ZAP technologies continued growth as a pioneer in mobile application transformation and automated testing rewarded with record revenue and income growth during first quarter of 2012
ATLANTA, April 30, 2012 /PRNewswire-iReach/ -- ZAP technologies, the leading provider of full lifecycle test automation solutions for mobile, rich internet (RIA), Apple and Unix applications, today announced record increases in revenue and profitability fueled by the increasing adoption of its ZAP-fiX portfolio of mobile device and application testing products and services.
During the period ending March 31st, 2012, year to year revenues increased 15%, while a successful focus and transition to higher margin software products, add on license expansion to existing customers, and operational efficiencies saw net income jump 80% over the comparable period last year. Material contracts were signed by a major US retail organization and a leading US telecommunications network operator during the period.
"Although ZAP has continued to be a well-managed, profitable company for a number of years, we feel that the current sales and financial performance we are experiencing is an exciting reward for the innovation we have delivered to a new and demanding audience of mobility users. As many of the world's largest financial, retail, telecommunications and technology giants respond to their customer demands to make commercial and business application available on mobile devices, the fact that they are investing their money and trust in ZAP and its products is fantastic," commented Alex Chernyak, Founder and CTO.
Much of the new demand for ZAP-fiX mobile testing platforms is being driven by an increasing, global reseller partner community consisting of many of the world's largest, most prominent consulting and system integration organizations who are increasingly being retained within Fortune 1000 companies to develop and manage large application transformations strategies from legacy infrastructures to meet mobile demand.
Under these agreements, the partner ecosystem recommends and resells the extensive portfolio of ZAP products and services, including ZAP-fiX, the industry leading full lifecycle mobile application testing suite that seamlessly extends the functionality, management and reporting capabilities of HP's market leading Quick Test Professional (QTP), Quality Center and LoadRunner, enabling the rapid application transformations to corporate mobile network and device infrastructures that is one of today's critical initiatives for global organizations in finance, insurance, healthcare, retail, technology and other key markets as they rapidly adopt mobile technologies to reach new markets and increase revenues.
"The adoption of our solutions and the relationships between ZAP and these trusted advisors of major corporations is a natural fit and great news for HP Software users who can now benefit from the aggregated expertise and experience of two companies, with a single goal and focus to deliver world class mobility solutions, under a single agreement," said Mr. Chernyak.
Added Theresa Lanowitz, Industry Analyst at Voke Inc, "ZAP technologies has pioneered the transition of application test automation into the rapidly emerging mobile infrastructure environment, allowing large, global enterprise companies to rapidly respond to the demands of their users and customers to be able to access and use their own smart devices, cell phones, tablets etc. to transact and interact. The sheer scale and complexity of this ecosystem demands rapid, high quality testing and delivery of these key applications on an ongoing basis, and ZAP-fiX is an important automation tool that makes this happen. Existing users of HP's Quick Test Professional (QTP) can immediately extend the functional testing services, processes and investment in trained personnel already in place with the addition of ZAP-fiX, which can be deployed in Mobile, Mac and Unix platforms."
ZAP technologies has been developing and delivering leading consulting services through HP Software for more than a decade. ZAP's specialty is designing best practices around QA management, test automation, performance validation, and application management utilizing HP software products. ZAP experts are actively involved in and work closely with HP Software research and development and product marketing teams on the latest product innovations.
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