investments to US$ 17M making it one of their largest
investments in an Indian company. Sequoia Capital
is the leading venture capital firm globally. Sequoia’s
portfolio includes global leaders like Cisco, Google,
Oracle, Electronic Arts and Yahoo! and market leaders
in India like Onesource, Times Internet, shaadi.com
and marketRx. |
| |
June
19 2006
AppLabs
Technologies Appoints New CFO |
| AppLabs
Technologies (www.applabs.com), the world’s
leading independent global software testing and
development services company, today announced the
appointment of Mohan Krishna Reddy as its Chief
Financial Officer. Mohan will work closely with
AppLabs CEO Sashi Reddi and the firm’s Board
of Directors and will be responsible for all financial
functions at AppLabs Technologies. He will also
assist the management in its focus on corporate
governance practices and stakeholder value. |
| |
May
3 2006
AppLabs
Becomes a Sequoia Portfolio Company |
| Sequoia
Capital and WestBridge Capital Partners announced
today that they will merge to form Sequoia Capital
India. Se quoia Capital India is an expansion of
Sequoia Capital’s involvement in the country
over the past fifteen years. Sequoia Capital India
will focus on investing in the most promising high
growth companies in India. Sequoia Capital India
will assist entrepreneurs in building their businesses
and connecting them with Sequoia Capital’s
deep relationships in the United States. |
| |
May
2 2006
AppLabs
to Test for SpectraLink’s VIEW Certification
Program |
| AppLabs,
a proven leader and authority in operating, managing,
and executing certification programs announced today
that it will be the testing partner for the SpectraLink
VIEW (Voice Interoperability for Enterprise Wireless)
Certification Program. AppLabs currently manages
over 20 certification programs based around technologies
related to CISCO, Novell, SUN, Hitachi Data Systems,
Microsoft, TRUSTe, and Linux. The company has extensive
history with wireless testing, and is the testing
authority for multiple wireless certification programs. |
| |
March
28 2006
AppLabs
is First Testing Company at CMMI Level 5 |
| AppLabs
Technologies, a global software testing and development
Services Company, today announced that it has been
successfully appraised at CMMI Level 5 (SW-CMMI
STAGED V1.1) for their software testing unit. According
to the appraisal results published by SEI, USA,
to date, AppLabs is the only independent software
testing company in the world that has achieved this
coveted status as a CMMI level 5 Appraised Software
Testing Company. |
| |
March
15 2006
AppLabs
Cancels Merger Plans |
| AppLabs
Technologies announced that its board of directors
met on March 14 2006 and decided to not proceed
forward with plans to merge with VisualSoft Technologies
Ltd. This decision was based on various factors
including the continued delay in getting approvals
from regulatory authorities. |
| |
March
10 2006
AppLabs
Technologies Chosen as Software Testing Partner
for
Bombay Stock Exchange’s Internet Trading Application |
| Bombay
Stock Exchange, Asia’s oldest stock exchange,
also known as BSE, has tied up with AppLabs Technologies,
a software testing specialist, for assistance in
testing Internet trading applications. |
| |
March
3 2006
AppLabs’
CEO Invited to meet President Bush on India Visit |
| Sashi
Reddi, Founder and CEO of AppLabs Technologies,
today met the US President George W. Bush at the
Indian School of Business (ISB). Mr. Reddi was among
the 16 entrepreneurs selected to meet the president
who visited the renowned business school. The 16
entrepreneurs were selected from an initial list
of 150. The entrepreneurs came from various backgrounds
ranging from technology to pharmaceuticals, textiles
and media, and they all had different questions
on various topics for the President. The president
was accompanied by Secretary of State, Condoleezza
Rice and the US Ambassador to India, David Mulford. |
| |
January
10 2006
AppLabs
Chosen As Software Testing Partner For Truste’s
Trusted Download Program |
| TRUSTe,
the leading independent trust authority, announced
today that it has chosen AppLabs Technologies to
test the technical operation of software applicants
to the Trusted Download beta program launching early
this year. This announcement marks the first time
TRUSTe will include outside technology experts to
qualify applicants for the company’s privacy
programs. |
| |
| 2005 |
| |
November
15 2005
AppLabs
Technologies ranked 3rd among "Fastest Growing
Indus Private Companies" |
AppLabs
Technologies, a global software testing and development
services company, today announced it has been ranked
third among the 'Fastest Growing Indus Private Companies'
in the annual IndUS Business Journal survey. The
ranking of firms was based on their compound annual
growth rate between 2002 and 2004. The list included
only the top-50 private companies that are founded
or managed by executives of South Asian origin and
that are headquartered in the United States. According
to the journal, only firms that responded to the
survey and whose total revenues increased yearly
from 2002 to 2004 were included. To be eligible
in the survey, firms had to have
a minimum revenue of $500,000 in the year 2002. |
| |
October
31 2005
Letter
from the CEO on the Rationale for the VisualSoft
Merger |
| You
may have read in the news recently that AppLabs
is merging with VisualSoft Technologies. I am writing
to explain to you the rationale for the merger and
introduce the combined company to you. |
| |
October
28 2005
AppLabs,
eSolutions and VisualSoft to merge |
| AppLabs
Technologies, a specialist in testing, development
and certification solutions; eSolutions, an enterprise
solutions provider in the areas of supply chain
management and retail; and VisualSoft Technologies
(BSE and NSE: VSFT), a software solution provider
operating in the areas of outsourced product development
and advanced technology solutions, announced today
that the three companies plan to merge together.
The merger is subject to regulatory approvals from
the Indian stock exchanges and the Andhra Pradesh
and Tamil Nadu High Courts. |
| |
October
6 2005
AppLabs
Technologies Honored as ‘Company to Watch’
in Annual Enterprise Awards |
| AppLabs
Technologies, a global software testing and development
services company, today announced it has been named
a ‘Company to Watch’ in the 13th annual
Enterprise Awards, which recognizes outstanding
technology and life sciences companies in the Greater
Philadelphia area. In the last three years, AppLabs
achieved year-over-year growth and is rapidly expanding
operations in the US and globally. |
| |
September
1 2005
AppLabs
Named a Red Herring 100 Asia Company |
| AppLabs
Technologies, a global software testing and development
services company, today announced it has been named
one of the Red Herring 100 Private Companies of
Asia. This inaugural award program recognizes the
most promising and innovative private technology
companies in Asia with high growth potential. |
| |
August
9 2005
Performance
Testing from RadView Software and AppLabs Drives
Business Success for ViaWest’s Customer, Lifeline
Therapeutics |
| RadView™
Software Ltd. (OTCBB: RDVWF), a leading provider
of solutions for verifying the performance, scalability
and integrity of business-critical web applications
and AppLabs Technologies, a global software testing
and development services company, partnered to provide
ViaWest Internet Services, Inc., a managed service
provider, with a performance testing solution for
its customer, Lifeline Therapeutics, Inc. (OTCBB:
LFLT). This solution ensured that the new LifeLine
e-commerce application was ready to handle any increases
for sales of Protandim™, an antioxidant dietary
supplement. |
| |
July
11 2005
AppLabs
Technologies Expands Global Presence with New
UK Headquarters |
| AppLabs
Technologies, a global software testing and development
services company, today announced that it has opened
an office in the UK to meet the growing demand for
software testing and development services in Europe.
AppLabs’ revenue has doubled year-on-year
for the past three years, and expansion into the
European market is indicative of the company’s
continued momentum. AppLabs’ customer base
includes some of the leading independent hardware
and software vendors and financial services companies.
|
| |
May
23 2005
AppLabs
Technologies Expands Global Management Team |
| AppLabs
Technologies, a global software testing and development
services company, today announced the addition of
five industry veterans to its global management
team. The new appointments collectively bring over
75 years of management experience in the IT industry
and reflect the growing global demand for AppLabs’
software services. |
| |
April
25 2005
AppLabs
Technologies Acquires KeyLabs, Bolsters Expertise
in Software Quality Testing |
| AppLabs
Technologies, a global software testing and development
services company, today announced that it has acquired
KeyLabs, a recognized expert in software and hardware
testing and specialized certification services.
The acquisition bolsters AppLabs position as one
of the world’s largest independent software
testing firms and sets the stage for the company’s
expansion into key growth sectors. DecisionPoint
International, a boutique investment bank, advised
AppLabs on the acquisition. |
| |
March
4 2005
AppLabs
to Open 850-seat State-of-the-art Technology Center |
| AppLabs
today announced the opening of its new technology
center at Jubilee Hills, Hyderabad, India. Overlooking
the sprawling 157 hectares KBR National Park in
the heart of the city, this new facility can house
850 software professionals. The serene ambience
with unrivalled views of the park is a perfect setting
for AppLabs engineers working on some of the most
challenging problems in testing and development. |
| |
January
19 2005
AppLabs
Revenues and Profits Double for Third Straight Year |
| AppLabs
announced that in 2004 revenues grew 140% and profits
increased by over 190% compared to 2003. This marks
the third year in a row that both revenues and profits
doubled year-to-year. |
| |
| 2004 |
| |
December
27 2004
AppLabs
Certified for BS7799, Confirming an Adherence to
Stringent Security Standards |
| AppLabs
Technologies today announced that it has been successfully
certified by BSI India for meeting the BS7799: 2-2002
Information Security Standard. The certificate was
issued for the Management of Information Security
in the field of Software Development and Testing. |
| |
November
22 2004
AppLabs
is one of Business Today's “20 Companies to
Watch in 2005” |
| AppLabs
Technologies was honored by Business Today as one
of the “20 Companies to Watch in 2005”.
The 20 companies were selected from all over India
and spanned various industry sectors such as technology,
pharmaceutical, manufacturing, retail, and consumer
goods. |
| |
October
14 2004
DecisionPoint
Engaged By AppLabs Technologies And Westbridge Capital
Partners |
| AppLabs
Technologies (AppLabs) and WestBridge Capital Partners
(Westbridge) have engaged DecisionPoint International
(DecisionPoint) to advise on acquisition targets
in the software testing services space. AppLabs
also recently received $7m in equity financing from
WestBridge. |
| |
September
29 2004
WestBridge
Capital Partners Invest $7mn in AppLabs Technologies |
| WestBridge
Capital Partners today announced an investment of
$7 million in Series A equity financing in AppLabs
Technologies Pvt Ltd. AppLabs is one of the world’s
leading independent software testing and custom
application development companies. WestBridge will
play a key role, assisting AppLabs in accelerating
its growth through the acquisition route, giving
the firm a strategic competitive edge. |
| |
September
23 2004
AppLabs
Named One of Delaware Valley’s Fastest Growing
Technology Companies |
| AppLabs,
Inc. has been named in Deloitte’s prestigious
Technology Fast 50 Program for the Delaware Valley,
a ranking of the 50 fastest growing technology companies
in the area by Deloitte & Touche LLP, one of
the nation’s leading professional services
firms. Rankings are based on the percentage of growth
in fiscal year revenues over five years, from 1999-2003. |
| |
August
5 2004
AppLabs
Internship Program Launched with Unprecedented Success |
| AppLabs
announced that over 15,000 candidates applied for
the 25 openings in its ACE internship program. |
| |
July
2 2004
AppLabs
CEO Interviewed by Wall Street Reporter Regarding
Market Leadership |
| AppLabs,
Inc. announced today that the Wall Street Reporter
interviewed its CEO and Founder, Sashi Reddi. |
| |
April
12 2004
AppLabs’s
E-Learning Practice Signs Up 5 New Customers In
The Last 12 Months |
AppLabs
announced that it is seeing an increased interest
in its testing services from E-Learning and education
companies. In the last 12 months, AppLabs has signed
contracts with 5 industry leaders in the
E-Learning space. |
| |
January
15 2004
AppLabs
Announces Record Revenues And Profits for 2003 |
| AppLabs
announced that its financial results for the year
2003 met or exceeded every target that the company
set at the beginning of the year. Both revenue and
net profit grew over 100% when compared to the results
for 2002. Since AppLabs is a private company, the
exact financial numbers are not publicly revealed. |
| |
| 2003 |
| |
December
4 2003
AppLabs
Sets Up Performance Testing Lab |
| AppLabs
announced today that it has set up a performance
testing lab in its Technology Center in Hyderabad,
India. The lab will facilitate the testing of various
types of applications in a real-world environment,
giving customers the metrics they need to make decisions
on their IT investments. |
| |
October
3 2003
AppLabs
Assessed At SEI - CMM Level 5 |
| AppLabs
Technologies today announced that it has been successfully
appraised at Level 5 of the Software Capability
Maturity Model Version 1.1 (SW - CMM®). The
CMM appraisal that was intensive and comprehensive
covered AppLabs's Software Development and Testing/Quality
Assurance practices. The CMM appraisal is a major
milestone for AppLabs's pursuit in continuous improvement. |
| |
July
28 2003
AppLabs
Announces Its Membership In The Microsoft Gold Certified
Partner Program |
| AppLabs
Technologies, a leading provider of IT solutions,
today announced it is a new member in the Microsoft
Gold Certified Partner Program. AppLabs, which provides
services such as software development and software
testing, has been named as a Microsoft Gold Certified
Partner for Software Products, due to its commitment
to the Microsoft platform and its proven track record
of developing robust and reliable software products.
Membership in the Microsoft Gold Certified Partner
Program will provide AppLabs with resources it needs
to develop innovative software built on the Microsoft
platform. |
| |
April
7 2003
AppLabs
Acquires New Office Building To Support Growth Plans |
| AppLabs
announced today that it had acquired a new office
building to house its technology center in Hyderabad.
The building can accommodate around 200 software
professionals as well as providing adequate space
for setting up a full-fledged testing center. |
| |
January
2 2003
AppLabs
Announces Record Revenues And Doubling of Profits
in 2002 |
| While
the overall economic conditions in the US remained
difficult, AppLabs announced that it has been able
to increase revenue in 2002 and show a dramatic
100% increase in profits compared to 2001. These
improvements resulted from customers entering into
long term contracts marking a shift away from short-term
project-based work. |
| |
January
2 2003
Innaphase
Corporation Announces Strategic Partnership With
Applabs Inc. And Expands Product Offerings To Indian
Life Sciences Industry |
| InnaPhase
Corporation, a leading provider of Laboratory Information
Management System (LIMS) technology solutions to
the life sciences industry, announced today their
agreement with AppLabs Inc. to sell and distribute
the Watson™ LIMS product to the pharmaceutical,
biotech and bulk drug organizations in India. AppLabs
Inc. is a leading IT services company with US headquarters
in Philadelphia, Pennsylvania. |
| |
| 2002 |
| |
October
23 2002
HIAA
Selects AppLabs As Its Exclusive Partner for Offering
The "HIPAA Associate" Designation Program
In India |
| Health
Insurance Association of America (HIAA), a leading
nonprofit organization representing major health
insurance companies in the US, has announced an
alliance with AppLabs, a developer of enterprise
level HIPAA transaction testing software. |
| |
July
29 2002
AppLabs
To Bundle Claredi Certification With HIPAA auditor
Products |
| Claredi
Corporation, the nation's certifier of HIPAA EDI
transaction compliance, has announced an alliance
with AppLabs, a maker of desktop and enterprise
level HIPAA transaction testing software. |
| |
July
15 2002
AppLabs
Launches HIPAA Auditor 2.0 Incorporating Feedback
From Over 200 Customer Organizations |
| AppLabs
Technologies announces the launch of the next major
release of its popular HIPAA auditor product. The
new release comes in two editions: (a) the Standard
Edition is targeted at smaller providers that would
like to self-test their transactions for HIPAA compliance
and (b) the Enterprise Edition is targeted at larger
entities, typically payers, that would like to manage
the testing process of their trading partners. |
| |
July
1 2002
AirClic
to Power AppLabs’ Scan2order for Mobile Order
Management |
| AirClic
Inc, a leading Web-based software and services platform
company, and AppLabs Technologies, a leading provider
of innovative enterprise solutions, announced a
licensing agreement to offer an inventive application
that eases administrative tasks associated with
ordering supplies. AppLabs developed the application
to enable enterprise customers to quickly scan or
manually enter product bar codes from a catalog
or bin label directly into an online ordering form.
|
| |
April
15 2002
AppLabs
Launches HIPAA auditor |
| AppLabs
is proud to announce the launch of HIPAA auditor,
an easy to use product for checking if EDI transactions
are HIPAA compliant. This 100% Java product can
be used by hospitals, clinics, and other entities
affected by HIPAA regulations to ensure that their
EDI transactions meet all relevant HIPAA requirements. |
| |
| 2001 |
| |
December
31 2001
AppLabs
Closes Year 2001 With 8 Marquee Accounts |
| In
a year of international turmoil, AppLabs is proud
to announce that it established new customer relationships
with leading American companies as well as strengthened
existing partnerships. The range of projects executed
offshore included application development, system
migration, software testing, and wireless development
and testing. Customers were from a range of industries
including healthcare, technology, financial services,
and consumer goods. |
| |
September
17 2001
AppLabs
And NSTL Enter Into Exclusive Partnership In India |
| AppLabs
Technologies has been selected by NSTL, Inc., a
leading provider of certification and testing services,
as the exclusive partner in India to provide NSTL's
services to Indian technology companies. As a part
of the deal, AppLabs Technologies established a
separate entity called NSTL (India) which will focus
on providing certification services based on NSTL's
proprietary methodologies to software and hardware
companies in India. |
| |
April
15 2001
AppLabs
Technologies Launched In Hyderabad |
| AppLabs
Technologies, an Offshore Services company, was
launched in Hyderabad by veteran entrepreneur and
Wharton PhD, Sashi Reddi. The vision of the company
is to provide the highest quality application development
and QA services in India to leading companies worldwide.
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