Hi,
Zephyr is a small start-up based in Silicon Valley. We are test engineers ourselves and have built a Test Management System [1] from test engineer's perspective and of course, it's economical!
Zephyr is in controlled beta and is giving out 5 trial licenses. We are looking towards the QA community to try Zephyr. The QA testing tool installs without the need for IT support. Zephyr believes it has captured the daily flow of QA activities.
Any feedback from the software testing community will be a big encouragement for us.
Thanks,
Sean