CAST, the market leader in Software Intelligence, today announced it has completed a $12.5 million round of capital funding. This comes on the heels of a $22 million investment in technology innovation over a three-year period, which focused on CAST Highlight, CAST’s SaaS-based application portfolio analysis solution that has seen 100% year-on-year growth, and CAST’s Application Intelligence Platform (AIP), the most advanced Software Intelligence platform on the market.
CAST is also on track to aggressively grow partnerships with global leaders in tech-related services. CAST partners include major consulting firms like the Boston Consulting Group and McKinsey, global systems integrators like IBM and Accenture, OEM partners such as Cognizant and MEGA International, and numerous high-energy, highly-skilled consulting firms specialized in system architecture, cloud migration and application security.
The first quarter of 2018 was dynamic with 27.9% growth at constant exchange rates, based on over 40 deals closed with new customers that include Wells Fargo, J. Hancock, Bank Sabadell, Findomestic Banca, General Electric, Fiserv and Microsoft for Saint-Gobain. CAST Highlight saw an impressive 212% quarter-on-quarter growth in Q1.