TestQuest Experiences Significant Growth in Mobile and Wireless Market; Industry Competition Drives Demand for TestQuest's Automated Testing Solutions

Business Wire, May 18, 2004

Business Editors/High-Tech Writers

MINNEAPOLIS--(BUSINESS WIRE)--May 18, 2004

TestQuest Inc., the leader in test automation solutions for the mobile and wireless industry, today announced a 35 percent CAGR in its mobile and wireless business over the last three years as the company realized significant return on its strategy to leverage its flagship technology to solve the needs of the rapidly expanding mobile and wireless market. With the double-digit growth in sales, TestQuest expects its strategic decision to emphasize this category to continue to fuel substantial growth in the company's fiscal 2005, which began March 1.

In the last year, the mobile and wireless industry has seen an explosion in consumer demand for newer, faster, better cell phones, PDAs, and other wireless devices as well as services and applications. By 2010, 80 percent of key business processes will involve the exchange of real-time information involving mobile workers. One of the biggest stumbling blocks for companies has been providing fast, accurate testing. TestQuest's automated testing solutions--TestQuest Pro and TestQuest TestVerb Technology--have been embraced by industry leaders because of their proven ROI and their ability to speed product time to market.

"Mobile and wireless companies face increased pressure to deliver highly targeted products with greater features and functionality. This has forced companies to shorten product lifecycles," said John Jackson, a senior analyst with Yankee Group. "Automated testing can mitigate the parallel challenges of quality and time to market, which will ultimately help companies deliver better products to end users. Because of its overall value to the industry, test automation should grow in importance as companies look to establish market leadership."

Mobile and Wireless Also Centerpiece of Global Growth Strategy

TestQuest views the penetration of overseas mobile and wireless markets as key to continued growth. To this end, the company recently named Alexander Levi to fill the post of Senior Vice President of Worldwide Sales. Mr. Levi will play a key role in expanding TestQuest's presence in international markets and taking the company to new levels of growth.

Mr. Levi brings 23 years of experience in enterprise software and systems focused on solutions for IT, software development and EDA markets. He has a proven track record in successfully leading worldwide field operations in start-ups and publicly traded companies, and hands-on international experience in Europe and Asia. Prior to joining TestQuest, Mr. Levi spent seven years at Segue Software, Inc., holding positions of Senior Vice President and General Manager of International Operations and Senior Vice President of Worldwide Field Operations. In these positions, he managed record company growth over a three-year period and established an international presence driving revenue contribution from three percent to 30 percent.

Prior to Segue, Mr. Levi spent six years in progressively higher management positions at Quickturn Design Systems, Inc. As Vice President of Asia-Pacific Operations, he managed revenue growth from 4M to 31M in three years and established a direct sales and support infrastructure. Before Segue, Mr. Levi held positions at Valid Logic Systems, Inc., Daisy Systems Corporation and RCA Corporation.

"These results validate our focus on the mobile and wireless industry and put us firmly on the road to market leadership," said TestQuest President and CEO Martin Hahn. "We intend to build on this success throughout 2004 and beyond. Testing will only grow in importance to the mobile and wireless industry as companies enhance products and aggressively compete for market share. Alex is central to our goal of extending our leadership and impressive results into new key markets in fiscal 2005 and beyond. It is our strongest belief that our technology and vision will make us the de facto leader in testing for the mobile and wireless category."

About TestQuest

TestQuest, Inc. delivers automated test solutions for virtually any application or device in the pervasive computing industry, from cell phones, PDAs and tablets to devices with embedded technologies, including business process systems, smart appliances and automobiles. Our unique combination of test automation technology , services and methodology puts value to the test by giving companies a maintainable automated solution that allows them to reduce test cycle time; increase coverage; improve test accuracy; and accelerate to market. We partner with each customer to design, develop and deploy solutions tailored to meet their specific challenges. A TestQuest solution is typically implemented within 90 -180 days, with the customer realizing recognizable ROI the first year. TestQuest is a private, global company and is headquartered in Minneapolis, MN. For more information visit us at www.testquest.com.