Mobile app testing company Perfecto Mobile Inc. has raised $20 million from new investor FTV Capital, with participation from existing investors Carmel Ventures, Vertex and Globespan Capital Partners. The proceeds will be used to fuel Perfecto Mobile’s growth in mobile application quality control. The company develops cloud-based testing, automation and monitoring solutions for mobile apps and websites.
“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 FTV Capital partner Liron Gitig who joins Perfecto Mobile's board. “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."
In the wake of Perfecto Mobile's most successful quarter and fourth consecutive year of over 100% revenue growth, the company has reached 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. Perfecto Mobile has also extended its reach with full support to the LATAM, APAC and EU markets.
Perfecto Mobile CEO Eran Yaniv said, “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. 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."
Yaniv added, "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.”
Founded in 2006 by Yariv, CTO Yoram Mizrahi and Jacky Allal, the company is headquartered in Woburn, Massachusetts with its R&D offices in Rosh Ha'ayin.
Published by Globes [online], Israel business news - www.globes-online.com - on May 7, 2014
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