Keynote Systems Appoints Mark Jung to Its Board of Directors

Keynote Systems Appoints Mark Jung to Its Board of Directors

SAN MATEO, Calif.--(BUSINESS WIRE)-- Keynote Systems (NAS: KEYN) , the global leader in mobile and web cloud testing & monitoring, appointed Mark Jung to its board of directors. Currently an operating partner at Khosla Ventures, Mark brings over 20 years of successful Internet and mobile CEO and entrepreneur experience to Keynote.

Mr. Jung currently serves as a member of the board of directors of DataXu, Inmar, Ness Computing, SeatMe, and WGT Media and is a former board member of a number of public technology companies, including 3PAR which was acquired by Hewlett-Packard in 2010.

Umang Gupta, chairman and chief executive officer of Keynote Systems, said: "As a successful Internet entrepreneur and executive, Mark brings a range of engineering, technology and operational leadership experience to Keynote. He has focused his career on the rapidly evolving Internet opportunity and we are very pleased to have him join the Keynote team."

Mr. Jung added, "Keynote has built a sound foundation for the future. Recent customer wins in the Internet business, as well as the mobile enterprise and telecom businesses, are evidence of Keynote's solid progress. I am excited to be part of the team as we take advantage of the growing opportunities in the cloud and mobile markets."

Prior to Khosla Ventures, Mr. Jung served as chief operating officer of Fox Interactive Media where he was responsible for its Internet business, including MySpace, IGN Entertainment, AmericanIdol.com and FoxSports.com. In that capacity, he oversaw all product planning, engineering, business development, sales, and merger integration efforts. Mr. Jung took the post at Fox Interactive Media after its parent company, Newscorp, purchased IGN Entertainment, a company he founded and took public at the height of the Internet boom in the 1990s. Earlier in his career, Mr. Jung worked as a management consultant at McKinsey & Company.

Mr. Jung holds an MBA from Stanford Business School and a bachelor of science in engineering from Princeton University.

In addition to Mark Jung, Keynote's board of directors consists of Umang Gupta, Keynote chairman and CEO; Charles Boesenberg, former chairman and CEO, NetIQ; Mohan Gyani, former president and CEO of AT&T Wireless Mobility; Jennifer Johnson, EVP and COO of Franklin Resources, Inc., Raymond L. Ocampo Jr., president and CEO of Samurai Surfer LLC and Anthony Sun, former Managing General Partner and CEO of Venrock Associates. As previously announced in February 2012, Deborah Rieman has resigned from the Keynote board concurrent with Mr. Jung's appointment.

Forward-Looking Statements

This press release contains forward-looking statements that are not purely historical regarding the Company or management's intentions, hopes, beliefs, expectations and strategies for the future. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results could differ materially from the Company's current expectations.

Forward-looking statements in this release include, but are not limited to, market growth and Keynote's future prospects. It is important to note that actual outcomes and Keynote's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as risks related to the integration of acquisitions, including retaining customers and employees, the uncertain impact global economic conditions, particularly in Europe, will have on Keynote's business or the businesses of current or potential customers, Keynote's ability to successfully market and sell its services to new or existing customers, Keynote's ability to develop and introduce new services in a timely manner and customer acceptance of new services, the extent to which demand for Keynote's various services fluctuates, the extent to which existing customers renew their subscriptions and purchase additional services, particularly enterprise customers, Keynote's ability to attract and retain new customers, Keynote's ability to operate its international operations and manage related costs successfully, Keynote's ability to retain key employees, pricing pressure with respect to Keynote's services, unforeseen expenses, competition in Keynote's markets, costs associated with any future acquisitions, unforeseen expenses or liabilities associated with Keynote's recent acquisition, the effect of acquisitions by competitors in Keynote's target markets, Keynote's ability to keep pace with changes in the mobile and Internet infrastructure as well as other technological changes, the impact of changes in foreign exchange rates, which can be significant, and the success of Keynote's international operations. Readers should also refer to the risks outlined in Keynote's reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for its fiscal year ended September 30, 2011, and its quarterly reports on Form 10-Q and any current reports on Form 8-K filed during the fiscal year.

All forward-looking statements and reasons why results might differ included in this release are made as of the date of this press release, based on information available to Keynote as of the date of this press release, and Keynote assumes no obligation to update any such forward-looking statements or reasons why results might differ.

About Keynote Systems

Keynote® Systems, Inc., (NAS: KEYN) is the global leader in mobile and web cloud testing & monitoring. Keynote maintains the world's largest on-demand performance monitoring and testing infrastructure for Web and mobile sites comprised of over 7,000 measurement computers and mobile devices in over 275 locations around the world that enable companies to continuously improve the online and mobile experience. Known as 'The Mobile and Internet Performance Authority™,' Keynote offers three market-leading product platforms:

Keynote Perspective ® provides on-demand performance monitoring for enterprise web and mobile sites including online portals, e-commerce sites and B2B sites. Over 2,000 customers rely on Keynote Perspective services to know precisely how their websites, content, and applications perform on actual browsers, networks, and mobile devices.

Keynote DeviceAnywhere ® provides the industry's only true cloud-based platform for testing and monitoring the functionality, usability, performance and availability of mobile applications and websites. It's suite of mobile testing solutions is used by over 1,000 mobile developers and enterprises to deliver quality mobile applications and services to the mobile channel.

Keynote SIGOS offers active end-to-end Quality of Service (QoS) testing and monitoring solutions for mobile, fixed and VoIP communications. Its SITE and Global Roamer products are used by over 200 network operators, content providers, carriers and regulators in over 100 countries worldwide.

Keynote's 4,000 customers represent top Internet and mobile companies and include American Express, AT&T, Disney, eBay, E*TRADE, Expedia, Google, Microsoft, SonyEricsson, T-Mobile and Vodafone. Keynote Systems is headquartered in San Mateo, California and can be reached at http://www.keynote.com/ or by phone in the U.S. at 1-800-KEYNOTE.

Follow Keynote on Twitter at: www.twitter.com/KeynoteSystems and www.twitter.com/Keynote_Mobile

Keynote®, DataPulse®, CustomerScope®, Keynote CE Rankings®, Keynote Customer Experience Rankings®, Perspective®, Keynote Red Alert®, Keynote Traffic Perspective®, Keynote WebEffective®, The Internet Performance Authority®, MyKeynote® , SIGOS®, SITE®, DeviceAnywhere®, The Mobile & Internet Performance Authority™ and Keynote FlexUse™ are trademarks or registered trademarks of Keynote Systems, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners. © 2012 Keynote Systems, Inc.

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