uTest Names Travis Connors to Board of Directors

Partner at Egan-Managed Capital Brings Wealth of Experience With High-Growth Web Ventures


BOSTON, MA--(Marketwire - April 7, 2009) - uTest, the world's largest marketplace for software testing services, is pleased to announce that it has appointed Travis Connors to its board of directors. Connors is a Partner at the Boston-based venture capital firm Egan-Managed Capital, which was a lead investor in uTest's recent $5 million round of funding.

"Travis has an outstanding track record for helping to guide some of the most successful web start-ups in our industry," said Doron Reuveni, CEO and co-founder of uTest. "It's another affirmation of the uTest model to have someone with Travis' vision and expertise on our side. uTest is looking forward to expanding our rapid growth in the software testing industry, and Travis will play a major role in that."

Connors, who joined Egan-Managed Capital in 2000, has more than 12 years of investing and financing experience with technology companies at various stages of growth.

"I was drawn to the concept of crowdsourced software testing from the moment I heard the idea," said Connors. "And the better I understood uTest's vision, the more I realized how well-positioned they are for success. When you consider the size of the software testing market, as well as the number of customers uTest has already acquired since their recent launch, it's clear that they're on the right path."

As a partner at Egan-Managed Capital, Travis serves on the Board of Directors of companies such as Envista Software, Owner IQ and Pyxis Mobile. Travis previously served on the Board of Directors of AllVertical, Groove Mobile (acquired by LiveWire Mobile), CenterStone Software (acquired by Manhattan Software) and WebEvent (acquired by peoplecube), and worked closely with IntelliVid (acquired by Tyco International).

Prior to joining Egan-Managed Capital, Travis was an associate in Merrill Lynch's technology investment banking group. Previously, he headed the Silicon Valley office of Spears, Benzak, Salomon, & Farrell (SBSF), an investment management firm based in New York, where he focused on the firm's technology investment policy and was responsible for the management of the firm's public technology company investments. Travis is a graduate of Connecticut College with a BA in Economics and earned his MBA from the Columbia Graduate School of Business.

About uTest

uTest is the world's largest marketplace for software testing services. The company provides real-world testing services through its community of 15,000+ professional testers from 152 countries around the world. More than 500 companies -- from web start-ups to enterprise software firms -- have signed up for the uTest marketplace to get their web, desktop and mobile applications tested.

uTest enables companies to launch higher quality products; get their applications to market faster; and control the cost of testing. Customers can build a virtual testing team based upon location, language, OS and browser. And because uTest is on-demand, customers pay only for those bugs that they approve. More information can be found at http://www.utest.com.

Contact Information: Contact: Matt Johnston uTest, Inc. 508-480-9999 x106 Kevin Lewis SHIFT Communications 415-591-8403