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HP Application Lifecycle Management, or ALM, 11.5 with lab management automation has been selected by BlackRock Inc, an investment manager in order to enhance delivery of application updates for its investment-management platform, which offers risk analytics with portfolio management, trading and operations tools.

In order to leverage its new Lab Management Automation capability, the company is upgrading to HP ALM 11.5. It automates the scheduling and deployment of application development and testing environments.

HP added that BlackRock will be enabled by the solution to reduce cycle times and ultimately accelerate updates of the company's 30-plus applications for portfolio administration, risk analysis and trade execution.

HP solution is expected to improve employee productivity by eliminating more than 2 months of labor-intensive, manual work for each application tester over the course of a year, noted BlackRock.

"Delivering innovative financial solutions that meet the needs of the global economy is critical to our business success. HP ALM 11.5 with Lab Management Automation offers unmatched capabilities that allow us to deliver high-quality applications that our customers want and demand faster than ever before," commented Jesus Arozamena, vice president, Automation Test Management, BlackRock.

"BlackRock's ability to provide innovative financial solutions depends on delivering high-quality applications that perform business-critical functions and drive competitive advantage. Together with HP Application Lifecycle Management and Lab Management Automation, BlackRock is able to quickly deliver applications that drive business value by accelerating application development and testing, while maintaining focus on quality," added Subbu Iyer, vice president, Products and Strategy, Applications, Software, HP.

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Publication:Mena Report
Date:Sep 3, 2012
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