Name

AQM TECHNOLOGIES

Legal name

AQM Technologies Pvt Ltd

Website

https://aqmtechnologies.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Software Testing and Quality Assurance Services

NAICS

Testing Laboratories and Services (54138), Custom Computer Programming Services (541511), Computer Systems Design and Related Services (54151)

SIC

Services-Testing Laboratories (8734), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Enterprise Application Testing & QA Services (BPAEAGAI)

akta.pro secondary industries

Quality Engineering & Test Automation (QE/QA) (BPAEAFAJ), ITSM Governance, Compliance & Audit Readiness (BPAEAJAM)

Keywords

• Software testing services
• Quality assurance consulting
• Test automation frameworks
• BFSI domain testing
• Security operations center

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Testing Services: Professional services revenue model providing comprehensive testing services including test automation, mobile application testing, load and performance testing, security testing, and functional testing. Services are delivered through dedicated domain expert teams with reusable test case repositories and jump-start testing kits. Revenue generated through project-based engagements and long-term partnerships with BFSI clients.
2. Innovation Solutions (Testbots, BOTM, iSOC): Proprietary testing tools and platforms offered as part of service delivery. Includes synthetic monitoring, scriptless automation frameworks, and security operations center services. Can be offered as SAAS and BOT models.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

AQM Technologies delivers domain-specialist software testing and quality assurance services to BFSI enterprises, including functional testing, test automation, mobile application testing, load and performance testing, security testing, accessibility testing, and RPA. The company augments these services with proprietary automation tools (Testbots, BOTM, Scriptless Automation, Synthetic Monitoring), a 24x7 iSOC Security Operations Center, and specialized Temenos banking accelerators for core banking transformation projects.

Product overview

AQM Technologies is a software testing and quality assurance services company offering a comprehensive portfolio of testing services and proprietary innovations. The core offerings span Accessibility Testing, Digital Program Testing, Functional Testing, Load & Performance Testing, RPA, Security Testing, and Test Automation. The company also provides specialized Temenos banking accelerators (Temenos Transact Accelerators and Temenos Assurance) for banks implementing Temenos core banking solutions. Proprietary innovations include Testbots (AI-powered testing automation), BOTM (multi-device mobile testing platform), Scriptless Automation for Mobile, and Synthetic Monitoring. The flagship security product is iSOC (Intelligent Security Operations Center), a 24x7 digital security monitoring solution. Recent expansion includes AI-powered risk monitoring through the acquisition of TRaiCE for the U.S. banking market.

Differentiator

Problem solved

Functional benefit

Products and services

• Accessibility Testing STQC-certified accessibility testing service ensuring digital content and applications are accessible to people with disabilities, covering WCAG 2.0/2.1 (A & AA), Section 508, GIGW 2018, and IS 17802 compliance for government and financial sector clients.
• Digital Program Testing Testing services for digital platforms including Mobile Application Testing, Big Data Testing, and API Testing (SOAP and RESTful) with analytics for end-user behavior insights, designed for enterprises undergoing digital transformation.
• Functional Testing Independent User Acceptance Testing with domain-specific jump-start testing kits, covering UAT, Business Acceptance Testing, System Integration Testing, and Data Migration Testing for BFSI and enterprise applications.
• Load & Performance Testing Performance testing solutions covering Load, Endurance, Peak, Failover, Stress, Application Performance Monitoring, Real User Monitoring, and Website Performance Monitoring for high-volume BFSI applications.
• Robotic Process Automation (RPA) End-to-end RPA implementation services covering Design, Document, Develop, and Test of BOTs prior to rollout, offered in SaaS models with UI Path expertise and guaranteed ROI for enterprise automation.
• Security Testing Security testing solutions covering network, application, server, and database layers, including IS Audit, Cyber Security Audit, Vulnerability Assessment & Penetration Testing, Cert-In Empanelled Audit Services, and Security Architecture Review for BFSI and government clients.
• Test Automation Plug-and-play test automation solutions deployable at any development stage, offered in Pay Per Use or Build & Operate models with claimed up to 300% productivity improvement for enterprise testing teams.
• Temenos Assurance Comprehensive Temenos testing services covering Implementation, Data Migration, Upgrade, Support Services, Customization, ISB Testing, System Integration Testing, UAT, Test Automation, and Performance Testing for the Temenos TRANSACT, INFINITY, TPH, TAP, and TDH product suites.
• Temenos Transact Accelerators Suite of testing accelerators for Temenos Core Banking transformation, upgrade, and greenfield projects, including Ready Test Repository, BOTm Automated Rapid Test for codeless automation, and Tech Migrate for automated functional and data validation between releases.
• Account Aggregator (AA) Testing Fully-automated testing solution for APIs of the Account Aggregator Ecosystem, providing unlimited testing with a do-it-yourself certification process for financial information providers and users.
• iSOC (Intelligent Security Operations Center) 24x7 Security Operations Center providing customized digital security solutions for financial institutions, awarded Most Innovative Security Operation Center at Technoviti 2019.
• Testbots Proprietary automated testing framework providing ready analytics on test case execution, automated bug assignment to developers, and automated duplicate test case identification, delivering claimed 300% productivity improvement.
• BOTM (Browser on the Mobile) Mobile testing platform that facilitates testing multiple devices simultaneously with real-time defect detection, supporting multiple Android and iOS versions across Native, Hybrid, and Web Apps to reduce cost and effort.
• Scriptless Automation for Mobile Automation framework that generates scripts once and tests multiple times with auto script generation and auto population of data, enabling end-to-end mobile application automation without manual scripting.
• Synthetic Monitoring Real-time performance monitoring solution for mobile apps with parametrizable monitoring frequency and configurable pages, auto-reporting performance issues in real time.

Quantifiable outcome

• 300% improvement on productivity through Testbots
• +10 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature6 records

Partnerships

One partnership is on record.

• TemenoscoreStrategic or Co-development PartnerAQM serves as a specialized Temenos testing partner offering Temenos Assurance and Temenos Transact Accelerators. The partnership provides ready test repositories for Core Transformation, BOTm Automated Rapid Test for codeless automation of Temenos product suite, and Tech Migrate solutions. AQM has 100+ QE specialists with hands-on Temenos experience and operates across India, Middle East, and Asia Pacific regions.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Hexaware Technologies: Mid-tier Indian IT services firm with quality engineering and BFSI testing capabilities. Comparable as a regionally relevant testing services competitor, though with a broader portfolio beyond pure-play testing.
• Capgemini Engineering (Testing Services): Global IT services firm with significant quality engineering and testing capabilities serving BFSI and other regulated industries. Competes with AQM particularly in European and Middle Eastern markets.
• Infosys (Quality Engineering Services): Global IT services leader with a dedicated quality engineering practice serving banks and insurers. Competes with AQM for large BFSI transformation programs; broader portfolio and global scale but less domain-specialist focus on Indian BFSI.
• Wipro (Quality Engineering): Large IT services firm with a quality engineering and testing business unit serving financial services clients worldwide. Competitor on large enterprise testing deals though positioned as a broad incumbent rather than a BFSI specialist.
• Tata Consultancy Services (Quality Engineering): Indian IT major with a large quality engineering and testing practice serving global BFSI clients. Competes with AQM on bundled transformation deals where QA is a sub-workstream, though TCS offers much broader portfolio.

Direct peers

• Testlio: Software testing services and quality assurance firm with global delivery, overlapping with AQM on functional, automation, and mobile testing. Comparable as a specialized testing services provider to enterprise clients.
• Qualitest: Global pure-play quality engineering firm with deep BFSI and digital testing expertise. Direct competitor in offering independent QA, test automation, and digital assurance to financial institutions across multiple geographies.
• Cigniti Technologies: India-headquartered independent software testing services pure-play, comparable in size (2,000+ employees) and BFSI domain focus. Closest public peer and most direct competitor in the Indian market for specialized QA services.

Emerging players

• ImpactQA: Independent software testing and QA services provider with BFSI exposure. Comparable as a smaller-scale pure-play testing firm targeting similar enterprise clients.
• BugRaptors: India-based software testing services company offering QA, automation, and security testing. Overlaps with AQM on independent testing and automation services, though smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/aqmtechnologiesofficial
• LinkedInlinkedin.com/company/aqm-technologies
• Instagraminstagram.com/aqmtechnologies

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AQM TECHNOLOGIES