Company Profile
 
CAST is an enterprise software vendor ($40M FY07, profitable) with an expanding base in Europe and a fast-growing presence in North America. CAST markets software that enables IT executives to improve performance of internal and outsourced applications teams by providing metrics and insight into the quality of development output. Real-time “Application Intelligence” allows an executive to manage their delivery capability in ways never before possible – proactively controlling application health, increasing agility, and transforming their teams into word-class delivery organizations.
Recent IT trends, such as globalization, outsourcing and increased cost/benefit scrutiny are fuelling demand for CAST’s Application Intelligence solutions. IT executives are increasingly receptive to speaking with CAST, finding the value proposition relevant and immediate. Working with analysts and thought leaders to develop a leadership position in the Application Intelligence space has begun to pay off. The company just hit a pivotal growth spurt, with revenues up 50% year-to-year, and the financial services sector is especially hot. The U.S. sales organization cannot handle the growing demand and must expand to avoid constraining growth. As more and more household names come online, the market momentum will only accelerate. CAST has already helped more than 600 organizations worldwide speed delivery to the business, mitigate risks in production, improve the customer experience, and reduce the total cost of application ownership. CAST is listed on NYSE-Euronext (Euronext: CAS). |
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