"In Q2 we saw significant increases in license sales to companies making their initial investment in developer focused automated test and analysis solutions," said Mark Johnson (pictured), Parasoft Senior Vice President of Marketing, as Parasoft announced today that its Q2 revenues grew 140% for the quarter year over year.

"But more significantly," Johnson continued, "it was existing customers expanding their usage and application of our products across multiple projects, multiple languages and multiple locations that resulted in significant revenue growth for us."

"Customers are seeing results and expanding their ability to improve the security, reliability and performance of the software they are developing and deploying across their enterprise," he added.

Parasoft was able to report that revenue performance for its industry leading automated web services testing product, SOA Test, more than tripled year over year. Amongst the over 150 organizations that purchased Parasoft solutions in the quarter to help improve the reliability, performance and security of their software were SBC, United Defense, AOL, Bloomberg, Fidelity Investments, Sabre Holdings, Autodesk, Lockheed and Wells Fargo.

Parasoft combines products, services and best practices to help customers automatically prevent errors, improve software quality, and reduce costs. SOA Test is part of a team-wide automated error prevention product suite that standardizes and manages an application across the entire development organization. Parasoft products are currently deployed in thousands of enterprises worldwide deploying Web services, Java, C/C++ and .NET applications.