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CAST Sees Strong Demand as Market for Software Quality AcceleratesMajor New Customers Invest in CAST to Fend Off IT Cost and Risk (November 18, 2008)
NEW YORK, NY -- (Marketwire) -- 11/18/08 -- CAST, the worldwide leader in Automated Application Intelligence, today announced an impressive third quarter, with many major companies investing in its technology. Major institutions such as ADP, AT&T, AXA Equitable, Freddie Mac, and U.S. Department of Homeland Security are among those who invested in CAST in Q3 to establish proactive risk management and quality control over their critical applications.
"We're pleased to help our customers deal with the business realities of current markets by giving them proactive, executive-level insight into their key business applications," said Vincent Delaroche, CAST CEO. "Companies that rely on their IT systems in order to perform in the marketplace are entering a period when they will need to stay lean, while continuing to innovate. To do this effectively, while mitigating associated risk, requires ongoing scrutiny of their custom IT software."
Also during the quarter, CAST delivered a successful Application Intelligence Platform Version 6.2 to the market, continued to augment its field organization, and kicked off a new premium partner program in North America. The new channel program quickly attracted its first four partners in Q3 and is on target to have ten new partners by year's end. Brisk demand from customers and partners serves as strong evidence that the market for internal software quality in IT continues to grow.
CAST is the world leader and pioneer in Application Intelligence software, providing the metrics and information IT executives must have to measure, monitor and improve the technical quality of business applications and the performance of development teams around the globe. Founded in 1990, CAST has helped more than 650 organizations worldwide speed delivery to the business, mitigate risks in production, improve customer experience, and reduce the total cost of application ownership. CAST is listed on NYSE-Euronext (EURONEXT: CAS) and serves Global 2000 organizations worldwide with a global network of offices in the US and Europe. For more information visit www.castsoftware.com
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