QuEST Global Acquires NeST Software
4.11.2014 08:45:00 CET | Business Wire | Press release
QuEST Global, a world leader in diversified engineering solutions, has announced the acquisition of NeST Software. This acquisition is a significant move for QuEST Global in its diversification strategy for 2020.
Dr Javad Hassan - NeST Group Founder & Chairman and Ajit Prabhu - Chairman & CEO QuEST Global formally signing the integration (Photo: Business Wire)
This acquisition will
- Strengthen the width and depth of engineering service offering to QuEST’s customers in terms of engineering software, embedded systems, mechanical systems and structures
- Enhance QuEST’s capabilities in energy and transportation, and add on other verticals such as healthcare, communication & consumer, semiconductor to QuEST’s portfolio
- Help QuEST gain a stronger presence in its core target markets of US, Western Europe and Japan
Founded in April 1995, NeST Software is a premier engineering software services company servicing Fortune 500 clients across US, Japan, Europe and India. With more than 1900 employees NeST Software, like QuEST, has vast experience in establishing and operating dedicated off shore development centers for global MNCs. The company currently offers product engineering, value engineering and sustenance services across research, development, validation, and in service stages of product life cycle.
NeST Group Founder and Chairman Dr Javad Hassan says, “When NeST Group was planning to divest, we were looking for a potential consolidator who has a proven track record, market reputation, and engineering focus just as NeST. QuEST was the best fit. Together QuEST and NeST Software have significant growth opportunities. I wish both the QuEST and NeST teams continued success.”
"I am delighted with the acquisition of NeST Software by QuEST Global. The integration of two companies brings great opportunities for our customers and employees. Our expertise in engineering software and embedded systems complements QuEST’s capability. Both NeST and QuEST customers will greatly benefit from our combined capability,” adds NeST Software President, S Narayanan.
Commenting on the acquisition CEO Ajit Prabhu, QuEST Global, said, “To emerge as the most trusted and long term engineering solutions providers for our customers, we are constantly on the lookout for assets with outstanding engineering capability. NeST Software has talented and experienced engineering software and embedded system engineers across various verticals. By integrating our talented engineering teams worldwide, we will be able to emerge as a top preferred engineering partner for our customers.”
About QuEST Global
QuEST Global is a pure play engineering solutions company with a proven track record of over 17 years that serves the product development needs of high technology companies with a 7000 strong workforce spread across globally. A pioneer in product development engineering, QuEST Global is one of the largest engineering service providers that cater to diversified verticals. With its local-global model, QuEST Global combines physical proximity to the customer providing domain knowledge and ease of interaction, along with delivery from cost optimized locations that also provides easy resource ramp-up/ramp-down. http://engineering.quest-global.com
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Contact information
QuEST Global
Sweta Patra
sweta.patra@quest-global.com
or
Ogilvy
PR
Ajay Muliyil
Mobile: 9900161311
ajay.muliyil@ogilvy.com
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