New software development lifecycle management software used by KeyBank, Champion Mortgage and others...

Last week, QAVantage, a leading provider of software development lifecycle management software, announced the release of version 4.0 of its RTIME™ product. You will notice that a number of prominent financial institutions, including KeyBank and Champion Mortgage, are users of RTIME.

Some of the benefits of this solution include:

- Enforces development and change management process/methodology
- Enforces IT compliance
- Prevents software defects, improves software quality and lower costs
- Reduce development cycle times lowering costs and bringing products to market faster
- Facilitates team collaboration and visibility across all stakeholders to ensure project success, and software meets business needs and accountability

A copy of the news release appears below.

QAVANTAGE LAUNCHES RTIME 4.0 –
A USABLE, FLEXIBLE AND AFFORDABLE SOFTWARE DEVELOPMENT AND TECHNOLOGY MANAGEMENT PLATFORM
With a proven track record at Key Bank, Champion Mortgage and other leading firms, RTIME is improving process methodology and helping to enforce IT compliance.

Parsippany, NJ – Nov. 13, 2006, QAVantage, a leading provider of usable, flexible and affordable software development lifecycle management software, announces the release of RTIME™ version 4.0. Selected by Key Bank, Champion Mortgage and other leading firms over competitive solutions, RTIME’s usability and affordability ensures involvement by all Business and Technical stakeholders. RTIME delivers the collaboration, visibility and traceability teams need to minimize defects, reduce cycle times, lower costs and ensure technology project success. Software vendors and commercial organizations alike will benefit from process enforcement over multiple initiatives including new application development, change management and IT compliance in a single application.

“We selected RTIME to help us manage our largest web-based initiative in 2002. RTIME allowed us to accurately capture the requirements up-front, avoiding misinterpretation while helping to forecast the level of effort for testing. Along with defect tracking and solid reporting, RTIME was critical to managing the tens of thousands of requirements that were part of this project. We also knew we would see substantial savings ensuring overall quality prior to roll-out” said Lorri Shipman, Manager, Central Testing.

RTIME provides a single centralized solution that succinctly manages a company’s Releases, Project Costs and Estimates, Requirements, IT Controls, Technical Specifications, Test Cases, incidents and more providing senior level management with a web based dashboard for complete visibility. In addition, RTIME is completely configurable to meet the needs of various methodologies with “Out of Box” integration to commonly used applications such as MS Visual Source Safe, MS Project, MS Outlook, Lotus Notes and industry leading testing tools.
“Many companies struggle with the visibility, collaboration and process methodology enforcement required to effectively manage software development and technology projects. And now more than ever, compliance is driving organizations to adopt new methods for better visibility and control over and across multiple initiatives. Since 2002, RTIME has been helping customers address these common challenges while reducing cycle times, lowering costs and improving software quality”, said Paul Schwartz, recently appointed CEO of QAVantage.
New features in RTIME 4.0 include:
- A web-based reporting dashboard delivering graphical and tabular reporting to further improve individual and cross project visibility
- Enhancements to the RTIME MS Project Gateway for even greater control over budget management, time and cost estimates and resource management
- The ability to manage technical specifications with linkage to business requirements further improving overall traceability
- Templates to jumpstart configuration, for various development and IT compliance methodologies
Developed and enhanced through nearly a decade of real-world project endeavors, RTIME’s feature-rich technique is both usable and practical at a price point that any size organization can afford.

About QAVantage Founded in 2006, QAVantage, based in Parsippany, NJ is a software company that provides RTIMETM, a ground-breaking project management and software development lifecycle management platform. RTIME, initially developed and used as a servicing tool in 1997 by LastCall Solutions has been in production as a packaged product since 2002. LastCall Solutions, a Quality Assurance consulting company, formed QAVantage to focus exclusively on bringing RTIME to a broader market at a price point any organization can afford.
For more information on QAVantage or RTIME, visit http://www.QAVantage.com send an e-mail to contact@QAVantage.com or call 1-800-573-1983.
QAVantage, the QAVantage logo and RTIME are trademarks of QAVantage. All other trademarks are the property of their respective owners.

Media Contact:

Dennis O’Connor
Paradigm Communications (for QAVantage)
(508) 650-0100; cell: (781) 883-5109
Dennis.oconnor@paradigmshiftpr.com