Parasoft Announces Opening of New York Office Growth in Customer Base and Demand for Parasoft Solutions Fuels Expansion

August 15, 2005 – Monrovia, CA – Parasoft Corporation, leading provider of automated error prevention solutions, announced today that it has opened an office in New York City to service the growing demand for Parasoft’s automated error prevention solutions in the Northeastern United States. The New York office expands Parasoft’s ability to offer local sales and support services to its fast growing base of customers and prospects in the region.

Corporations in the Northeastern United States have been strong adopters of Parasoft solutions particularly in the financial services industry where the security, reliability and performance of software systems are critical. Key customers in the region using Parasoft solutions include AXA Financial, Lehman Brothers, Federal Reserve Bank, AIG, Citigroup, ADP, Bloomberg, Fidelity Investments, Insurance Service Office, MetLife, and Vanguard.

“We have seen significant growth in our customer base and level of interest in our products and solutions,” said John Kim, director of the Parasoft New York office. “Our customers are expanding their commitment to ensuring the reliability and performance of the software systems they develop, and with that commitment they are expanding their use of Parasoft solutions. To support their efforts we are expanding our local resources. The New York office will allow us to deliver superior sales and support to our customers and to the growing prospect base in the region.”

The new office is located at:

Parasoft Corporation
1120 Avenue of the Americas
New York, New York 10036
Office: 212-626-6748

About Parasoft
Parasoft is the leading provider of innovative solutions that automatically identify and prevent software errors from reoccurring in the development and QA process. Developed with Automated Software Error Prevention (AEP) methodologies, its award-winning, patented solutions enable software development organizations to reduce delivery delays and improve the quality, security and predictability of enterprise applications. Parasoft has more than 10,000 clients worldwide, including Bank of America, Boeing, Cisco, Disney, HP, IBM, Lehman Brothers and SBC. Founded in 1987, Parasoft is headquartered in Monrovia, CA. For more information visit: www.parasoft.com.

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