Parasoft
Q2 Revenue Growth Fueled by Increased Corporate Investment in Improving
the Reliability of Software Systems
Released on
= August 12, 2005, 1:07 pm
Press Release
Author = Parasoft Corporation
Industry = Software
Press Release
Summary = Parasoft Corporation announced that its Q2 revenues grew
140 percent for the quarter year over year, and revenue performance
for its industry leading automated web services testing product,
SOA Test, more than tripled year
over year.
Press Release
Body = August 8, 2005 – Monrovia, CA – Parasoft Corporation,
leading provider of automated error prevention solutions, announced
today that its Q2 revenues grew 140 percent for the quarter year
over year, and revenue performance for its industry leading automated
web services testing product, SOA Test, more than tripled year over
year. Amongst the over 150 organizations that purchased Parasoft
solutions in the quarter to help improve the reliability, performance
and security of their software were SBC, United Defense, AOL, Bloomberg,
Fidelity Investments, Sabre Holdings, Autodesk, Lockheed and Wells
Fargo.
“In Q2
we saw significant increases in license sales to companies making
their initial investment in developer focused automated test and
analysis solutions,” said Mark Johnson, Parasoft Senior Vice
President of Marketing. “But more significantly,
it was existing customers expanding their usage and application
of our products across multiple projects, multiple languages and
multiple locations that resulted in significant revenue growth for
us. Customer’s are seeing results and expanding their
ability to improve the security, reliability and performance of
the software they are developing and deploying across their enterprise.”
Parasoft combines
products, services and best practices to help customers automatically
prevent errors, improve software quality, and reduce costs. SOA
Test is part of a team-wide automated error prevention product suite
that standardizes and manages an application across the entire development
organization. Parasoft products are currently deployed in thousands
of enterprises worldwide deploying Web services, Java, C/C++ and
.NET applications.
About Parasoft
Parasoft is the leading provider of innovative solutions that automatically
identify and prevent software errors from reoccurring in the development
and QA process. Developed with Automated Software Error Prevention
(AEP) methodologies, its award-winning, patented solutions enable
software development organizations to reduce delivery delays and
improve the quality, security and predictability of
enterprise applications. Parasoft has more than 10,000 clients worldwide,
including Bank of America, Boeing, Cisco, Disney, HP, IBM, Lehman
Brothers and SBC. Founded in 1987, Parasoft is headquartered in
Monrovia, CA. For more information visit:
www.parasoft.com.
# # #
Web Site = http://www.parasoft.com
Contact Details
= 101 E Huntington Dr., 2nd Fl.
Monrovia, CA 91016
Phone Number: 888-305-0041
Fax Number: 626-256-6884
Email: info@parasoft.com
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