AppLabs Named as one of the 500 Fastest-Growing Technology Companies in Deloitte's Fast 500 Program for North America

Philadelphia, Lindon, USA; London, UK; Hyderabad, India; November 28, 2008: AppLabs, the world's largest software testing and quality management company, today announced that it has been named to Deloitte's prestigious Fast 500 Program for North America, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in the area by Deloitte LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2003-2007.

Reflecting on the listing AppLabs’ President and CEO, Makarand Teje said “We are delighted to be amongst the top 500 fastest growing companies in North America. As a player in a very niche segment, being in this elite group is a significant achievement for us and this recognition is a testimony to us being on the right track for growing our business here.”

"Deloitte’s Technology Fast 500 recognizes companies who have achieved extraordinary growth in North America’s most innovative and competitive market sectors,” said Phil Asmundson, Deloitte LLP vice chairman and national managing partner for Technology, Media and Telecommunications. "We congratulate AppLabs on this significant accomplishment."

In addition to ranking on Deloitte’s Technology Fast 500, AppLabs was recently named in both, Deloitte's Technology Fast 50, 2008, which is a ranking of the 50 fastest growing technology firms in Greater Philadelphia, and in Deloitte’s Fast 500 Asia Pacific 2008 list as well.