Financial Institutions Rely on Seapine for Software Quality Assurance

Company sees growing demand for its application lifecycle management software


MASON, Ohio—January 8, 2007—Seapine Software, Inc., a global provider of application lifecycle management (ALM) solutions, today announced record growth of 223 percent year over year in product sales to financial industry organizations around the world. Seapine’s innovative software development tools enable these companies to enhance productivity, reduce risk and cost, and deliver repeatable results while creating mission-critical financial industry applications.


Financial services companies must deal with unprecedented amounts of information and numbers of transactions quickly and reliably. Seapine’s award-winning development tools allow IT organizations to control and track changes to applications, track issues, and manage testing and test cases. Banks, foreign exchange institutions, stock exchanges, insurance companies, credit institutions, and capital management firms use Seapine’s tools to develop Web-based client interfaces, back office account management and claims systems, and proprietary trading and risk management systems.


"Seapine’s tools make it easier for financial institutions to create, modify, and maintain the business systems that run global capital markets,” said Richard Riccetti, president and CEO, Seapine Software. “Using our tools in the software development process allows financial services IT managers to create better software faster, with a high degree of confidence in the quality of their applications.”

Financial industry organizations are successfully using Seapine’s tools to:

  • Provide real-time, secure access to source code files and issues while enabling parallel development, facilitating team communication, managing processes and tools used to create repeatable builds, and ensuring configuration changes are tracked.
  • Track and prioritize tasks, issues, and work items while streamlining communications and meeting critical compliance and policy requirements, such as Sarbanes-Oxley.
  • Automate functional and regression testing while tracking development-related defects and controlling changes to test scripts.

All of Seapine’s ALM products generate metrics-rich, customizable management reports and enable compliance with internal and external management controls.

About Seapine Software
Seapine Software, Inc. is a privately held technology company whose application lifecycle management (ALM) solutions help companies manage the process of developing high-quality complex products—often in regulated industries. Our award-winning ALM solutions drive the creation of recognized brands, life-saving medical devices, even games of the year.

Founded in 1995, Seapine has headquarters in Cincinnati, Ohio, and offices in Europe, Asia-Pacific, and Africa with over 8,500 customers worldwide. For more information, visit

Media Contact:
Sarah Carefoot
Director, Corporate Communications
(513) 754-1655

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