Mobile Application Services Company Raises $20 Million
A company whose technology helped Weight Watchers test a mobile application that assists its members in keeping track of their points has raised $20 million in funding.
Perfecto Mobile received investment from FTV Capital, with continued participation from earlier backers Carmel, Vertex and Globespan Capital Partners.
The Boston-based company makes tools for developers to test their mobile applications prior to launch and monitor the software’s performance thereafter. Its customers come from various industries, including finance, health care, retail and travel.
Perfecto Mobile CEO Eran Yaniv said the infusion of cash will help it expand beyond testing and monitoring services to offer tools for validating the security of mobile applications. The company also plans to consolidate its position in North America and Europe and move into Asia and potentially Latin America, he said.
“Perfecto has been growing really nicely in the last three years,” Yaniv said. “We feel that the market is actually running at a faster pace, so we need to accelerate.”