MAJOR SOFTWARE VENDOR INVESTS IN BETTER REQUIREMENTS
Higher requirements quality means faster application development
EMERYVILLE, CA—October 8, 2008—Ravenflow™, the global leader in Rapid Requirements Definition™, today announced that it has closed a major deal with a billion dollar independent software vendor who is a leader in the enterprise software market. This is the second largest deal in Ravenflow's history and highlights Ravenflow's rapid growth, with revenue rising 53% over this period last year.
"Our client was growing quickly and needed to find a way to increase IT output without increasing staff," said Susan Boers, president and CEO of Ravenflow. "They had invested in requirements management solutions, but had not seen the expected benefits in improving business analyst efficiency, speed, and accuracy."
"RAVEN addressed the client's requirements challenges—in the first few days of using RAVEN, they received an immediate return on investment by reducing three days of estimated work to a finished specification in just five hours. We continue to see these dramatic savings time and time again."
About Ravenflow
Recently named the fastest growing vendor in the requirements field, Ravenflow software enables business analysts to quickly build stakeholder consensus on requirements, reduce the time required for stakeholders to approve specifications, reduce developer rework due to requirements errors, and seamlessly link requirements and testing. Business analysts and stakeholders across all industries depend on Ravenflow's award-winning RAVEN to quickly visualize and validate software requirements. RAVEN integrates with IBM Rational and Telelogic applications, Microsoft Visual Studio, and HP Mercury. Ravenflow is based in Emeryville, CA; for more information, please visit
www.ravenflow.com.
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All products mentioned in the release are trademarks or registered trademarks of Ravenflow. All other trademarks, trade names, and/or product names are used solely for the purpose of identification and are the property of their respective owners.
Press Contact:
Adam Frankl
Vice President, Marketing, Ravenflow
adam.frankl@ravenflow.com