After an aborted takeover attempt by Cognizant, the company has appointed UBS to find a buyer.
EDS, which recently acquired controlling stake in MphasiS for $380 million, it is learnt, is considering the option of looking at this firm to ramp up its testing practice on a fast clip in India.
A spokeperson for RelQ declined to comment while EDS said they do not comment on market speculation. During the last financial year, RelQ margins were in the range of 19-20 per cent on topline of close to $22 million which is expected to touch $30 million during the current.
The company, which currently has 750 testing professionals on its rolls, plans to raise headcount to 1,000 by 2006
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