TestPlant recognised by UK Trade & Investment (UKTI) for export success and continued growth

London, UK and Boulder, CO, USA – 14 March 2012 – TestPlant, the developer of robotic test tool product eggPlant, has been named runner-up in the UK’s “National Challenge

Online PR News – 28-March-2012 – London – London, UK and Boulder, CO, USA – 14 March 2012 – TestPlant, the developer of robotic test tool product eggPlant, has been named runner-up in the UK’s “National Challenge: Exporting for Growth” London Prize. At a central London ceremony last week, TestPlant’s Chief Executive George Mackintosh accepted the award from Lord Green, Trade and Investment Minister. The award also secures grants for UK Trade & Investment (UKTI) support and advice to help the continued growth of TestPlant’s export business.
George Mackintosh said: “Being recognised for this award is great news for TestPlant, especially given the calibre of the other finalists. As well as promoting and supporting our export drive, this is also a huge stamp of approval for eggPlant in the UK – a core market for software innovation and design. The help from UKTI and sponsors HSBC and PwC will be used to accelerate our expansion into India and China. The whole process has been of real business benefit to us.”
Parveen Thornhill, Regional Director for UKTI London, added: “The standard of entries was incredibly high and the creativity and innovation of the ideas was fantastic.”
Since it was founded in 2008, TestPlant has seen year-on-year success with an average compound annual revenue growth rate of over 80%. In the last year alone it has achieved a 104% growth rate. Today 85% of its sales are to export markets, including America, Canada, China and India. This latest recognition complements existing awards and plaudits from the British Venture Capital Association and the London Export Awards. The company’s other market-firsts include becoming the only company in its market niche with a patented technology, secured in 2011 from the US Patent and Trademark Office for eggPlant, its intelligent robotic software testing tool.
TestPlant’s eggPlant is a powerful test tool that creates a visual depiction of GUIs and screens, enabling software test engineers to automate the testing of screens through ‘search and compare’. This technique is entirely non-invasive making it a unique and invaluable feature for testers in industries such as defence, security, media and medical devices. More than 500 organisations and businesses worldwide rely on eggPlant for its ability to enhance the ease and efficiency of automation testing, including some of the world’s largest software vendors and businesses.
George Mackintosh concluded: “The recognition of this UKTI Export for Growth prize reinforces our position as a market leader and innovator, and also reflects the global demand for automated software testing and validation. TestPlant is the fastest-growing business in this sector which is driven by the increasing software complexity and the diversity of devices such as smartphones and tablets, which are making the testing of business critical applications fast-paced, consumer-facing and ever more important.”
About TestPlant
TestPlant is an international software business with an established customer base of leading IT and media corporations and defence and security organisations using eggPlant, the world’s leading GUI automated test software tool. TestPlant is headquartered in The City of London and it has a considerable presence in North America, with an office in Washington DC and a development centre in Boulder, Colorado. The business is backed by Seraphim Capital with funds coming from investors in London, Edinburgh and Washington DC. The company is chaired by Jon Richards with founder George Mackintosh as Chief Executive. TestPlant is now the fastest growing small medium-sized enterprise (SME) in this sector with year on year sales growth exceeding 100%. Its achievements have been recognised by the British Venture Capital Association and in the London Export Awards.