[9] In 1985 three former Intel employees - Mike Cheeseman, Jim Watt and Howard Kornstein - formed QA Training Ltd.
[10] In the following year, 1991, the company made investment plans to grow by around 30% before its performance was significantly hindered, with IBM reporting an unprecedented loss of US$5bn in the last quarter of 1992 alone,[11] coupled with the negative effects of the global recession and the Gulf War.
It was a survival period for QA Ltd, but the company emerged and went on to acquire the training division of CapGemini, enabling it to develop Business Analysis products and partnerships in several other geographies.
[citation needed] In November 2016, QA acquired the Training Foundation Limited (Tap Learning).
[15] In June 2017, CVC Capital Partners Fund VI acquired QA from Bregal Investments.