SAN MATEO, CA--(Marketwired - Feb 18, 2014) - Tricentis, a global leader in enterprise software testing solutions, today announced that it has been selected by Clearstream to develop an application that simulates communication with the TARGET2-Securities (T2S) settlement platform. T2S is a financial services platform designed to integrate the securities market for financial-services providers across Europe. The simulator allows Clearstream Banking AG, the German central securities depository, which will join the European Central Bank's T2S platform and which represents approximately 40 percent of T2S volumes based on today's figures, to perform test activities for its software adaptations related to the T2S platform.
"Clearstream is the leading central securities depository (CSD) in Europe, so it is critical that our technology performs optimally on the T2S platform once it launches," said Volker Riebesell, senior vice president, Clearstream, and project manager of the Clearstream T2S implementation. "The simulator that Tricentis developed will be instrumental in helping us verify and test our solution independently of the real T2S platform, adds flexibility to our testing approach, and will ensure that our applications function and perform they way they are designed to."
Clearstream chose Tricentis Tosca Virtualize -- the service virtualization component of Tosca Testsuite -- for its ability to develop a simulator that can test the complete chain of Clearstream processing independently of the T2S platform. This approach has allowed Clearstream to:
- Gain access to a comprehensive, thorough T2S testing environment in addition to what is directly available via the current T2S project
- Support early, incremental implementation, with a focus on the T2S interface
- Use the simulator test tool for more flexible regression testing during the T2S testing phases
- Increase the effectiveness of internal testing and thus further mitigate project risk
"Clearstream is the largest CSD in the future of Europe's integrated T2S environment," said Sandeep Johri, CEO, Tricentis. "Tricentis is proud to partner with Clearstream to develop and deliver an innovative service virtualization solution to accelerate testing and time to market."
Clearstream is the post-trade services provider within Deutsche Börse Group. As an international central securities depository (ICSD) headquartered in Luxembourg, Clearstream provides the post-trade infrastructure for the Eurobond market and services for securities from 53 domestic markets worldwide. Clearstream's customers comprise approximately 2,500 financial institutions in more than 110 countries. Its services include the issuance, settlement and custody of securities, as well as investment fund services and global securities financing. With around EUR 12.0 trillion in assets under custody, Clearstream is one of the world's largest settlement and custody firms for domestic and international securities. As a central securities depository (CSD) based in Frankfurt, Clearstream also provides the post-trade infrastructure for the German securities industry.
Tricentis provides the leading enterprise software testing solutions for Global 2000 companies to accelerate business innovation with peace of mind. The unique Tricentis approach to software testing enables enterprises to achieve unprecedented automation rates while minimizing business-related risks. Tricentis solutions empower organizations to systematically align software testing with business needs, so they can harness technology change while optimizing cost and efficiency. The company's more than 400 customers include global brands such as Allianz, BMW, Deutsche Bank, HBO, Orange, Siemens, Southwest, Swiss Re, and UBS. Tricentis also has the highest customer renewal rate in the industry, at more than 98 percent, and its industry awards include Best in Test 2013. Gartner recognizes Tricentis as a visionary in the recent 2013 Magic Quadrant for Integrated Software Quality Suites. A fast growing, privately held company, Tricentis has offices in Austria, Germany, Switzerland, the UK, the Netherlands, the United States, Australia, and Singapore. To learn more, visit http://www.tricentis.com or Contact Sales or follow us on LinkedIn, Twitter and Facebook.