M&A Deal Summary

Xoriant Acquires TestDevLab

On November 25, 2025, Xoriant acquired software company TestDevLab

Acquisition Highlights
  • This is Xoriant’s 1st transaction in the Software sector.
  • This is Xoriant’s 1st transaction in Latvia.

M&A Deal Summary

Date 2025-11-25
Target TestDevLab
Sector Software
Buyer(s) Xoriant
Deal Type Add-on Acquisition
Advisor(s) TH Global Capital (Financial)

Target

TestDevLab

Riga, Latvia
TestDevLab provides comprehensive software testing and QA services spanning automation, performance, audio‑video, security, accessibility, UX, QA consulting, and continuous testing. TestDevLab is based in Riga, Latvia.

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Buyer(S) 1

Buyer

Xoriant

Sunnyvale, California, United States

Category Company
Founded 1990
Sector Information Technology
DESCRIPTION

Xoriant is a digital product engineering, software development, and technology services firm that delivers innovative solutions, accelerating time to market and ensuring client's competitiveness in industries like BFSI, high tech, healthcare, pharma, industrial manufacturing, retail, telecommunications, and automotive. Across all its technology focus areas – digital product engineering, DevOps, cloud, infrastructure and security, big data and analytics, data engineering, management, and governance, and IoT – every solution the company develops benefits from the product engineering pedigree. Xoriant was formed in 1990 and is based in Sunnyvale, California.


DEAL STATS #
Overall 3 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Latvia M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Cloudio

Vanløse, Denmark

Cloudio is an enterprise-grade solution provider in the areas of IoT, supplier collaboration, and financial statement analysis. Cloudio is based in Vanløse, Denmark.

Sell -