Telstra Ventures has made a strategic investment in Headspin, a leading mobile application testing company based in Silicon Valley.
Telstra Ventures is the corporate venture capital arm of Telstra. Based in Silicon Valley, Asia and Australia, the corporate venture capital firm has invested in more than 40 technology companies since 2011.
Mark Sherman, Managing Director of Telstra Ventures, said the investment was driven by the strong growth in app downloads and usage. In 2016, the number of mobile apps downloaded worldwide was 149.3 billion with this forecasted to rise to 352.9 billion in 2021.
“From this growing trend, we see the need for organisations to test and monitor the user experience and performance of their applications on any global mobile network,” said Sherman.
The Headspin platform allows organisations to test their apps before launch. It also provides the necessary data to help them enhance the customer experience and benchmark against competitors after launch.
“As a company that provides connectivity to customers, we are excited to leverage Headspin’s capability in simulating and measuring how customers experience our network,” said Sherman.
Manish Lachwani, CEO and Co-founder of Headspin, welcomed the investment from Telstra as the company is expanding globally and into different industry sectors.
“While we have been powering app developers that serve more than a billion monthly active users globally, we look forward to working closely with Telstra to strengthen our reach in Asia-Pacific given the strength of their network, customer relationships and market knowledge,” said Lachwani.
“Our easy-to-use performance management, monitoring and testing platform has already covered over 22,000 devices in 140 locations. With this coverage we collect a wealth of data about the network performance, application performance and user experience. This allows us to carry out analysis realtime and feed back to the developer application activity, issues identified and suggested solutions, and a video playback of the customer experience.”