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 Availability
QA Wizard is available for purchase on June 17 to customers worldwide
through Seapine Authorized resellers and Seapine Software at
www.seapine.com (http://www.seapine.com/) . Load Wizard will be available
later this summer.
About Seapine Software
Seapine Software, Inc., located in Mason, Ohio, develops industry-leading
solutions for software development. Seapine's scalable product line
automates the software development life cycle. Backed by impeccable
customer support, over 125,000 users in more than 52 countries use
Seapine's products. For more information on Seapine Software and its
products, visit www.seapine.com.
