CODEFAST ANNOUNCES PERFECTBUILD —
NEXT-GENERATION BUILD AUTOMATION SYSTEM

PerfectBuild™ Delivers Maximum Build Speed and Eliminates Build Failures while Dramatically Simplifying Administration of the Entire Build Operation

San Jose, CA – May 17, 2005 – Codefast™ Inc., the leader in automated software production, today announced PerfectBuild; the industry's first build automation system that simplifies administration of build processes, systematically eliminates build failures, and delivers maximum execution speed for all builds. Codefast will be showcasing PerfectBuild in booth 411 at the IBM Rational Software Development Conference in Las Vegas from May 22nd through May 25th. The product will be generally available to the public in July 2005.

Activities within the software development organization follow a cyclical path known as the Development Cycle consisting of two components: an Innovation component where value-adding activities like design and coding occur, and a process-driven Production component where software is built, integrated and tested. These components feed on each other; results from activities that happen during Production become input for Innovation activities. During a typical development effort, the software team may repeat this cycle hundreds of times until quality and functional goals are reached and the software can be released. According to Codefast President and CEO Nick Berens, Production activities offer the most room for improvement with automation technology.

"Object-Oriented programming languages, development frameworks, modeling technologies and visual development environments are examples of breakthrough solutions for Innovation-related activities," says Berens. "These tools have enabled developers — highly skilled sources of innovation for the business — to be much more productive. But when you look at Production-related activities, very little attention has been paid to this area. Basically everything is running on top of thirty year old concepts. It's slow, unreliable and expensive to administer. This has a big impact on the pace at which a business can innovate because developers feed off the results of these activities. With PerfectBuild, Codefast has delivered a truly breakthrough approach to software build automation — one of the biggest pain points in the production area."

PerfectBuild

PerfectBuild enables companies to focus on creating better software by simplifying and automating software builds. PerfectBuild provides benefits in the following ways:

Simplifies administration of the build environment — Complexity arises from the many types of builds needed to support all the activities in a typical development organization. PerfectBuild's new approach to build administration combines a centralized object-based administration system with automatic generation of error-free build scripts in Make, Ant or Perl to dramatically reduce the time it takes to set up and administer builds. Changes that used to take days or weeks can be done in minutes.

Speed improvement on build cycles, automatically — PerfectBuild completely handles the execution of software builds enabling optimal parallel execution of build tasks by automatically determining correct build order. The net result is 5x-25x increase in build execution speed — even with a single CPU.

Elimination of build failures — PerfectBuild addresses the two components of build failure: unrecognized dependencies and bad file input at check in. With PerfectBuild, customers can achieve 6-Sigma (99.9997% reliability) quality process execution for all build processes.

Enterprise-Class solution — PerfectBuild comes with advanced enterprise-class capabilities like support for multiple platforms and development sites, audit-quality reporting on all processes, and the ability to standardize and enforce best practices throughout the organization.

"PerfectBuild not only speeds up the time it takes to run a build cycle, but it also significantly reduces the overall cycle cost by making it much easier to administer the build environment," added Berens. "This enables companies to spend more on development resources adding real value to their software."

What began as a modest research project funded by the Government of Canada is now a patented object-based automation platform in its 7th generation. Codefast has already had tremendous success with piloted versions of their technology with global companies including WorldCom and ABB. PerfectBuild will be available in July 2005.

About Codefast

Codefast products let companies focus on creating better software by simplifying and automating software production operations like software build, integration, test execution and packaging. Based on the company’s patented, component-aware automation platform, Codefast products reduce administration costs, while providing highly reliable 6-Sigma level process execution at maximum speed. Founded in 2004, Codefast is headquartered in San Jose, California and is backed by Foundation Capital (www.foundationcapital.com) and Trinity Ventures (www.trinityventures.com). For more information, visit www.codefast.com.

Codefast, PerfectBuild, and all related properties and logos trademarked by Codefast