Renewed interest in standards and software analytics drives continued double-digit growth
New York, NY—March 10, 2016 – CAST, the leader in software analysis and measurement, today announced its results for 2015, extending its three year double-digit growth streak. The uptick was driven by a number of high-profile US client wins and increased awareness of software quality measures among IT professionals and executive boards.
“It’s thrilling to see awareness rising and CAST performing strongly,” said Vincent Delaroche, CEO and founder of CAST. “A growing number of organisations are recognising the importance of measuring their software business and taking steps to ensure their business-critical systems are not exposed to unnecessary software weaknesses,” he added.
In 2015 the firm won a number of new clients such as Broadridge, HP, Health Net, ING, the U.S. Department of State and Department of Agriculture. CAST expects continued increase in demand for analytics and risk prevention, and solid revenue growth to accelerate in 2016 as sales channels become more effective and partnerships with influential consulting firms such as the Boston Consulting Group and Gartner Consulting bear fruit.
In September 2015 the Consortium for IT Software Quality (CISQ) standards for structural quality were ratified. With these standards becoming de rigueur in IT, CAST’s position as a front runner in structural quality standards will propel the firm to meet this demand.
Last year also saw CAST release a number of product updates, including the latest version of its benchmarking application, Appmarq, version 8.0 of its Application Intelligence Platform (AIP) and the world’s most advanced software flaw detection engine, the Application Engineering Dashboard.
CAST is the world leader in software analysis and measurement, with unique technology resulting from $130 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 and software risk. 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 Euronext (CAS) and serves IT intensive enterprises worldwide with offices in North America, Europe and India.
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