QuEST Global, a world leader in diversified engineering solutions, today announced acquisition of NeST Software.
The acquisition is a significant move in its diversification strategy for 2020 and 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, a press release said.
It would also enhance QuEST's capabilities in energy and transportation and add on other verticals such as healthcare, communication and consumer, semiconductor to QuEST's portfolio, besides helping it 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 over 1,900 employees, NeST Software, like QuEST, has vast experience in establishing and operating dedicated off shore development centres 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, it said.
NeST Group Founder and Chairman, Javad Hassan said when the 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".
NeST Software President, S Narayanan said the integration of two companies brings great opportunities for the 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", he said.
