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Bombay Stock Exchange has chosen AppLabs as their Testing Partner
Posted: 3/13/2006

Posted By: AppLabs Contact: Ravi Alluru
Phone: 919849017956 Email: ravi.alluru@applabs.com

AppLabs Technologies Chosen as Software Testing Partner for
Bombay Stock Exchange’s Internet Trading Application.

Hyderabad

March 10 2006

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.

“BSE has prided itself in harnessing technology to serve customers. As software becomes more and more complex, we see a lot of value in engaging AppLabs who is a well regarded testing specialist in helping us in our endeavors to continue hosting high quality systems for our customers,” said S.B. Patankar, Chief Technology Advisor of BSE.

“We are extremely pleased with this opportunity to be working with BSE to demonstrate our expertise in assuring quality of critical business applications for financial services companies around the world,” said Sashi Reddi, CEO of AppLabs Technologies.

About AppLabs Technologies

AppLabs Technologies is a global IT services company specializing in software testing with an emphasis on quality assurance, performance, certification and hardware testing. Customers include American Stock Exchange, Fidelity and Visa. AppLabs is one of only a handful of software testing experts to have achieved SEI CMM Level 5, the highest quality standard attainable in software engineering. The company, backed by WestBridge Capital Partners, is headquartered in Philadelphia, Pennsylvania and maintains state-of-the-art testing centers in Lindon, Utah and Hyderabad, India. Recently, AppLabs has announced its merger with VisualSoft Technologies. For more information, visit www.applabs.com.

About Bombay Stock Exchange

Bombay Stock Exchange Limited is the oldest stock exchange in Asia with a rich heritage. Popularly known as "BSE", it was established as "The Native Share & Stock Brokers Association" in 1875. It is the first stock exchange in the country to obtain permanent recognition in 1956 from the Government of India under the Securities Contracts (Regulation) Act, 1956. The Exchange's pivotal and pre-eminent role in the development of the Indian capital market is widely recognized and its index, SENSEX, is tracked worldwide. Earlier an Association of Persons (AOP), the Exchange is now a de-mutualised and corporatised entity incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE(Corporatisation and Demutualisation) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI). For more information, visit www.bseindia.com.










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