Software Analytics and Risk Awareness Demand Surges
Renewed interest in standards and software analytics drives continued double-digit growth
CAST, the leader in software analysis and measurement has 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.