Planit's acquisition of Qual IT
Deal TypeM&A
IndustryTechnology & Media
Sub-IndustryTechnology
The BDO team advised Planit Software Testing Limited on the acquisition of Qual IT Solutions Limited (“Qual IT”), a Wellington-based tech firm specialising in quality assurance.
Planit Software Testing Limited (“Planit”) completed the acquisition of Qual IT Solutions Limited on 1 July 2022. The combined Planit and Qual IT will create the largest independent IT testing company in New Zealand and Australia, and the third largest globally. Qual IT’s partner cyber security company, SEQA Limited, was also acquired as part of the deal.
BDO was engaged by Planit Software Testing Limited to perform the financial and tax due diligence.
“BDO team provided a high-quality financial and tax due diligence, which was integral part of the successful completion of Qual IT and SEQA transactions. It was always delightful to work with BDO, an effective team of professionals who truly understands the needs and always deliver the expected results”.
-Ryohei Sakamoto
General Manager – Corporate Planning, Planit