Allied Testing

What Allied Testing does

Allied Testing is a private, founder-owned QA and testing services firm founded in 2000 by Alexander Klyachko and Mikhail Teyf, headquartered operationally in Nicosia, Cyprus, with delivery centers in Moldova (since 2005), Serbia (since 2011), and Romania (since 2022). The company specializes exclusively in quality assurance for capital markets, trading, and finance applications, serving stock exchanges, investment banks, brokerage houses, and financial technology firms with named clients including JPMorgan, Citibank, Barclays, HSBC, Deutsche Bank, UniCredit, TD Ameritrade, Raymond James, Thomson Reuters, Fitch Solutions, Fidessa, and Deloitte.

The firm has developed a proprietary technology stack purpose-built for trading and financial applications, anchored by the BEST (Back-End System Tester) platform and BEST Studio for functional and performance testing of DMA/OMS, FIX, FAST, Reuters RMDS, and Fidessa OpenAccess protocols. Complementary tools include the Exchange Simulator (SIM) for back-testing of intraday trading strategies across European exchanges, TickDB (a high-performance PostgreSQL-based tick database with L3 market data), SmartDB Development Framework and PgMex for database tooling, and the Alliedium AI platform for automated Jira issue classification. Allied Testing also offers an AI Solutions Suite covering natural language chatbots, anomaly detection, predictive analysis, demand forecasting, and automated reporting.

Commercially, Allied Testing operates a direct enterprise sales motion targeting CIOs, VPs of Development, and Quality Directors at financial institutions, with no reseller or self-serve channels. Revenue is generated through professional services engagements (functional/performance testing, QA consulting, application support, and managed services) plus selective product revenue from its proprietary tooling. The company employs a flexible onshore-offshore-nearshore delivery model across Cyprus, Moldova, Serbia, and Romania, with stated scale of 800+ employees and 50+ clients.

Name

Allied Testing

Legal name

Allied Testing

Website

https://alliedtesting.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Allied Testing is a private QA and testing services firm founded in 2000, specializing exclusively in capital markets, trading, and finance applications. It serves 50+ enterprise clients including investment banks, brokerages, and exchanges via proprietary testing tools and delivery centers in Cyprus, Moldova, Serbia, and Romania.

Ownership category

akta.pro rank

Product category

Financial Software QA and Testing Services

NAICS

Testing Laboratories and Services (54138)

SIC

Services-Testing Laboratories (8734)

akta.pro primary industry

Enterprise Application Testing & QA Services (BPAEAGAI)

Keywords

• QA testing services
• Financial software testing
• Capital markets testing
• Trading system testing
• QA consulting

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. QA and Testing Services: Core revenue stream from providing comprehensive QA and testing services to financial institutions. Includes functional testing, test automation, performance testing, and specialized trading system testing. Delivered through flexible engagement models with both onsite and offshore/nearshore delivery.
2. QA Consulting: Strategy consulting engagements including QA strategy development, automation strategy, and QA process audit services. Typically project-based consulting engagements with IT leadership.
3. Tech Talent Recruitment and Training: Recruitment and training services helping clients hire IT specialists including Development engineers, QA Engineers, Test Automation Engineers, Business Analysts, and Project Managers. Includes screening, technical interviews, and onboarding support.
4. Product Development Services: Application design, development, and implementation services for financial industry enterprise clients. Includes systems integration, performance tuning, and re-engineering. Also covers legacy systems take-over and knowledge transfer.
5. Application Support and Maintenance: Ongoing application care and maintenance services including dedicated test environment support, Line 2½ fault investigation, and rapid response team services for high-availability applications.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Allied Testing is a B2B specialist QA and testing services firm that delivers end-to-end quality assurance, test automation, performance testing, and QA consulting for capital markets, trading, and financial applications. The firm provides onsite, nearshore, and offshore delivery through offices in Cyprus, Moldova, Serbia, and Romania, supplemented by a portfolio of proprietary testing tools (BEST, Exchange Simulator, TickDB, Alliedium) purpose-built for financial and trading systems.

Product overview

Allied Testing offers a portfolio of proprietary QA/testing products designed for financial and trading applications, centered around the BEST (Back-End System Tester) platform ecosystem. The core offerings include BEST Studio (simulation platform), BEST (functional/performance testing tool), and Exchange Simulator (SIM) for back-testing trading strategies. Alliedium provides AI-powered issue management for Jira. Supporting products include SmartDB Development Framework (C++ ORM for PostgreSQL), PgMex (Matlab-PostgreSQL connector), and TickDB (tick database with market data analysis capabilities). Together these products enable end-to-end testing, simulation, and quality assurance for complex financial trading systems.

Differentiator

Problem solved

Functional benefit

Brands

• Alliedium: AI-powered platform for automated issue management, defect classification, and bug triaging for Jira. Also offers AIssistant chatbot for interacting with databases through Natural Language.
• BEST (Back-End System Tester)
• BEST Studio
• Exchange Simulator (SIM)
• PgMex
• SmartDB Development Framework
• TickDB

Products and services

• Product Development Services Application design, development, and implementation services for financial industry enterprise clients and software development companies, including systems integration, performance tuning, re-engineering, legacy systems takeover, and knowledge transfer.
• Core QA and Testing Services End-to-end functional and non-functional QA and testing for financial applications, identifying and removing software defects across complex distributed systems with intelligent manual testing approaches.
• Specialized Testing Trading-domain-focused testing including matching engines, surveillance systems, market operations, trading and market data gateways, post-trade systems, algorithmic trading, Smart Order Routers (SOR), DMA/OMS, and regulatory compliance (OATS, OTS, SOX, Reg NMS, SEC 606, MiFID).
• QA Consulting Strategy consulting engagements including QA strategy development, automation strategy, QA process audit, and establishment of QA Centers of Excellence for financial institutions.
• AI Solutions

Quantifiable outcome

• Decreased user-found defects by 90% for one client through intelligent manual testing approach
• +3 more outcomes

Named customers16 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability9 records

Feature9 records

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Tata Consultancy Services: TCS operates a dedicated BFSI QA practice as part of its larger IT services portfolio and competes for multi-year testing and digital transformation contracts at the same global banks and exchanges that Allied Testing serves.
• Cognizant: Cognizant operates a large Banking and Financial Services QA practice as part of its broader IT services portfolio. While not specialized, it competes for the same enterprise testing and digital transformation RFPs as Allied Testing, often with bundled offerings.
• Capgemini: Capgemini's Financial Services practice includes significant QA, testing, and compliance services for global banks and capital markets firms. As a broad incumbent, it competes on large transformation deals where Allied Testing also bids, typically as a specialist partner or sub-contractor.
• Infosys: Infosys offers QA and testing services within its Financial Services segment, competing on scale and global delivery. Its Finacle and banking platform testing engagements overlap with the kinds of systems Allied Testing is hired to validate.

Direct peers

• Sogeti: Sogeti is Capgemini's technology and engineering services arm, with a globally recognized dedicated Testing Services practice serving banking and capital markets clients. It competes head-to-head with Allied Testing for QA outsourcing deals at European banks and exchanges.
• EPAM Systems: EPAM operates a major QA/testing practice with deep financial services coverage (capital markets, payments, wealth) and delivers heavily from Eastern European nearshore centers (Belarus, Ukraine, Poland, Romania), mirroring Allied Testing's delivery footprint and vertical focus.
• Qualitest: Qualitest is a pure-play QA and testing services firm with a dedicated banking, financial services, and capital markets practice, very similar in positioning to Allied Testing. Both compete for the same tier-1 financial institution QA budgets and emphasize domain-led, tool-augmented testing.
• Testlio: Testlio is a managed QA and testing services firm combining human testers with platform-driven test management, serving fintech and financial services clients — overlapping with Allied Testing's QA-as-a-service positioning but with a more platform-led GTM.
• TestingXperts: TestingXperts is a dedicated software testing and QA services provider with a financial services vertical and proprietary test automation accelerators, directly comparable to Allied Testing's services-plus-tools model in capital markets.

Emerging players

• QA Wolf: QA Wolf is an AI-augmented QA-as-a-service provider focused on automated end-to-end test coverage for fintech and SaaS clients. It represents an emerging, automation-first competitive threat to traditional services-led QA firms like Allied Testing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/allied-testing

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Allied Testing