This investment signifies the emergence of mobile application quality as a rapidly growing and critical space and validates Perfecto Mobile’s leadership position in this market.
Mobile app testing company, Perfecto Mobile, has raised a $20 million growth equity investment from new investor FTV Capital, with continued participation from existing investors Carmel ventures, Vertex and Globespan Capital Partners.
Perfecto Mobile’s cloud-based Platform enables users to remotely access a large selection of real mobile devices connected to local cellular networks around the world and leverage them throughout the mobile application delivery lifecycle – from development, functional and performance testing to monitoring and support.
The company founded by the Israelies Yariv, CTO Yoram Mizrahi and Jacky Allal in 2006, and its headquartered in Woburn, Massachusetts with R&D offices in Israel.
“Perfecto Mobile’s strong leadership and executive vision coupled with its innovative technology has enabled it to become the de facto leader in the growing $9 billion mobile app quality market, ” said Liron Gitig, FTV Capital partner and new Perfecto Mobile board member. “Many of the world’s leading financial institutions in FTV’s Global Partner Network validated the immense pain point that mobile application quality has become and confirmed the significance of Perfecto Mobile’s solution and leadership position. We are excited to partner with Perfecto Mobile in this next phase of development and growth.”
Perfecto Mobile has reached a number of recent milestones. More than 100 Fortune 1000 enterprise customers have selected Perfecto Mobile as their solution to deliver quality mobile applications, spanning the financial, healthcare, retail and travel industries, and including leading brands Weight Watchers, CA, Cigna, EMC and Prudential. In addition, Perfecto Mobile has extended its reach with full support to the LATAM, APAC and EU markets.
“The mobile app market is booming as consumers and enterprise employees depend on high-quality, transactional mobile apps to optimize business performance, increase productivity and better their lives, ” said Eran Yaniv, CEO of Perfecto Mobile. “First impressions are critical for the success of these apps and companies are focusing on quality from the beginning to ensure a great user experience.”