uTest Named 7th Most Promising Company in America by Forbes Magazine
Fast-Growing App Quality Company Makes Top Ten on Forbes’ List for 2nd Consecutive Year; Ranking Comes Ahead of Company Name Change to Applause, Follows Last Week’s $43MM E Round
BOSTON – January 22, 2014 – uTest, the leading provider of in-the-wild software testing, has been listed at No. 7 on Forbes’ third annual ranking of America’s Most Promising Companies — a list of one hundred privately held, high-growth companies with bright futures. The ranking marks the 2nd consecutive year the company has made the Forbes list’s top ten, coming in at No. 8 last year. The list is featured in the February 10th print issue of Forbes and the full list of companies is available online.
Forbes ’ third annual list of America’s Most Promising Companies recognizes 100 privately-held, high-growth companies. Companies that made the cut boast compelling business models, strong management teams, as well as notable customers and investors.
Forbes strove for a holistic gauge of young, privately-held businesses, attempting to pin down their trajectories by taking a range of variables into account. Over the course of four months Forbes reviewed hundreds of applications. The final assessment is based on growth (both in sales and hiring), quality of management teams and investors, margins, market size and key partnerships. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbesproduces a final ranking.
Headquartered near Boston, uTest has seen consistent success and sharp growth since launching in August of 2008. The company has received over $80 MM in funding, including a recently-announced
$43MM E-Round, led by Goldman Sachs. The company had previously announced that it will be expanding its app quality offerings and changing its name to Applause later in 2014.
Other recent milestones include:
- Establishing a presence in Silicon Valley, Seattle, New York, Los Angeles and Dallas – with resellers serving dozens of international markets
- Testing more than 30,000 new builds for 2,000 companies of all sizes – including Google, Microsoft, Amazon, USA Today, Rolex, Box and Runkeeper.
- Growing its global community of professional testers to more than 100,000
- The acquisition of mobile SDK, Apphance in 2012
- The launch of Applause Analytics in 2013
- Numerous awards, including additional recent wins from theAmerican Business Awards,Gartner and Inc.
“Being named as Forbes’ 7th Most Promising Company in America is an amazing honor. And to make their top ten in consecutive years is a great affirmation of the apps economy and uTest’s role in it” said uTest CEO, Doron Reuveni. “Given the future growth of the apps economy – for phones, tablets, laptops, wearable devices and automobiles – it is critical that companies’ apps work flawlessly in the hands of users. The fact that we enable customers to create apps that their users love positions us well for our future as Applause and for the steep growth that lies ahead.”
uTest provides in-the-wild app testing solutions that span the entire software development lifecycle – including functional, security, load, localization and usability testing. The company’s community of 100,000+ professional testers from 200 countries and territories puts web, mobile and desktop applications through their paces by testing on real devices under real-world conditions. Thousands of companies – including Google, USA Today, Amazon, Virgin, Sony, Box and Trulia – rely on uTest as a critical component of their testing processes for fast, reliable and effective testing results. The company recently announced that it will be expanding its vision and changing its name to Applause in 2014. Visit uTest at www.utest.com and keep tabs on @uTest via Twitter.
For more information, contact Nick Lorenzen, firstname.lastname@example.org, 617-688-0525