Sun’s Unparalled AsiaPac Experience and Deep Contact Network Will Aid
Keynote’s Growth Strategy in Asia and Particularly China
SAN MATEO, Calif.--(BUSINESS WIRE)--Mar. 21, 2012--
Keynote®
Systems (NASDAQ:KEYN), the
global leader in Internet and mobile cloud testing & monitoring,
elected Anthony (“Tony”) Sun, 60, to its board of directors at its 2012
Annual Meeting of Stockholders held last week. Tony Sun was a General
Partner of Venrock
Associates (Rockefeller Family Venture Funds) for over 30 years and
Managing General Partner and CEO for the last eight years, retiring in
2010. He is the first Asian American to lead one of the nation’s leading
venture capital firms and is considered by many in Silicon Valley to be the
pioneering Asian American leader in technology at a time when few Asian
Americans held such high level positions. In his career, Tony invested
in and advised over 60 high tech start up companies with more than two
dozen successful IPOs or M&A realizations. In addition, in 2000, he
founded GGV
Capital, a successful $1 billion China-focused venture fund.
Tony currently serves on the boards of CM Capital, Knightsbridge
Advisers , Cognex Corporation (NASDAQ: CGNX), and various other
privately held companies.
Tony is also the Chair of the Asian Art Museum of San Francisco and
currently serves on the boards of the MIT Center for International
Studies, the Harvard China Fund, the Singapore University of Technology
and Design (a new University founded in collaboration between Singapore
and MIT), and the Committee of 100 (a bi-partisan organization of
prominent Chinese Americans to address US-China relations). He is a
member of the Stanford Associates, providing the lead gift for the Sun
Field Station at the Jasper Ridge Biological Preserve at Stanford
University. He is the founding board member of the Harvard Business
School Research Center in California, was a venture capital advisor to
the U.S. Navy, a member of the International Resource Panel for the
Government of Singapore and was on the board of MIT from 1998 – 2008.
Umang Gupta, Keynote System’s chairman and chief executive officer,
said: “We are thrilled and honored to have Tony, a true Silicon Valley
pioneer, join the Keynote board at such a pivotal point in our own
company’s history. Tony participated in, and help shaped, the evolution
of information technology from the early days of the semiconductor
manufacturing, PC hardware and software industry, through the
innovations in telecommunications, to the paradigm shift of the
Internet. His unparalleled experience advising companies on growth
strategies and extensive network of personal and professional contacts
built up over many years across Asia, and particularly in China, will
help Keynote tremendously as we begin to execute more aggressively in
those markets.”
Sun added, “With the explosion in cloud and mobile computing, Keynote
has significant growth opportunities. Throughout its history, Keynote
has led testing and monitoring innovation with new and ground breaking
products. With the recent acquisition of DeviceAnywhere
the company has extended its market reach into the mobile application
lifecycle management market. I am excited to work with the team as we
drive to the next level.”
Tony holds a BS and MS in electrical engineering from MIT and an MBA
from the Harvard Business School.
In addition to Sun, Keynote’s board of directors include 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 Dr. Deborah
Rieman, former president and CEO of Check Point Software Technologies.
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, forecasts concerning Keynote’s future growth, expected revenue, GAAP
and Non-GAAP earnings per share and other results, and the related
underlying assumptions in calculating those amounts including foreign
exchange rates, the impact of the recent acquisition and other future
financial results. 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 the acquisition, 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 current and recently acquired 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 risk that
Keynote’s recent revenue growth may not be sustained, 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 statement or reasons why results might differ.
About Keynote Systems
Keynote®
Systems, Inc., (NASDAQ:KEYN) is the global leader in Internet
and mobile cloud testing and monitoring. Keynote maintains the
world’s largest on-demand performance monitoring and testing
infrastructure for Web and mobile sites comprised of over 4,000
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™ is an enterprise-class, cloud-based, mobile
application lifecycle management (ALM) testing & quality assurance
platform. It is used by over 1,000 mobile developers and enterprises to
deliver mobile applications, content and services faster while reducing
downtime and testing costs.
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.
The trademarks or registered trademarks of Keynote Systems, Inc. in the
United States and other countries include Keynote®, Data Pulse®,
CustomerScope®, Customer Experience Rankings®,
Perspective®, Keynote Red Alert®, WebEffective®,
The Internet Performance Authority®, MyKeynote®,
SIGOS®, SITE®, The Mobile & Internet Performance
Authority®, FlexUse®, DeviceAnywhere® DemoAnywhere®,
DeviceAnywhere Proof Center®, DeviceAnywhere Test Center®,
MonitorAnywhere®, and all other related trademarks, trade names, logos,
characters, design and trade dress and may not be used without written
permission. All other trademarks are the property of their respective
owners. © 2012 Keynote Systems, Inc.
Source: Keynote Systems, Inc.
Investor Relations
LHA
Kirsten
Chapman, 415-433-3777
KEYNLHA@lhai.com
or
Media
Keynote
Systems, Inc.
Dan Berkowitz, 650-403-3305
dberkowitz@keynote.com