NEW YORK, Oct. 22, 2007 (PRIME NEWSWIRE) -- CAST today announced that Credit Suisse made a significant investment in the CAST Application Intelligence Platform to help govern application development. Having executed a successful pilot with CAST, Credit Suisse decided to roll out the technology to some of the most critical applications supporting the Equities business.
"We were looking for a way to generate more insight into the outcomes of our global development efforts," according to Hank Hyatt, Global Head of Equities IT. "What CAST provides is the means to proactively monitor software quality to more efficiently manage our offshore development efforts, to truly run our application development shop like a business."
CAST's proven ability to work with large financial services institutions as diverse as Allianz, BNP Paribas, HSBC, and Raymond James, and CAST's value in managing outsourcing engagements is drawing the attention of many Wall Street technology executives. CAST is quickly becoming the point of reference among systems integrators and IT management for measuring performance of development teams and "technical quality" of resulting IT systems. Technical quality usually refers to the quality of the architecture manifested in the source code, along with overall software maintainability. Measuring developer outcomes in terms of technical quality is quickly gaining as the accepted approach to manage IT system risks related to performance, security, downtime, and ballooning maintenance costs.
About Credit Suisse
As one of the world's leading banks, Credit Suisse provides its clients with investment banking, private banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 45,000 people. Credit Suisse's parent company, Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at http://www.credit-suisse.com.
About CAST
CAST is the world leader and pioneer in Application Intelligence software, providing the metrics and information IT executives must have to measure, monitor and improve the quality of business applications and the performance of development teams around the globe. Founded in 1990, CAST has 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) and serves Global 2000 organizations worldwide with a network of offices in the U.S. and Europe. For more information visit www.castsoftware.com.