Atesto Technologies Secures Second Round of Funding

Apr 03, 2001, 01:00 ET from Atesto Technologies Inc.

    FREMONT, Calif., April 3 /PRNewswire/ -- Atesto Technologies, the leading
 automated web testing company, announced today the closing of a $15 million
 Series B round of financing.  The Sprout Group led the investment and was
 joined by previous investors including Labrador Ventures, Draper Richards and
 Staenberg Capital.
     "Sprout Group is excited about the solutions Atesto will offer to
 E-businesses," said Rakesh Sood, general partner at Sprout Group, who will be
 joining Atesto's Board of Directors.  "They are poised to make the
 end-customer experience more satisfying by allowing companies to deploy and
 monitor web applications without having to manage costly software, hardware,
 and infrastructure systems."
     Atesto's online web testing services incorporate real-world effects, of
 application performance on the live Internet, into the test cycle. It
 eliminates the need for high hardware and software infrastructure investments
 required for setting up a traditional test operation. Atesto's offerings
 include the Functional Test, Load Test, and Response Watch services that
 address each step of the web application life cycle.
     Atesto recently released the third service in their performance suite,
 Atesto Functional Test, which tests and validates complex, static and dynamic
 web applications.  Atesto also offers load testing and monitoring services to
 address performance and application maintenance needs.  Atesto's Automated
 Load Test services offer a user-friendly, customer driven process that
 simulates real-life application scenarios using live Internet traffic from a
 globally distributed network.  Atesto's Response Watch service features
 periodic transaction and web application monitoring capability from global
 locations 24/7. Both services include detailed, real-time, online reports on
 application performance and analysis.
     "With our second round of funding, Atesto is positioned for new
 partnerships and growth opportunities," said Dave Mukherjee, founder and CEO
 of Atesto.  "Atesto is creating a new standard for performance assurance that
 all users, from developers to consumers, can measure excellence against."
 
     About Atesto
     Atesto is creating a new global standard for web testing. Atesto's suite
 of fully automated, online test services enables e-businesses to reduce costs,
 achieve faster time-to-market, and ensure quality in end-user experience.
 With its web-based set of solutions, Atesto meets the testing and monitoring
 needs in the entire application lifecycle. Atesto works with leading companies
 in the area of web infrastructure services, system integrators, consulting
 firms, solution partners and technology providers to create a consolidated
 base of services for web-enabled businesses. For more information visit
 http://www.atesto.com or call 1-866-300-TEST.
 
     About Sprout Group
     Sprout Group (http://www.sproutgroup.com) has been an institution in
 venture capital for more than thirty years and is one of the largest firms
 focused on emerging technologies.  The firm actively invests in
 communications, healthcare technology, Internet infrastructure and software.
 Sprout Group has helped to establish such household names as Advanced Micro
 Devices (AMD), Staples, VeriFone, StrataCom, Corporate Express, mySimon and
 SDL, acquired by JDS Uniphase.
 
 

SOURCE Atesto Technologies Inc.
    FREMONT, Calif., April 3 /PRNewswire/ -- Atesto Technologies, the leading
 automated web testing company, announced today the closing of a $15 million
 Series B round of financing.  The Sprout Group led the investment and was
 joined by previous investors including Labrador Ventures, Draper Richards and
 Staenberg Capital.
     "Sprout Group is excited about the solutions Atesto will offer to
 E-businesses," said Rakesh Sood, general partner at Sprout Group, who will be
 joining Atesto's Board of Directors.  "They are poised to make the
 end-customer experience more satisfying by allowing companies to deploy and
 monitor web applications without having to manage costly software, hardware,
 and infrastructure systems."
     Atesto's online web testing services incorporate real-world effects, of
 application performance on the live Internet, into the test cycle. It
 eliminates the need for high hardware and software infrastructure investments
 required for setting up a traditional test operation. Atesto's offerings
 include the Functional Test, Load Test, and Response Watch services that
 address each step of the web application life cycle.
     Atesto recently released the third service in their performance suite,
 Atesto Functional Test, which tests and validates complex, static and dynamic
 web applications.  Atesto also offers load testing and monitoring services to
 address performance and application maintenance needs.  Atesto's Automated
 Load Test services offer a user-friendly, customer driven process that
 simulates real-life application scenarios using live Internet traffic from a
 globally distributed network.  Atesto's Response Watch service features
 periodic transaction and web application monitoring capability from global
 locations 24/7. Both services include detailed, real-time, online reports on
 application performance and analysis.
     "With our second round of funding, Atesto is positioned for new
 partnerships and growth opportunities," said Dave Mukherjee, founder and CEO
 of Atesto.  "Atesto is creating a new standard for performance assurance that
 all users, from developers to consumers, can measure excellence against."
 
     About Atesto
     Atesto is creating a new global standard for web testing. Atesto's suite
 of fully automated, online test services enables e-businesses to reduce costs,
 achieve faster time-to-market, and ensure quality in end-user experience.
 With its web-based set of solutions, Atesto meets the testing and monitoring
 needs in the entire application lifecycle. Atesto works with leading companies
 in the area of web infrastructure services, system integrators, consulting
 firms, solution partners and technology providers to create a consolidated
 base of services for web-enabled businesses. For more information visit
 http://www.atesto.com or call 1-866-300-TEST.
 
     About Sprout Group
     Sprout Group (http://www.sproutgroup.com) has been an institution in
 venture capital for more than thirty years and is one of the largest firms
 focused on emerging technologies.  The firm actively invests in
 communications, healthcare technology, Internet infrastructure and software.
 Sprout Group has helped to establish such household names as Advanced Micro
 Devices (AMD), Staples, VeriFone, StrataCom, Corporate Express, mySimon and
 SDL, acquired by JDS Uniphase.
 
 SOURCE  Atesto Technologies Inc.