Welcome!

DevOps Journal Authors: Yeshim Deniz, Liz McMillan, Pat Romanski, Elizabeth White, Mike Kavis

News Feed Item

Perfecto Mobile Raises $20 Million in Growth Equity Funding to Accelerate Cloud-Based Mobile Application Quality Services

Perfecto Mobile, provider of the MobileCloud™ Platform and integrated mobile application quality suite, today announced it has raised a $20 million growth equity investment from new investor FTV Capital, with continued participation from existing investors Carmel, Vertex and Globespan Capital Partners. The latest capital infusion will be used to further fuel Perfecto Mobile’s record growth and continued market leadership in the rapidly emerging mobile application quality space.

“Perfecto Mobile’s strong leadership and executive vision coupled with its innovative technology has enabled it to become the de facto leader in the growing $9 billion mobile app quality market,” said Liron Gitig, FTV Capital partner and new Perfecto Mobile board member. “Many of the world’s leading financial institutions in FTV’s Global Partner Network validated the immense pain point that mobile application quality has become and confirmed the significance of Perfecto Mobile’s solution and leadership position. We are excited to partner with Perfecto Mobile in this next phase of development and growth.”

Coming off the Company’s most successful quarter and fourth consecutive year of over 100 percent revenue growth, Perfecto Mobile has reached a number of recent milestones. More than 100 Fortune 1000 enterprise customers have selected Perfecto Mobile as their solution to deliver quality mobile applications, spanning the financial, healthcare, retail and travel industries, and including leading brands Weight Watchers, CA, Cigna, EMC and Prudential. In addition, Perfecto Mobile has extended its reach with full support to the LATAM, APAC and EU markets.

“The need for a mobile app quality strategy is imperative because most enterprises’ reputations today are highly dependent on effective mobile apps,” said Melinda-Carol Ballou, Program Director, Application Life-Cycle Management & Executive Strategies, IDC. “This need is creating a fast-growing market for solutions that directly address mobile app quality. The goal of speeding up app delivery without compromising quality across today’s wide range of dynamically changing devices requires mobile app quality platforms that enable distributed teams to share real devices, run cross-platform automated tests and integrate into their existing SDLC tools and workflow, like Perfecto Mobile's approach.”

“The mobile app market is booming as consumers and enterprise employees depend on high-quality, transactional mobile apps to optimize business performance, increase productivity and better their lives,” said Eran Yaniv, CEO of Perfecto Mobile. “First impressions are critical for the success of these apps and companies are focusing on quality from the beginning to ensure a great user experience. Perfecto Mobile is proven to be essential in helping our customers and partners surpass their end users’ quality expectations. Our growth, combined with the support of our new and existing investors, solidifies our SaaS-based value proposition and the leadership that we bring to the market. With the rising importance of distributed application development teams and DevOps, Perfecto Mobile will significantly enhance its cloud offering with new services and capabilities to address emerging needs as well as expand sales and marketing activity on a global scale.”

Perfecto Mobile continues to solidify its position in this market with its growing global partner ecosystem which includes today’s top technology leaders, prominent Global System Integrators, and emerging growth partners. The company’s recent introduction of several significant upgrades to its leading mobile application quality suite, including MobileCloud Performance™, MobileCloud Monitoring™ and MobileCloud Express™ further expand its capabilities and offerings for its customers. For more information about Perfecto Mobile, visit www.perfectomobile.com.

About FTV Capital

FTV Capital is a growth equity investment firm that has raised over $1.8 billion since inception to invest in high-growth companies offering a range of innovative solutions in four sectors: business services, financial services, payments/transaction processing and technology. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for more than a decade. Founded in 1998, FTV Capital has invested in 82 portfolio companies and has offices in San Francisco and New York. For more information, please visit www.ftvcapital.com.

About Perfecto Mobile

Perfecto Mobile is transforming the way enterprise organizations go mobile, enabling them to develop, test, deploy and monitor their mobile applications and services and go-to-market with confidence. Perfecto Mobile’s cloud-based MobileCloud™ Platform and end-to-end mobile quality product suite enables users to remotely access a large selection of real mobile devices connected to local cellular networks around the world and leverage them throughout the mobile application delivery lifecycle – from development, functional and performance testing to monitoring and support. The MobileCloud™ is available either in an enterprise private cloud or a sharable public cloud environment.

More than 1,000 customers, including the top Fortune 100/500 across the banking, insurance, retail, telecommunications and media industries rely on Perfecto Mobile to optimize mobile time-to-market, customer engagement, risk mitigation and costs and continuously serve their mobile users with confidence.

For more information on how Perfecto Mobile can help you confidently test, deploy and monitor your mobile applications, visit www.perfectomobile.com and follow us on Twitter: @PerfectoMobile.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories from DevOps Journal
Qubell, an innovator in application deployment and configuration management, empowers online companies to do what they have never been able to do before: put into consumers' hands innovative new features and services, almost as fast as they can conceive them, without sacrificing control, reliability or uptime. Qubell emerged from stealth in the summer of 2013 (see related press release) and announced that Kohl's completed its initial implementation (see press release). Founded by pioneers in enterprise cloud applications and services, Qubell has its headquarters in Menlo Park, Calif. For more information, visit qubell.com.
BlueBox bridge the chasm between development and infrastructure. Hosting providers are taking standardization and automation too far. For many app developers it does nothing but spawn mayhem and more work. They have to figure out how their creations live on a pre-fab infrastructure solution full of constraints. Operations-as-a-Service is what BlueBox does. BlueBox utilizes development tools such as OpenStack, EMC Razor, Opscode’s Chef and BlueBox's proprietary tools give the power to do the unorthodox things which most hosting providers shun.
DevOps Summit at Cloud Expo Silicon Valley announced today a limited time free "Expo Plus" registration option through September. On site registration price of $1,95 will be set to 'free' for delegates who register during special offer. To take advantage of this opportunity, attendees can use the coupon code, and secure their registration to attend all keynotes, DevOps Summit sessions at Cloud Expo, expo floor, and SYS-CON.tv power panels. Registration page is located at the DevOps Summit site. Your DevOps Summit registration will also allow access to @ThingsExpo sessions and exhibits. Register For DevOps Summit "FREE" (limited time) ▸ Here
SYS-CON Events announced today that Serena Software will exhibit at DevOps Summit Silicon Valley, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Serena Software supports DevOps and Continuous Delivery by providing application deployment automation and software release management solutions to replace slow and error-prone manual processes. 2,500 enterprises around the world trust Serena to help them develop and deploy better software.
Founded in 1997, ActiveState is a global leader providing software application development and management solutions. The Company's products include: Stackato, a commercially supported Platform-as-a-Service (PaaS) that harnesses open source technologies such as Cloud Foundry and Docker; dynamic language distributions ActivePerl, ActivePython and ActiveTcl; and developer tools such as the popular Komodo Edit and Komodo IDE. Headquartered in Vancouver, Canada, ActiveState is trusted by customers and partners worldwide, across many industries including telecommunications, aerospace, software, financial services and CPG. ActiveState is proven for the enterprise: More than two million developers and 97% of Fortune 1000 companies use ActiveState's solutions to develop, distribute, and manage their software applications. Global customers like Bank of America, CA, Cisco, HP, Lockheed Martin and Siemens rely on ActiveState for faster development, ensuring IT governance and compliance, and accelerating time-to-market.
The old monolithic style of building enterprise applications just isn't cutting it any more. It results in applications and teams both that are complex, inefficient, and inflexible, with considerable communication overhead and long change cycles. Microservices architectures, while they've been around for a while, are now gaining serious traction with software organizations, and for good reasons: they enable small targeted teams, rapid continuous deployment, independent updates, true polyglot languages and persistence layers, and a host of other benefits. But truly adopting a microservices architecture requires dramatic changes across the entire organization, and a DevOps culture is absolutely essential.
High performing enterprise Software Quality Assurance (SQA) teams validate systems are ready for use – getting most actively involved as components integrate and form complete systems. These teams catch and report on defects, making sure the customer gets the best software possible. SQA teams have leveraged automation and virtualization to execute more thorough testing in less time – bringing Dev and Ops together, ensuring production readiness. Does the emergence of DevOps mean the end of Enterprise SQA? Does the SQA function become redundant?
Achieve continuous delivery of applications by leveraging ElasticBox and Jenkins. In his session at DevOps Summit, Monish Sharma, VP of Customer Success at ElasticBox, will demonstrate how you can achieve the following using ElasticBox and the ElasticBox Jenkins Plugin: Create consistency across dev, staging, and production environments Continuous delivery across multiple clouds to handle high loads Ensure consistent policy management across environments: tagging, admin boxes, traceability Spin up machines and environments quickly Deploy applications to any cloud Enable real-time collaboration between developers and operations
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distribution, versions, network setup, and other details of this environment. This "containerization" has often been nicknamed "the new virtualization." But containers are more than lightweight virtual machines. Beyond their smaller footprint, shorter boot times, and higher consolidation factors, they also bring a lot of new features and use cases that were not possible with classical virtual machines.
WaveMaker CEO Samir Ghosh is taking a new pass at aPaas, and leveraging the increasingly popular Docker open-source platform, with the announcement of WaveMaker Enterprise. The new version of the company's eponymous software “enables instant, end-to-end custom web app creation and management by professional and non-professional developers (alike) and development teams,” according to the company. We asked Samir a few questions about this, and here's what he had to say: Cloud Computing Journal: You've mentioned the previous challenge of business-side developers making that jump from design to deployment. What sort of learning curve will they still face with Wavemaker Enterprise? Samir Ghosh: “Business-side developers” can include non-programming business users or professional developers under tight schedules or with limited mobile or front-end programming expertise. Both can use WaveMaker to meet their app development needs, but may have different deployment needs. I think business users just want their app to run as easily as possible. In WaveMaker, they can literally click a button and their application will run, either on our public cloud or on the enterprise’s private...