AppLabs appoints a new President and Chief Operating Officer

August 21, 2007

London, UK; Hyderabad, India; Philadelphia, USA: AppLabs, the world’s largest independent quality management and testing company, today announced the appointment of Makarand Teje as its new President and Chief Operating Officer (COO). In this role, Mak will be responsible for all operations in the US and in India.

Speaking on the appointment, Mr. Reddi, Founder, Chairman & CEO, AppLabs said that, “AppLabs has seen tremendous growth since its founding 6 years ago. We believe that we are poised for our next phase of growth to join the ranks of the leading IT companies in the world. I am excited to have Makarand join us and lead our company for that next phase of growth and establish AppLabs as the undisputed leader in testing and quality management worldwide.”

“AppLabs has an excellent reputation as a world-class testing and quality management company. I am indeed very excited to join the leadership team at AppLabs as we pursue our goal of being the trusted choice of enterprises worldwide for their quality management needs”, said Makarand Teje, President & COO, AppLabs.

Makarand has over 18 years of experience in the global IT industry covering P&L Management, Operations, Relationship Management, Strategic Marketing, Program Management and Business Development. Prior to joining AppLabs, Makarand worked at Wipro for over 15 years, where he worked on multiple assignments in middle and senior management in the company's domestic as well as international businesses. During his last 10 years in the USA, he initiated and developed multiple strategic relationships for Wipro in the financial services and telecommunications industries. As part of the USA leadership team, Makarand was actively involved in advising clients to architect and manage their strategic and enterprise-wide offshore initiatives embracing Application Development / Management, Business Process Outsourcing as well as Technology Infrastructure Services. Makarand is a qualified Electrical Engineer with an MBA in Marketing from the Bombay University, India.

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