BB&T Invests in CAST to Manage Software Risk

Part of Broader Program to Improve IT Results and Productivity

NEW YORK, Tuesday, July 10, 2012 – CAST, a world leader in software analysis and measurement, today announced an investment in the CAST Application Intelligence Platform (AIP) by BB&T Corporate, one of the largest financial services companies in the United States. BB&T operates over 1,800 financial centers and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services.   As with many retail banks, bringing new and reliable products to consumers is a competitive advantage.  And like many in the industry, whose core competency is not managing application development, these organizations turn to systems integrators to help develop and deliver these products and services to the market.

With BB&T’s application development activity continuing to grow year over year to support BB&T's delivery channels, the IT organizations goal is insure consistent, high quality deliveries.  BB&T made an investment in CAST AIP to support a management initiative aligned to business goals such as: improving the stability of systems in production and improve outsourced development productivity. Over the last two years, BB&T’s investment in CAST AIP has grown from a few critical systems to a more comprehensive monitoring of their portfolio of applications.

“A key motivation to use CAST is to automatically generate quantifiable changes in risk, quality and quantity while providing the outsource partner feedback required to address these risks and improve the overall reliability and security of applications.” said Dr. Bill Curtis, SVP and Chief Scientist at CAST. “This is a compelling business case for any enterprise that relies on technology for customer service and competitive differentiation.”


About CAST
CAST is a pioneer and world leader in Software Analysis and Measurement, with unique technology resulting from more than $100 million in R&D investment. CAST introduces fact-based transparency into application development and sourcing to transform it into a management discipline. More than 250 companies across all industry sectors and geographies rely on CAST to prevent business disruption while reducing hard IT costs. CAST is an integral part of software delivery and maintenance at the world's leading IT service providers.

Founded in 1990, CAST is listed on NYSE-Euronext (Euronext: CAS) and serves IT intensive enterprises worldwide with a network of offices in North America, Europe and India.