Perfecto Mobile Adds $15 Million in Funding to Bolster Mobile App Testing and Monitoring Leadership

Funding fuels further market reach and continued product innovation
 

Boston, MA, October 16, 2012 – Perfecto Mobile announced it has secured $15 million in the company’s third round of financing. In recent years the company has achieved over 100 percent annual revenue growth, established a customer base of more than 600 organizations, and led the market in product innovation. This latest funding, led by Globespan Capital Partners, a global venture capital firm specializing in information technology, joined by existing investors Carmel, Vertex and the Waisbein Fund, will further Perfecto Mobile’s business growth and accelerate continued innovation.

“This infusion of capital is perfectly timed as it will allow us to capture this rapidly evolving market opportunity” said Eran Yaniv, CEO of Perfecto Mobile. “Currently, our MobileCloud™ platform serves as an enterprise-wide strategic resource for global testing, development, and support for product teams to collaborate and work on thousands of smartphones and tablets in real time, all via the cloud. This funding will fuel the required innovation to complete our vision of creating an end-to-end, cloud based, enterprise-ready solution.”

Perfecto Mobile is at the forefront of a major shift in the way organizations ensure quality mobile applications. Mobile applications have become critical to business success and the need to be better, faster, and more reliable is even more imperative now than ever before. Traditional approaches and tools for ensuring application quality fail to address the disruption mobile apps bring to the market, such as device diversity, new interaction methods, location sensitivity, and continuous agile delivery. Perfecto Mobile addresses these key characteristics while allowing organizations to leverage their investments in people, process and tools to manage the overall application lifecycle.

"Perfecto Mobile has established itself as the leader in the enterprise mobile application testing and monitoring space by offering a powerful solution,” said Jonathan Seelig, Managing Director at Globespan Capital Partners. “Our firm was particularly impressed by the Company’s technological prowess, broad enterprise customer base, and established eco-system comprising of strategic partnerships with leaders such as HP as well as IT service providers, including Accenture, Cognizant and Tata Services. Perfecto Mobile is moving fast, we expect more news from the company in the near future."

 About Globespan Capital Partners

Globespan Capital Partners is a global venture capital firm with over $1 Billion under management.  Globespan primarily invests in go-to-market rounds of information technology, Internet and mobile communications companies.  Our investment team has a proven track record of effectively working with entrepreneurs, top tier co-investors and strategic partners to help build market-leading companies. With offices in Boston and Palo Alto, we invest throughout the world on behalf of an international base of limited partners.  To learn more about Globespan Capital Partners, please visit www.globespancapital.com.