Reliability Inc., a US-based provider of human capital management and media staffing solutions, acquired the assets of Intelligent Quality Solutions Inc., or IQS, from Vivos Holdings Inc. The deal was made by Reliability subsidiary The Maslow Media Group Inc.

Plymouth, Minnesota-based IQS was founded in 2005 as an IT consulting company focusing exclusively on staff augmentation in support of client software testing needs. It has since evolved into a full-service software quality management solutions provider with a range of quality management services, including providing QA staff augmentation.

The acquisition closed Dec. 1. IQS will operate under Maslow Media Group, a wholly owned subsidiary of Reliability.

Reliability is a US-based provider of human capital management and media staffing solutions.

In exchange for the purchased IQS assets, Reliability agreed to pay Vivos an amount equal to 4.5 trailing 12 months EBITDA generated by the transferred assets, reduced by a working capital shortfall adjustment, if any, which totaled $1.4 million as of the date of the purchase agreement. The purchase price will be applied at closing to reduce the existing debt owed by Vivos Holdings LLC.

“Adding IQS gives us a foundation of building out synergistic packaged IT solutions with expert staffing capabilities,” Reliability President Nick Tsahalis said.