SAN FRANCISCO Feb. 3, 2010 Coverity
The report highlights Coverity’s last two years of strong revenue growth was driven by increases in investments from both the embedded system manufacturing and ISV business segments. The report also cited Coverity’s gains in the telecommunications, data communications, and military/aerospace markets. Coverity was also recognized for its recent partnership with Armorize, a security testing company, in recognition of Coverity’s expansion into the financial services and enterprise/IT markets.
The VDC Automated Testing report stated that the market for automated testing solutions will continue to grow as the pressure on software to provide both business and product value increases. The report states that "the ubiquitous, mounting pressure on software will generate a commercial [automated testing and verification tool] market with sustained revenue growth opportunities outpacing that of many of software and system lifecycle management tool categories."
The VDC report also notes investment drivers for automated testing and verification products. Specifically, the report states, "as the resulting volume and value of software continues to increase, so too does the corresponding cost of defects in the application under development, in terms of lost business execution time, lost time in market, product recalls, tort liabilities, brand damage, and reengineering labor. Consequently, embedded and enterprise engineers alike continue to utilize automated test and verification tools (ATVT) in higher frequencies."