Parasoft Q2 revenue growth is fueled by increased Corporate investment in improving the reliability of software Systems
August 12, 2005 (Press Release) --
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.
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“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.
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