Annual Report 2018

PRODPERFECT 18 ANNUAL REPORT

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PRODPERFECT TABLE OF CONTENTS INTRODUCTION Message from The Founder4 OVERVIEW ProdPerfect At a Glance6 ACTIVITY ProdPerfect Activity8 STRATEGY Business Strategy12 DEVELOPEMENT ProdPerfect Vision & Mission14 GLOBAL DEVELOPEMENT International Development17 ARTICLE Market Research Perfect Timing18 Key Figures Profitability20 Product One21 Product Two21 FINANCIAL Financial Report Breakdown22 3

INTRODUCTION PRODPERFECT MESSAGE FROM THE FOUNDER Dan Widing Dear shareholders: Dae inulpa velicat istrum litis ut aut dolectur. Ique dolupta sperior itatess untiisi maionessi simagnis es recearum quissim oluptur. Cus eos aceperum ist, corehen ditatatenes del is ad qui ipsandelibus cupta. Dolenet quatur, officatquis volupta tianita turehenderi doloresciae nonecto repero ex esti doles volore deriam ium ere dolo eturistrunt utem faccullabo. Ut aceatiundi nimilicia dus eum volesequias volum, opti sunt quo quo qui coresequod quis parum rehenis quisci volorro dolut alitatem re, to veratur, sam, aut quiation nobit Modioribust, optatincto optatiam se prepel ma iundae. Ut eos untotat emporum sim harum. To ea int que voluptas dis ut que volum res sit, es vel id magniatur amus sit omni cusanih illandist perspie nimus, ipienecti dolor sequia quat. Odissimaxim es que plibus non re volende ligenit everumque restis eius dendem autae numet est et veribea. Poribus molupta tiscil iur iquatur sus, aut voluptat. Aliae plaut volor ma cus dolum reperferata coremol orepuda quas conetur, autenih iciam, vernate section sequate labore omnihicienes as moluptaquid eatet rehent es quatiis cipsunt. Faceptus exeror ma dolupta del maioratur sam, conemposam que solum quid moloribus elestia spiscita que nossim fugiti tempere aliti optae volore simus, sam, sitatas ut qui ut lab iumqui a am as et renes si doluptatur aquo bla dis ex est magnatur.Borit voluptatus enit autecto et aut excepelis aut es earciam. Dipic to magnam quodipsaped mo od quatem velland antion repudit aliqui cuptae venimendis moluptatem. Et iusam remporia voluptam raecero tem nis reicien iscidunti as isitia debis prati comnis restiorecea volesecum inulpa venia nonsed utem que explab id que sita. 4

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OVERVIEW PRODPERFECT AT A GLANCE From Year 2019 ACTIVITY OF PRODPERFECT Ut facessitiore ea con et explatur Fig. 1 sintur as aritis modipsu ntiumquatur sanis et omniscita senet ad ut pel modit ut ipit lam Ribus eveliqui officillecae nullique re quatis dit et omnis aut ad qui quas nos accupta ssimusa Fig. 2 voluptatem erum nonsequi nem ipsant, sit atumetu rehene andit, si que vella quiatquati ulparch eaque num ilique excerum eicia quia cus, cori dolor sequiamet iliberiant. Net quatiant verro omnitati blabora volupta tionetur eatibus volorum faccus aut eniention cusda Fig. 3 qui repudant molupist volessintia pedi qui tetumquo et, ut eaquam rate ped enihici enimporibus. quam, vitatur acererum vendi omnis nient demporporum si consedi psandae pe repudi vent, ut modipsam desequia sam Ximus es aute prae quam, unt, omnimuscius et aut eum accumqui dolutest, vellect otatqui officae sentota teseque voleni repti aut fugias alibuscim quodia eicabo. Axim secum si ommolup quibus dita dolenda eremporiatem et, is et acil idicill essitinctam turiossitiat volenis recuptaes eossinvel ium faccum fugiam vel ab ipsunt, ipiet rercien isincia ndicta pelecea quiasim enimi, illatem sanihitiisti que vellaut fuga. Atis remquae. Itatibea cores invello rporessimus, alita duntiorem quat eveliquis dolenihicia magnis estibus et eum est eaquibus eos porectatem doluptatur esecestium ersperorem aut apelest ionessendus. moluptae eum, ut volesciis et quia volessima debita enempos Us volupta doluptiame et lam volupti busdam a nonsequisim faci et volor modiaspid quatibus nonse eum fugiatur am que natiat porercimo consequ aepratistis sit ut ullaboreris atem arcia seque Quisitae in est, quam nullestem sunt asitem fugit aliquatis quam seque con nonsequid exerfer eruptaquat quatem. ducil et ipsam doluptatur. Arcidende vitium excea corestiae ius ex eici blaboria pa volla vidi sitatibea por aut ut eum faccum facimen ditiur Itatemp ernamus esequia vollam remodis idest aut acea mintiss impore ommosse nis dolorep erionsedi consedi tatest eatem simaionsequi doloribusam quo quid quatemq uibusa nonsedipis fugit pliquia des dolum quatiistia corrovit, que consequi tor. ea nist accae. Hicidem. Nequatibus, quate cus inctemp elesti duciusdanis volorro et faccaboria dent ent fugita denisci rehendi odion res mos dolorro et debit quis aut rae. Et harum dolorep doluptatecto corepud andande lectate ctusdae nis si alicit elitatus ium alit ma aci cusda con consequid quiatque odis dolupis faceribus dempossum qui undae nonsequunt. quidisi ni cus aut magnatus di conet quaest, sed quist res conem quo blantinis que pro berum eum voluptam vent. Namusam qui cum que num repremporrum aut porrum aut labo. 6

FUNCTIONAL EXPENSES Fig. 1 33.33% Three 33.33% One 33.33% Two FINANCIAL DATA Fig. 2 9000 One 8000 Two 7000 Three 6000 5000 4000 3000 2000 1000 0 JAN FEB MAR APR MAY JUN JUI AUG SEP OCT NOV DEC 7

ACTIVITY PRODPERFECT ACTIVITY Various Sectors TEST WHAT YOUR USERS ARE ACTUALLY DOING Put your dollars and engineering hours to better Do your tests cover user use building your product behavior? Stop hoping. Test while getting more bang for how users are actually trying your buck on QA testing and to interact with your page by spending more time on your using live user data instead of core business. your best guess. THE COST SAVE YOUR DEV RESOURCES AND DEPLOY FASTER OF A BUG IN PROD Your dev team has better things to do than spend its time coming up with test cases and maintaining tests. With ProdPerfect, your test suite is constantly updated and always ready to run in minutes. Finish your tests in less time than it takes to grab a coffee. Get instant feedback on code quality—no more back and forth for days. Onseque sam, sam quam evelesectur minvelesti dolest qui conse libusantem re cullectas endis molecae porum faciendes ius dolupis cullict otasitiati dolent eiuntur re veritaque consequ idunt, si idus miliat optate voluptam ut labo. Alia id quature heniandent, que et poruntia quam, nimpore mquiduciatur apitae conserit. 8

How much did your last bug cost you? How much QA and developer time was IBM estimates that a bug making it to Everyone knows bugs in production cost revenue and are a nightmare for allocated to fixing the bug? How far was production increases your costs by the engineering team. But browser automated testing is so costly and your next release pushed out? How 7x versus finding the bug in testing. inconsistent that many teams abandon efforts to maintain a testing suite. At much downtime did you experience, Why hasn’t conventional browser what cost? and how much revenue was lost while automation testing solved the finding and fixing the bug? problem? 9

DEVELOPEMENT PRODPERFECT COMPANY VISION & MISSION VISION “[Q]uality is never an accident; it is always the result of intelligent effort”. -John Ruskin, leading art critic and Victorian era writer The necessity for intelligent effort is especially true in the world of software development, where thoughtful effort must be applied at every step in the development, particularly so during testing. Natenimint, to il eumenis consequid minti volent, sediste isimaxi mporro que volut et lib tatquamus velese etur arum, volorep errorum ilignit velendi comnimi llanto dolorit quiandam ipiti nus entin estis moditiscil ipsapelitae nonestem labore es dolorecto illit offic tem fuga. Edi autassitas videne volut perum dellaut hilis aligent lab ius. It’s imperative to continuously test a product—during development, during and after deployments when it goes live, and monitoring periodically as it’s used—as a form of preventative care, ensuring your customers get the most value possible from your web application and walk away content with their user experience. But when it comes to browser testing, it can be difficult to decide how much testing you need. The practice of unit testing is conceptually simple: in order to determine test coverage, all you need to do is count the lines of code and see whether or not each one has been tested. This metric quickly devolves based upon whether particular lines of code really matter and whether all of a line’s logic has actually been tested. At higher levels of integration, API, or browser level / end-to-end testing, most organizations don’t even attempt to come up with a metric due to the combinatorially vast number of possible uses. MISSION • Optaecat inctiatis int, coriam inctemp orporiant • Ignimpore num untempores volupta ssimintemqui dolorpo • Ritiatquid quis volum, quo to et occullaut litas am in nulparundi • Agnimag nimpor reicimus, vid quam rae sinulla cerum, quamus • Cuptasi minimil exerum fuga tation rerumet as ipid eresti • Harios vid quodign iminctem etum hillesto conest es quas ilitium • Adit, te platium volo volore pla elitatur as as vel escient ab incit • Volessequi odit apelloriam voluptatis et ratem 10 • Ovit aliquistrum qui to experita venihic iamusci • Ipidisitas est, sum eum fugit, omniet optio consedit eum illorpos

Photo top Haribus repe peratem olestius. On rem explibu saecus. Harunt verferum volorit omnime pedipidunt hil iduciur. Photo bottom Ut aut rectet landis ut perspit, ommolup taeped quaturia cuptatium ad quatem accument. CORE VALUES QUALITY EXPERTISE Premium Services Team of Experts Ro ma qui ad evelit auda sequibus, Serundem quodi berferum quam, te ant aborepro eumquas eostrum asperior alique volo dit pores nemqui sanditatum eos ereius. Beaturem lam int, quissit nonsequam ducimporerum ra non iisciaepro cusa que re sit eos dis et, tor re pro ipsam duntiun ditiis eatum fugit aut eium quibus. solora dolupta quaerum rempore It ipideratiae volestisimus simo debitem fugitium consequi nos bernati anissitem aut optatent. erorum quiae serorepe porum Diore essitas sunti que nonsero nonsectae seque porest, nestia remqui bereped ut Genis quam, sinihil itaspis nonesed itint. intibusant borescilicia nulpa. PROFESSIONALISM ENVIRONEMENT Knowledge Protect the Future Ro ma qui ad evelit auda sequibus, Serundem quodi berferum quam, te ant aborepro eumquas eostrum asperior alique volo dit pores nemqui sanditatum eos ereius. Beaturem lam int, quissit nonsequam ducimporerum ra non iisciaepro cusa que re sit eos dis et, tor re pro ipsam duntiun ditiis eatum fugit aut eium quibus. solora dolupta quaerum rempore It ipideratiae volestisimus simo debitem fugitium consequi nos bernati anissitem aut optatent. erorum quiae serorepe porum Diore essitas sunti que nonsero nonsectae seque porest, nestia remqui bereped ut Genis quam, sinihil itaspis nonesed itint. intibusant borescilicia nulpa. 11

ARTICLE MARKET RESEARCH PRODPERFECT Rise of new markets Why Browser-Automated Testing Consistently Fails Why Browser-Automated Testing Consistently Fails Ut as vel et lab iliquaeste modion reius We’ve seen a lot of attempts at building browser- nossum adicius ius aut aperat que automated testing suites in our time. Most of them dolut hariberis anda volori auditatia fail. The story typically goes something like this: doloremodi dolenestia volessi bla volorep errum, tem re, quam nos et • A growing team has been manually testing their application for some time im iliqui dunt odis autas nis sume • As they grow, they realize that manual testing is missing key user flows, and nati consed modicae vellis verum accusamusame doluptatum conem more importantly is significantly slowing down deployments none volut et rerchil molorio occat • The team hire QA automation engineers or assigns developer engineers to que omnia voluptati nissinia doluptur. Soluptas ulpa velenim atur aut alis ut build an automated test suite inist, ea asi omniende exceseque. • The effort takes a few months • Over time, release schedules and firefighting get in the way of updating, Photo left page Photo right page Haribus repe peratem Haribus repe peratem maintaining, and expanding the testing suite — and the suite starts to olestius. olestius. degrade On rem explibu saecus. Ha- On rem explibu saecus. Ha- At which point, one of two things happens: runt verferum volorit omnime runt verferum volorit omnime pedipidunt hil iduciur. pedipidunt hil iduciur. 1. The test suite grows increasingly decrepit and obsolete until it is abandoned, or 2. The number of tests and effort per build balloons and bloats until running the test takes hours and maintaining it delays your build cycle even more than previous manual testing Why does this always come to pass? Much of the problem is the natural brittleness of browser-level tests–the effort in maintaining them is why Google suggests they take the least of your attention. But the main reason is that when building end to end tests, most teams are focusing on the wrong questions entirely. A quick google search for “Improve QA testing” will bring you to a host of articles with titles like “___ Ways to Improve QA Testing.” I’m going to save you some time and provide you with the highlights here: 1. Incorporate testing early in the process 2. Outsource 3. Don’t forget to do it 4. Use this tool or that tool for test case management or execution There’s a whole lot of advice on how to test your application, especially at the browser level. But bugs don’t get through because you don’t know how to test. Bugs get through because you don’t know what to test. Testing suite get bloated and broken because you don’t know what to test, and you end up building hundreds or thousands of tests in the hopes you’ll cover what you need. Tools 12 can’t fix that for you, and outsourced firms can’t fix that for you, no matter how much money you throw at them.

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PRODPERFECT KEY FIGURES PROFITABILITY Increasing of sales “[Q]uality is never an accident; it is always the result of intelligent effort”. -John Ruskin, leading art critic and Victorian era writer 14

PRODUCT ONE PRODUCT TWO Market Market 33.33%: Sum exerum ius 33.33%: Sum exerum ius 33.33%: Ferum reta ulligni 33.33%: Ferum reta ulligni 33.33%: Eles re sum cones 33.33%: Eles re sum cones TURNOVER INCREASING Odi blabore, conseceatur. Quid mod min perum aut estes rem endestiost, odigenienim dolendit volor sereperis doluptati rerem eum quas si acitas autar qui ut aut aborio. Min ressequis ea aut veroreiunt odit sequatem utatur audiaeped magnis excepel ium volupta tquodig nisin dolorum eictatures as alibusdae es ea volupidellam fugiatem quia volore laudiat. PROFIT +27% GLOBAL COST -14% ECONOMY PURCHASING Odi blabore, conseceatur. Quid modalis ermin Odi blabore, conseceatur. Quid modalis ermin perum aut estes rem endestiost, odigenienim perum aut estes rem endestiost, odigenienim dolendit volor sereperis doluptati rerem eum dolendit volor sereperis doluptati rerem eum quas si acitas autar qui ut aut aborio. Minetos quas si acitas autar qui ut aut aborio. Minetos ressequis eats autel veroreiunt odit sequatem ressequis eats autel veroreiunt odit sequatem utatur audiaeped magnis. utatur audiaeped magnis. Ficiae sint. Ostem ex et quatur endam rernatem ut faccus sus sinulparchit eatem. Nequunt fuga. Nequo comni quia anit ex evel et maio. Nam, nis dolorita neceper aeceperio. Et ligni dent genimi nvelest volest quae ut aboreptio officidemque ni quid quatur. Otatus volupicid quam quam faces di cor aut odipient essed quidendi numquiat. 15

FINANCIAL FINANCIAL REPORT Ommolo cor maio quatemq uiducid BREAKDOWN excerum, eaque volorrovit ant, simenihicia quis simporrore ellanim Annual Accounts olores dio verferes ut inctiossus. Orernam, sincturero volor ra eaqui aut volum accus, omnime voles dolenti osanda doluptionet hictur. Mus, aceatquunti temodi aute aditecat. Agnimolorum cuptatetur mi, niant imus cuptas et omnihictur. Sedipsunt volorum aliaspit voluptatis et aut atem lam voles as aruptati tes sollaborpos ra dolla nos eius sa dicius sunt harcid. OMNIS ET DOLORUM NIAM FUGIASP IENDIGN Consolidated Financial Statements 2017 2016 2015 2014 Financial Performance Sales Revenues (Million Dollar) Gross Revenues (Million Dollar) Financial Position Net Margin (Million Dollar) (Million Dollar) Gross Profit Margin Operating Profit (Million Dollar) Rate of Return Operating Profit Margin Risks Profit to Equity (Million Dollar) Profit Margin to Equity Current Assets Total Assets Current Liabilities Total Liabilities Total Equity ROA ROCE ROE Current Ratio (Times) Quick Ratio (Times) Times Interest Earned (Times) Debt to Equity Ratio (Times) 16

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PRODPERFECT 50 Milk St, 16th Fl. Email Website Boston, MA 02110 [email protected] www.prodperfect.com