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uTest Announces $2.3 Million in First-Round Funding

uTest, Inc., a global marketplace for software application testing providing companies with QA Testing and Usability Testing services by a community of professional testers, today announced it has secured $2.3 million in first-round funding from Mesco Ltd. and MTDC (Massachusetts Technology Development Corporation). Funding will be used to drive consumer software vendors adoption, as well as market expansion initiatives for the uTest service. The uTest service is currently in beta with the pilot system scheduled to launch in February 2008.

"The market opportunity for software QA and Usability testing is huge and continues to grow," said Joel R Mesznik, founder and president, Mesco Ltd. "uTest enables software companies to release higher quality software releases to market while reducing product release cycle time and overall product time to market. With this service, uTest is poised for both market and technology leadership in the software QA and usability testing space."

uTest is revolutionizing traditional software testing by introducing the first global marketplace for software application testing coupled with a Pay Per Bug business model. Companies in need of software QA testing will be able to access testers on-demand through the uTest Global Community for the purpose of quality assuring and testing software release prior to market launch. uTest initial focus is on the WEB and desktop software application providers.

"The uTest testing platform provides a hosted infrastructure to manage complete software QA cycles and projects. uTest customers gain access to a large diverse and global community of software testing individuals over our secure proprietary testing platform said Doron Reuveni, uTest CEO and founder. "We're pleased to have the support of Mesco Ltd and MTDC as we strive to offer software companies a better and cost effective way to QA test and usability test their product releases prior to market launch."

About uTestTM Inc.

Founded in 2007, uTest Inc is a privately-held company based in Ashland, MA. uTest developed a global marketplace for software application testing providing software companies with QA Testing and Usability Testing services by a community of professional testers. Subscribe to the uTest official blog for updates

About Mesco Ltd.

Mesco Ltd. is a private advisory and investment firm that has partnered with entrepreneurs to build great businesses for more than 25 years. Mesco focuses on investments in information technology including: consumer Internet and media, software, services and Healthcare. Mesco Ltd technology investments and transactions in the U.S. and in Europe have included Greenfield Online (NASDAQ - U.S.), Inceptor Inc (now part of Verizon), and USAData. For more information, please visit www.mesco-ltd.com.

About MTDC (Massachusetts Technology Development Corporation).

MTDC, the Massachusetts Technology Development Corporation is a leading edge venture capital firm that invests in start-up and early-stage technology companies operating in the Commonwealth of Massachusetts. MTDC has invested in many of Massachusetts' most promising new technology-based companies. For more information, please visit www.mtdc.com.

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