Mid-sized IT services company Xoriant announced the acquisition of TestDevLab, a Latvia‑headquartered software quality engineering company, to strengthen its presence in the European region.
While the companies did not disclose the deal size, TestDevLab has an annual revenue of $30 million, as per people familiar with the matter. The deal is the ChrysCapital-owned company’s fourth acquisition in the last three years, following FEXLE Services and MapleLabs in 2024 and Thoucentric in 2023.
TestDevLab has its delivery centres in the Baltic and Macedonia with over 500 employees and counts companies like Microsoft, Pinterest, and Zoom as its clients. The acquisition is expected to bring on board capabilities such as audio/video user experience (A/V UX) testing, network simulation, and energy-efficiency analysis, along with proprietary tools like Loadero (a performance and load testing tool) and the AI-driven Barko agent.
With operations in 28 offices across India, the United States, and Europe, the acquisition gives Xoriant access to top engineering talent and EU innovation ecosystems, the company said.
“This acquisition not only accelerates our vision of AI as Applied Intelligence, empowering clients to leverage the true power of artificial intelligence, but also fuels our growth journey towards becoming the most transformative AI-native digital engineering firm globally,” said Rohit Kedia, chief executive of Xoriant.
Kedia, formerly the chief growth officer at LTIMindtree, took over as the chief executive earlier this year in February.
“Clients today expect trusted partners who ensure excellence from code to customer experience. Xoriant’s scale and applied intelligence approach will amplify our mission to help clients deliver products defined by reliability, performance, and innovation,” said Ervins Grinfelds, cofounder of TestDevLab.
While the companies did not disclose the deal size, TestDevLab has an annual revenue of $30 million, as per people familiar with the matter. The deal is the ChrysCapital-owned company’s fourth acquisition in the last three years, following FEXLE Services and MapleLabs in 2024 and Thoucentric in 2023.
TestDevLab has its delivery centres in the Baltic and Macedonia with over 500 employees and counts companies like Microsoft, Pinterest, and Zoom as its clients. The acquisition is expected to bring on board capabilities such as audio/video user experience (A/V UX) testing, network simulation, and energy-efficiency analysis, along with proprietary tools like Loadero (a performance and load testing tool) and the AI-driven Barko agent.
With operations in 28 offices across India, the United States, and Europe, the acquisition gives Xoriant access to top engineering talent and EU innovation ecosystems, the company said.
“This acquisition not only accelerates our vision of AI as Applied Intelligence, empowering clients to leverage the true power of artificial intelligence, but also fuels our growth journey towards becoming the most transformative AI-native digital engineering firm globally,” said Rohit Kedia, chief executive of Xoriant.
Kedia, formerly the chief growth officer at LTIMindtree, took over as the chief executive earlier this year in February.
“Clients today expect trusted partners who ensure excellence from code to customer experience. Xoriant’s scale and applied intelligence approach will amplify our mission to help clients deliver products defined by reliability, performance, and innovation,” said Ervins Grinfelds, cofounder of TestDevLab.