Xoriant, backed by ChrysCapital, is strategically expanding its European presence through the acquisition of TestDevLab, a Latvia-based software testing company. This move underscores Xoriant’s commitment to bolstering its digital engineering capabilities and extending its reach into key European markets. The acquisition brings TestDevLab’s expertise in software testing and quality assurance under Xoriant’s umbrella, creating synergistic opportunities.
TestDevLab boasts an impressive annual revenue of $30 million, making it a significant addition to Xoriant’s portfolio. This deal marks Xoriant’s fourth acquisition in recent years, demonstrating an aggressive growth strategy. Prior acquisitions include FEXLE Services and MapleLabs in 2024, and Thoucentric in 2023, each carefully selected to enhance Xoriant’s service offerings and market position.
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