Thinksoft bags Rs.5-crore RBI order for testing solution

Financial software testing firm Thinksoft Global Services Friday said it has bagged a Rs.50-million (Rs.5 crore) order from the Reserve Bank of India (RBI) to deliver a user acceptance testing solution.
?We will deliver an automated regression test pack to the central bank using its in-house tool (Artemis) for financial services applications. The project management includes test strategy, planning and execution,? Thinksoft Chairman Asvini Kumar said in a statement.

The Chennai-based IT firm helps clients reduce software product life cycle costs and deploy `business ready software' within compressed timelines.

The deal is valued at Rs.50 million and the testing cycles will be completed in the next 12 months as the RBI is firm on getting the end state quality right. Our test automation framework will help achieve significant savings in test execution effort in a regression testing scenario,? Kumar said.

The central bank commissioned global consulting firm KPMG to help it in selecting an independent testing vendor.