Fanfare Closes Record Quarter with Six New Customers and $12 Million in Funding

First quarter of 2007 validates growing need for device test automation solutions from investment community and customers

Mountain View, CA-May 15, 2007-Fanfare, a provider of software solutions to high-tech equipment vendors that simplify and accelerate device testing, today announced that it has secured $12 million in funding, added a new lead investor - Focus Ventures, a top-performing venture capital firm that invests in expansion-stage leaders in the software, semiconductor and communications industries - and signed contracts with six new customers in the first quarter of 2007. This news, coupled with more than 20 new deals Fanfare closed last quarter with existing customers, represents the company's strongest quarter to date and demonstrates the company's growing momentum as the demand for test automation tools in the networking market continues to rise.

Aztek Networks, SilverPeak, and Edgewater Networks, as well as three of the world's leading networking equipment vendors, have each deployed Fanfare's flagship product, the FanfareSVT™ test automation solution. FanfareSVT enables these companies to increase their product quality, maintain their time-to-market objectives, and improve the productivity of the testing team by simplifying and accelerating test automation. Testing activities that took weeks or months can now be conducted in hours or minutes, at the push of a button.

"Our customers expect the highest quality devices," said Jeff Wright, Director of System Test, Aztek Networks, the leading provider of Emergency Stand Alone (ESA) switching systems for the independent telephone operator market. "With Fanfare, we will continue to lead the market by expanding test coverage and building an automated approach to testing that will speed our products to market and exceed the expectations of our customers."

FanfareSVT is the first commercially developed test automation software enabling testers and developers to define and execute tests that verify the functionality, performance, and behavior of a device. This frees up time for creativity and efficiency in product testing and helps companies deliver products of exceptional quality.

"We're excited to have closed out the first quarter with strong endorsements from the investment community and key customers," said Tom Ryan, Fanfare CEO. "In a global, competitive industry, test is becoming a key competitive differentiator for companies delivering innovative, high-quality products in tight market windows. Automating the testing process not only helps customers increase a product's speed to market, but also frees up time to innovate on next generation features."

"Fanfare is addressing an issue that's increasingly receiving executive-level attention from high-tech equipment manufacturers," said Kevin McQuillan, general partner of Focus Ventures. "We believe that companies of all sizes can benefit from Fanfare's technology - whether they're trying to maintain a competitive edge or just getting started on the path to automation."

About Fanfare

The Fanfare Group, Inc. provides software solutions to high-tech equipment vendors that simplify and accelerate device testing in industries such as Communications, Aerospace and Defense, Consumer Electronics, Automotive, Industrial, and Medical Devices. Fanfare's technology enables QA teams and developers to build and run automated tests, measure pass-fail criteria and automatically generate documentation that can be easily shared. With Fanfare solutions, companies can move along the path toward automation, while accelerating QA cycles, reducing time to market, and increasing the quality of released products. For more information about Fanfare and its products, please visit www.fanfaregroup.com.

Media Contact:

Marisa Marzano
Big Sky Communications
705-484-5105
marisa@bigskypr.com

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