HP ALM (Application Life Cycle Management) is a web based tool that helps organizations to manage the application lifecycle right from project planning, requirements gathering, until Testing & deployment, which otherwise is a time-consuming task.
In its earlier avatar as HP Quality Center, the test management tool was developed by Mercury interactive.
It is now developed by HP as ALM. The ALM full form is Application Life Cycle Management Tool that supports various phases of the software development life cycle.
ALM tool also provides integration to all other HP products such as UFT and Load Runner.