Keynote Acquires NetMechanic

Award Winning Supplier of Testing Services for Web Professionals

NetMechanic Adds 19,000 Subscribers to Keynote’s Red Alert Division

SAN MATEO, Calif.–(BUSINESS WIRE)–May 14, 2002- Keynote Systems (Nasdaq:KEYN), The Internet Performance Authority®, today announced the acquisition of NetMechanic®, a privately held company based in Huntsville, Alabama. NetMechanic is an award-winning supplier of testing services used by Webmasters to test, improve and monitor Web sites. NetMechanic will join Keynote’s Red Alert division based in Plano, Texas. Red Alert is a leading provider of accessibility monitoring and real time alert services for Internet-connected devices, URLs and transactions. With this acquisition Keynote now provides a complete suite of cost-effective content testing and availability monitoring services for the small to medium size business market.

NetMechanic currently has approximately 19,000 individual subscribers to its services worldwide.

Terms of the acquisition were not disclosed.

“The NetMechanic name is a brand well known to thousands of professional Webmasters. As the leading provider of Internet performance management services Keynote enhances the NetMechanic brand, while we acquire 19,000 new subscribers and a very fine quality testing and assurance service,” said Umang Gupta, chairman and CEO of Keynote. “Our acquisition of NetMechanic shows that even as we move into the enterprise with our cutting-edge and technically sophisticated benchmarking, testing and application performance management (APM) solutions, we are not ignoring the needs of small to medium size business sites.”

The April 23, 2002 issue of PC Magazine selected NetMechanic’s HTML Toolbox(TM) service as one of the top “70 utility programs, application packages, and online services that can help you build a site that will draw new visitors and keep them coming back.” The story said “NetMechanic’s HTML Toolbox service verifies links, checks your code for HTML compliance and cross-browser compatibility, and displays clear reports that spell out the steps required to fix most coding problems.”

“Lots of tools will point out the errors in HTML code, but only NetMechanic’s HTML Toolbox will actually fix them for you,” said Greg Crowther, Webmaster for CoHorealty.com. “I have found HTML Toolbox to be a fast, easy and risk-free way to ensure that my pages will look good in any browser.”

NetMechanic is a leading provider of remote Web site quality assurance and testing services for small to medium size Web-enabled businesses. NetMechanic’s services are designed to help business Webmasters detect and correct Web site problems which otherwise might affect overall customer experience. NetMechanic’s services provide “tune-ups” that spot problems in Web sites, assist with browser incompatibility issues, monitor sites to avoid downtime, help with search engine promotion, and accelerate Web site load times. NetMechanic’s Web site currently receives 1.9 million page views per month from 500,000 visitors.

About Keynote

Keynote Systems (Nasdaq:KEYN), The Internet Performance Authority®, is the worldwide leader in Internet performance management services that improve the quality of e-business. Keynote’s services enable corporate enterprises to benchmark, diagnose, test and manage their e-business applications both inside and outside the firewall. More than 2,400 corporate IT departments, and now 19,000 individual subscribers, rely on the company’s easy-to-use and cost-effective services to optimize revenues and reduce downtime costs without requiring additional complex and costly software implementations.

Keynote Systems, Inc. was founded in 1995 and is headquartered in San Mateo, California. The company can be reached at http://www.keynote.com or by phone in the U.S. at 650/403-2400.

Note to press: Call Keynote’s media and analyst-relations hotline at 650/403-3254 to request further information or an interview. To be added to Keynote’s press-release distribution list, send an email to press@keynote.com and specify your press affiliation.
Note to Editors: The Internet Performance Authority and NetMechanic are registered trademarks of Keynote in the United States and/or other countries.