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Bsquare buys automated test solutions provider

Posted: 02 Dec 2008 ?? ?Print Version ?Bookmark and Share

Keywords:mobile device? automated test solution? embedded application?

Bsquare Corp. has acquired assets of privately held TestQuest, test automation and management solutions for mobile and embedded devices and applications provider.

TestQuest's automated testing tools, including TestQuest Pro and Countdown, reduce development time and costly fixes with a feature-rich, easy to use and collaborative testing environment. Tests which could take a week or more to execute manually can typically be automated to run overnight using TestQuest's automated tools. Enterprise customers typically see a return on their investment in less than one year.

"The acquisition of TestQuest supports Bsquare's strategy to grow our products business and support customers with the highest quality software and services available, while also helping them realize the shortest time to market," said Bsquare CEO Brian Crowley. "In addition to giving us a world-class product that we can immediately sell to our traditional device OEM and ODM customers, TestQuest brings to BSQUARE new enterprise and mobile operator customers such as United States Postal Service, T-Mobile International, Kyocera, Telef�nica M�viles and Siemens, representing a significant expansion of our market opportunity."

With the addition of TestQuest, Bsquare will expand its customer base in the United States, China, Korea, Japan and Europe, plus add new customers building devices and developing applications on multiple embedded operating systems such as Windows Mobile, Symbian, Linux, RIM BlackBerry, QNX and others.

The asset purchase price is expected to be approximately $2.2 million in cash. $1.9 million in cash has been paid as of the Nov. 18 closing date. The remainder of the purchase price will be paid in early December pending finalization of the balances of assets acquired and liabilities assumed. Bsquare will assume certain liabilities as a result of the transaction, currently expected to be less than $200,000. Assets acquired primarily include TestQuest's intellectual property, accounts receivable and equipment. BSQUARE will be hiring 22 employees of TestQuest. During the twelve months ended Sept. 30, TestQuest generated $4.8 million in revenue (unaudited), of which $0.6 million was service-related. The acquisition is currently expected to be accretive within two quarters, depending on the purchase price accounting and certain transition and integration costs.





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