Orbium Acquires Avaloq’s Testing Product: TASC

Geneva - 18 April 2012

Orbium and Avaloq have entered into a definitive agreement under which Orbium will acquire Avaloq’s testing product: TASC.

The latter will be merged to Orbium’s own testing suite “TestMaster” to extend the functional coverage. In order to guarantee undisturbed support to TASC’s existing clients, Orbium assimilated some of Avaloq’s specialist TASC team and will provide clients immediate testing support and services.

Orbium used its years of activity in the financial services industry as well as its understanding of the banking world to create software products that give financial institutions a truly competitive edge. Orbium’s testing suite perfectly illustrates the successful merger of field expertise into professional software products. In effect, TestMaster is a test automation product driving functional release and regression tests in the Avaloq Core Banking System. It supports testing of all transactional scenarios and technical processes in a customised Avaloq environment.

Orbium acquired TASC, Avaloq’s test automation solution for Smart Client, with the vision of combining the two products into a single software incorporating their respective and complementary benefits, namely: TASC’s easy to use GUI (graphic user interface), as well as TestMaster’s fast execution time and effective test verification system.

In essence, the merged product will offer clients the best of both worlds - a user friendly interface and faster and more efficient testing functionalities. Furthermore the Orbium team will be able to assist and support existing and future clients with customised testing services and an expert test team.

With this acquisition, Orbium is reiterating its commitment to developing state of the art products that help clients meet their IT and business challenges on a daily basis.

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