Seapine Software Enters The Automated Testing Market; Announces The Acquisition of QA Wizard
Mason, Ohio -- (BUSINESS WIRE) --June 14, 2002 -- Seapine Software, Inc. a leading provider of defect management solutions, and San Francisco-based QA Wizard, Inc., a technology leader in the quality assurance tool market, today announced that Seapine Software has acquired QA Wizard. Specific terms of the agreement were not disclosed. QA Wizard is now a wholly owned subsidiary of Seapine Software.QA Wizard will enable Seapine to deliver a broader range of enterprise software testing tools. The Seapine Testing Suite comprised of QA Wizard, TestTrack Pro, and Load Wizard will provide a robust, integrated set of software testing tools, including automated testing, defect management, and load testing."The QA Wizard team embodied everything that has made Seapine successful, from strong product design to a commitment to quality," said Richard Riccetti, President of Seapine Software. "The synergy between Seapine and QA Wizard's products benefits software development teams challenged with delivering high quality products in a tight economic climate.""Research shows that defects in software cost businesses an estimated $175 billion last year in lost productivity. The software industry has wrestled with reliability problems for years," said Wylie Wong in May 16, 2002, ZDNet article. Seapine and QA Wizard's products give engineers the tools they need to solve the reliability problem."We are very excited about this acquisition," said Alex Iosilevsky, CEO of QA Wizard. "It not only makes sense from a product synergy standpoint, but from a customer standpoint too. By adding QA Wizard's powerful Quality Assurance tools to Seapine's already impressive software suite, the customer will be rewarded with a total Software Development solution unparalleled in today's market. We look forward to becoming part of the Seapine team and contributing to the development of cutting-edge life cycle solutions."In addition, as a result of the acquisition, Mr. Iosilevsky has been named VP of Product Development, Testing Solutions, where he is responsible for the research and development of Seapine's products for the QA Wizard subsidiary. Dmity Savelyev has been named VP of Business Development, where he is responsible for channel development at Seapine.Pricing and AvailabilityQA Wizard is available for purchase on June 17 to customers worldwide through Seapine Authorized resellers and Seapine Software at www.seapine.com. Load Wizard will be available later this summer.
About Seapine Software
Seapine Software, Inc. is a privately held technology company whose application lifecycle management (ALM) solutions help companies manage the process of developing high-quality complex products—often in regulated industries. Our award-winning ALM solutions drive the creation of recognized brands, life-saving medical devices, even games of the year.
Founded in 1995, Seapine has headquarters in Cincinnati, Ohio, and offices in Europe, Asia-Pacific, and Africa with over 8,500 customers worldwide. For more information, visit www.seapine.com.
Director, Corporate Communications
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