February 20, 2007 08:00 ET

Raymond James Financial Partners With CAST Software to Enhance Enterprise AD Quality, Agility and Governance Across Their Entire Development Organization

NEW YORK, NY -- (MARKET WIRE) -- February 20, 2007 -- CAST announced today that Raymond James Financial, Inc. (NYSE: RJF), one of the largest and most respected financial services firms in the United States, will be deploying the CAST Application Intelligence Platform across the company's application development organization. This decision comes after a highly successful pilot earlier in the year determined that the CAST solution delivered Raymond James both immediate and long-term value by measuring, monitoring and controlling the internal quality of their business-critical applications.

"After an extensive review, we believe the CAST Application Intelligence Platform measurably increases the agility of the Raymond James development team, while substantially enhancing our ability to audit and enforce quality across business-facing applications," commented Tim Eitel, CIO of Raymond James. "CAST will enable us to continue identifying and eliminating defects prior to production, of course, but we also expect to see an immediate increase in developer productivity and maintenance cost containment as our company continues its rapid growth."

The CAST Application Intelligence Platform is an Application Development Performance Management software system, enabling executives and managers to actively govern application quality and improve team performance. The CAST Platform analyzes complex software applications, from the GUI to the database, and automatically provides the metrics and information needed to measure, control, and improve the health of business systems and the performance of development teams around the globe. By deploying CAST Raymond James will be better able to take advantage of a 'hybrid approach' to development (leveraging best of the breed packaged and proprietary systems) by ensuring that its strategic deployment partners deliver high quality code.

"We are very excited to be working with such a respected leader in the financial services market as Raymond James," said Vincent Delaroche, CAST founder, President and CEO. "Their highly dynamic and mobile development team makes them a perfect fit for the CAST solution. I believe that we're going to see increased momentum among industry leaders in the U.S. like Raymond James as the market recognizes that CAST's unbiased code-based measurement system enables a more industrialized approach to globally distributed application development."

About CAST

CAST is the world leader and pioneer in Application Development Performance Management software, providing the metrics and information IT executives must have to measure, control and improve the quality of business applications and the performance of development teams around the globe. Founded in 1990, CAST has helped more than 600 organizations worldwide speed delivery to the business, mitigate risks in production, improve the customer experience, and reduce the total cost of application ownership. CAST is listed on Compartment C-Eurolist by Euronext Paris (EURONEXT: CAS) and serves Global 2000 organizations worldwide with a network of 11 fully staffed offices in the US and Europe. For more information visit

About Raymond James

Raymond James Financial (NYSE: RJF) is a Florida-based diversified holding company providing financial services to individuals, corporations and municipalities through its subsidiary companies. Its three wholly owned broker/dealers, Raymond James & Associates, Raymond James Financial Services and Raymond James Ltd., have more than 4,600 financial advisors serving approximately 1.6 million accounts in 2,200 locations throughout the United States, Canada and overseas. In addition, total client assets are currently over $193billion, of which approximately $33.9billion are managed by the firm's asset management subsidiaries.

Contact Information

  • CAST Press Contact:
    Kevin Young
    Phone: (212) 871-8335
    Email Contact