Parasoft Q2 Revenue Growth Fueled by Increased Corporate Investment in Improving the Reliability of Software Systems

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Computers - Software Development - Parasoft Corporation

Release Date: August 12, 2005

Parasoft Q2 Revenue Growth Fueled by Increased Corporate Investment in Improving the Reliability of Software Systems

By Parasoft Corporation
August 12, 2005

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Parasoft Corporation 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.

PR9.NET August 12, 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.

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Parasoft Q2 Revenue Growth Fueled by Increased Corporate Investment in Improving the Reliability of Software Systems

Contact Information of Parasoft Corporation

Phone	888-305-0041
FAX	626-256-6884
Website	http://www.parasoft.com
E-Mail	E-mail Address Protected
Address	101 E Huntington Dr., 2nd Fl. Monrovia, CA 91016

About Parasoft Corporation

Parasoft is the leading provider of innovative solutions for automated software test and analysis and the establishment of software error prevention practices as an integrated part of the software development lifecycle. Parasoft’s product suite enables software development and IT organizations to significantly reduce costs and delivery delays, ensure application reliability and security, and improve the quality of the software they develop and deploy through the practice of Automated Error Prevention (AEP). Parasoft has more than 10,000 clients worldwide including: Bank of America, Boeing, Cisco, Disney, Ericsson, IBM, Lehman Brothers, Lockheed, Lexis-Nexis, Sabre Holdings, SBC and Yahoo. Founded in 1987, Parasoft is a privately held company headquartered in Monrovia, CA.