SOASTA Continues Momentum With New Funding Round And New Partnership

SOASTA closed a $10 million funding round led by UV Partners with participation from its existing investors and will be targeted at global expansion. SOASTA is a cloud computing provider that delivers on-demand application load and performance testing. Recent customer successes include tests with Best Buy, Hallmark, MySpace, SAP and Zappos.

The new round of funding follows on the heals of the company's new partnership with Computer Sciences Corporation (CSC), which has integrated SOATA's CloudTest solution into CSC's Trusted Cloud Services offering.

“We have made rapid progress defining and growing the cloud testing market since our launch. We are increasingly seeing enterprise customers that were using traditional testing tools such as HP LoadRunner turn to SOASTA CloudTest for a more affordable, web-scale solution,” said Tom Lounibos, CEO, SOASTA. “This round of financing will help us through our expansion phase as well as accelerate the development of new products that will allow us to maintain our market leadership.”

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