100% of the capital shares of TestDevLab have been sold, though the transaction amount has not been disclosed.
“This acquisition was considered thoughtfully, with careful attention to what it means for our team and clients. TestDevLab was seeking to expand its global reach, while Xoriant was looking to strengthen its quality engineering capabilities. The alignment made this a natural next step for both companies,” said Ervins Grīnfelds, Co-Founder and Co-CEO of TestDevLab.
TestDevLab will continue operating, retaining its name, brand, and leadership team. Co-founders Andrejs Frišfelds and Ervins Grīnfelds will remain as co-CEOs, and engineers will continue working with existing clients and project teams, with teams remaining intact. The company anticipates increased hiring as it gains access to Xoriant’s sales network and expanded market opportunities.
“The dedication and expertise of our team over the years made this partnership possible. Together with Xoriant, we will create new opportunities for employees across both organizations,” said Andrejs Frišfelds, Co-Founder and Co-CEO of TestDevLab.
Xoriant is a digital engineering firm headquartered in California in the United States with offices in the USA, Europe (Ireland and the United Kingdom), and Asia.
The acquisition follows Xoriant’s earlier acquisitions of FEXLE Services (September 2024), MapleLabs (February 2024), and Thoucentric (August 2023).
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