Financial News

CAST Powers Software Risk Management for RWEST Trading Systems

CAST, the leader in software analysis and measurement, today announced RWE Group Supply & Trading (RWEST) has selected the CAST Application Intelligence Platform to perform structural software quality analysis on its key systems for software risk management and mitigation.

From a base of 10 employees in 1999, RWEST now employs 1,500 people and is regarded as a center of excellence in energy trading. It hosts the biggest energy trading floor in Europe and has affiliate offices located in Prague, New York, Singapore, Den Bosch, Mumbai and Geneva. With the business overseeing supply and trading of electricity, gas, coal, oil, CO2 certificates, and biomass in physical and derivative form into multiple markets, maintaining a solid and efficient IT infrastructure posed a formidable challenge.

RWEST decided to take proactive measures to safeguard itself from IT failures caused by increasing systems complexity, which could potentially increase risk and inhibit future change. It opted for CAST’s Application Intelligence Platform (AIP) to perform structural software risk analysis on key systems. This will complement the traditional quality testing activities it already performs on the functional properties of systems. CAST AIP helps RWEST more effectively manage the high level of complexity present in RWEST’s systems, meaning teams can now go way beyond what traditional testing solutions offer and look at structural quality across technologies, systems and layers.

RWEST is now able to identify significant structural issues and software risk, such as robustness or performance, before it goes into a production environment, meaning far less time and money is wasted on poor quality systems. On top of this, CAST has enabled RWEST to better maintain and improve its systems, which will make future change simpler and less costly.

Dr. Andrew Mountford, Enterprise Architect for RWE Supply & Trading, comments: ‘We now have clear insight into eventual and harmful consequences associated with poor software architecture, and a means by which this can be tackled in a sensibly prioritised and effective fashion. CAST has not only given us the tools to analyse the structural integrity of our software, it has provided us with the ability to better develop more intelligent IT solutions so we can confidently manage all current business responsibilities, whilst also focusing on securing a bright future for RWEST.’

About CAST

CAST is a pioneer and world leader in software risk management and analysis, with unique technology resulting from more than $100 million in R&D investment. CAST introduces fact-based transparency into application development and sourcing to transform it into a management discipline. More than 250 companies across all industry sectors and geographies rely on CAST to prevent business disruption while reducing hard IT costs. CAST is an integral part of software delivery and maintenance at the world's leading IT service providers.

Founded in 1990, CAST is listed on NYSE-Euronext (Euronext: CAS) and serves IT intensive enterprises worldwide with a network of offices in North America, Europe and India.

For more information about CAST:
Web: http://www.castsoftware.com
Blog: blog.castsoftware.com
Twitter: http://www.Twitter.com/OnQuality
Software risk management: www.castsoftware.com/software-risk-management

Contacts:

Media:
Positive Marketing
Benedict Sycamore, 0208 237 1056
bsycamore@positivemarketing.com
or
Keso Kendall, 0208 237 1104
kkendall@positivemarketing.com

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