UTest secures $5 million in funding

Southborough's uTest Inc. said today that it has closed $5 million in Series B venture funding.

Targeting software companies as customers, uTest describes itself as a provider of on-demand testing services by a global community of professional testers.

UTest said the current funding round was led by was led by new investors Longworth Venture Partners, a Waltham investment firm focused on information-technology companies, and Egan-Managed Capital, a Boston venture capital firm that, according to its website, was founded by the Egan family; Richard Egan is also a cofounder of EMC Corp., the data storage giant with headquarters in Hopkinton.

In a press release, uTest said the funds will be used to "accelerate growth and continue market penetration, particularly in the Web, desktop, and mobile application space."

UTest's press release noted that Gartner, a research firm, has estimated that the market for software testing is $13 billion.

That press release added: "The uTest model represents an evolution in traditional software application testing. By offering virtual on-demand software testing services and a pay-for-performance business model, uTest offers unique flexibility around tester skill-sets, platform, environment, geographic location, and budget. The uTester community of more than 11,000 highly skilled software professionals across 144 countries is delivering unparalleled real-world testing throughout product development lifecycles."
(By Chris Reidy, Globe staff)