AppLabs Tech adds new board members

Philadelphia, PA & Delhi, India, October 26, 2006: AppLabs Technologies, the world's largest independent software testing company, today announced the appointment of Ranjan Chak and Michael Levinthal to its Board of Directors. Ranjan Chak is a venture partner from Oak Investment Partners and Michael Levinthal is an independent venture capitalist with over 24 years of VC experience.

On the appointments, Sashi Reddi, Founder & CEO, AppLabs Technologies, said, "Ranjan and Michael not only bring an incredible technological, operational and funding expertise but also the vast experience of having worked with leading global companies and in creating start-ups. Their advice will be indispensable as we move towards fully scaling our operations."

With the additions, AppLabs' Board would now consist of five members, the existing being G.K.P. Reddi, Sandeep Singhal and Sashi Reddi. Sashi will continue to serve as the Chairman of the Board.

Commenting on his new role, Ranjan Chak said, ""There is a growing global demand for independent software testing, and AppLabs is poised to set the standards in this space. It will be exciting to work with this successful leadership team in taking AppLabs to the next level."

Michael Levinthal said, "In the testing market, AppLabs is one of the most focused companies in the world and I'm really looking forward to working with Sashi and the board to help build AppLabs into a truly global testing power house."

Ranjan Chak joined Oak Investment Partners as a Venture Partner in 2003, after a diverse 20-year career in information technology including over 15 years in senior management roles in international operations. A cum laude graduate in Applied Mathematics from Harvard College, Ranjan has managed an AI research project at Carnegie Mellon University, established new ventures in Europe and Japan for Carnegie Group Inc., and helped start up Hewlett Packard (India). As CEO of a software startup he also designed and developed one of India's first shrink-wrapped software products for the international market.

In 1994, as Vice President (Indian Operations) for Oracle Corporation, he created one of the most successful offshore development centers in India; subsequently, he took over the leadership of Oracle's Asia-Pacific Product Services organization including global support centers in Bangalore, Hyderabad and Melbourne. Ranjan now focuses on helping Oak's portfolio companies execute successful strategies for tapping the software talent in India. Currently, Ranjan sits on the board of Talisma Corporation, Aventail Info Tech, and Infotech Enterprises.

Michael Levinthal is an independent venture capitalist. He was a General Partner at Mayfield Fund for 20 years and was active as a member of the software team where he led investments in the areas of software development tools, infrastructure, vertical applications and consumer facing applications. He is currently on the board of Altiris (ATRS), Senforce, Directpointe,3point5, Infopia, Cirrus Data Management and Metricstream. Michael was previously involved in the startup of and on the board of Citrix, Pure Software (acquired by Rational), Freshwater (acquired by Mercury Interactive), Webmethods, Military Advantage (acquired by Monster.com), Concur Technologies (CNQR) and several medical device companies including Hearstream, InControl, and Focal Therapeutics. Michael is also actively involved with non-profit organisations. Currently, he is a trustee of UITA (Utah IT association) and a board member of Interplast and Forever Young Foundation.

About AppLabs Technologies:

AppLabs Technologies is a global IT services company specializing in software testing and development, with an emphasis on quality assurance, performance, certification and hardware testing. Customers include American Airlines, American Stock Exchange, Royal Bank of Scotland, VISA, HP, Novell and SAP.

AppLabs is the first software testing company to get appraised at SEI CMMI Level 5, the highest quality standard attainable in software engineering. The company is headquartered in Philadelphia, Pennsylvania and maintains state-of-the-art testing centers in US, UK and India. For more information, visit www.applabs.com.