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Israel’s Qualitest completes its third acquisition of 2021 with Olenick & Associates

Israel’s Qualitest completes its third acquisition of 2021 with Olenick & Associates

The deal follows its QA Infotech acquisition in February and its purchase of Comply earlier this month

James Spiro | 15:36  19.04.2021
Israel-based quality assurance company Qualitest is on a roll. The company announced on Monday that it has acquired U.S-based Olenick & Associates, a software quality company with a focus on the utilities, legal, and banking sectors. The news marks the second acquisition this month and third this year for the company, which itself was purchased by Bridgepoint in 2019.

“Qualitest and Olenick share a common approach to achieving client satisfaction: providing high-touch, highly customized quality engineering solutions rooted in innovation and excellence,” said Norm Merritt, Qualitest CEO. “Olenick’s deep utilities experience in seasonal readiness and real-time operation technology converging with information technology is unparalleled. We couldn’t be more thrilled to have them join us, kickstarting our 2021 expansion strategy.”

Norm Merritt and Tom Olenick. Photo: Qualitest Norm Merritt and Tom Olenick. Photo: Qualitest Norm Merritt and Tom Olenick. Photo: Qualitest

Olenick & Associates has more than 200 quality consultants and will expand Qualitest’s presence in the UK, U.S, Israel, India, and Romania. Its experience in a variety of sectors will enhance Qualitest’s solutions for industries outside of its primary focus. It partners with Credit Unions to test and integrate core systems with online and mobile banking, consumer loan and mortgage origination, and credit card systems.

“The Olenick team has long admired the work of Qualitest and we are thrilled with the opportunity to partner with them on a global scale,” added Tom Olenick, Olenick & Associates Founder and President. “The term ‘better together’ is really what this is all about and we look forward to integrating our complementary areas of expertise and specialist tooling to serve clients on a broader spectrum.”

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Earlier this month, Qualitest acquired Israel-based Comply, an Israeli quality assurance specialist in Pharma and Digital Health. In February, it acquired QA Infotech, an Indian-based independent quality assurance company. None of the sums of the acquisitions have been disclosed.

In the last three months, Qualitest has therefore absorbed more than 1,100 employees and added a slew of new clients including Teva, Johnson & Johnson, and Abbvie. Founded in 1997, the company offers an AI-powered engineering and testing solution designed to mitigate business risks in software releases. It does this by deploying engagement models tailored to the testing of technology platforms in a variety of sectors, including healthcare, aerospace, retail, telecom, and more.

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