Mindreef Achieves Record Growth and Doubles Sales in 2006.

CEO Lars Borgwing Notes Record Sales Growth and Increase in Fortune 100 Customer Base as the Company Solidifies its Leadership of SOA Quality Management Market

HOLLIS, N.H. -- Mindreef[R] CEO Lars Borgwing expects that Mindreef's momentum in 2006 will carry over and accelerate in 2007. "We're coming off a year in which our sales doubled, our product downloads exceeded 43,000 and we surpassed 3,000 customers. This year we expect Mindreef to emerge as the gold standard for web service testing and SOA quality management."

According to Mr. Borgwing:

"Mindreef recently increased the number of Fortune 100 customers to more than 40 and added significant new customers such as Valero Energy and DTN (see http://www.mindreef.com/company/customers.php).

"The growing need for Web services testing and SOA quality management solutions fueled a surge in orders for our SOAPscope[R] products - marking record growth for the company. We are experiencing over 99 percent renewal rate on our SOAPscope Server[TM] with an overwhelming majority of our customers increasing their number of licenses. Downloads of SOAPscope products has exceeded 43,000 and we expect continued record growth in the coming year.

"We're seeing our customers becoming more sophisticated in the way they organize their application development, integration and maintenance activities and instituting centralized integration competency centers, or SOA Centers of Excellence. This development underscores the growing market opportunity for Mindreef.

"The opportunity is also driven by the a significant shift in application architecture due to the combined effects of SOA and the widespread adoption of Web standards, such as XML, Web Services Description Language (WSDL) and SOAP. A recent Gartner estimate states that by 2008, more than 60% of enterprises globally will use SOA as a guiding principle when creating mission-critical platforms.

"Our strong customer-base of Global 2000 companies are helping us with a clear vision of the market and what solutions are needed for them to be successful with their SOA implementations. In 2007, our customers can expect to see new product enhancements and offerings to help them ensure high quality and well governed SOA implementations that promote trust and reuse for new services, while staying in lockstep with changes and growth in the market.

"Industry watchers also recognize the huge potential in this market. Looking ahead to 2007, IT advisory and analysis firm ZapThink sees the SOA Quality and Testing market as the 'next must-have space' and that 'demand for SOA quality and testing solutions will skyrocket in 2007,' (see ZapThink's 'The SOA Forecast for 2007' http://www.zapthink.com/report.html?id=ZAPFLASH-200713). A survey by research firm Hurwitz & Associates also confirmed that organizations with a quality plan are more likely to be satisfied with their SOA deployment than those without a plan, and that 'creating a viable SOA initiative is contingent on the ability to ensure software quality and gain trust of all constituents. Without an articulated quality strategy rigorously enforced SOA will not scale and will not deliver on its promises.' A copy of the report is available at no cost at: http://www.mindreef.com/report.

"Overall, the new face of Mindreef reflects the energy of a company that continues to grow at a steady rate with an eye toward the future. We believe the success we experienced in 2006 is just the beginning for Mindreef as we look forward to more growth and success in 2007."

For more information, visit http://www.mindreef.com.