Market Overview

Mobile Labs Achieves Dramatic First Half 2018 Performance Results

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Mobile app testing solution provider posts accelerated performance in
new and recurring revenue

Mobile
Labs
, a leading provider of device clouds that speed mobile
development and mobile testing, has announced exceptional growth in both
revenue and customer acquisition through the first two quarters of 2018.

During the first half of the year Mobile Labs exceeded its new business
revenue target by nearly 64% and beat its renewal revenue target for
this same time period. The combined numbers place Mobile Labs on a path
to significantly exceed its year-over-year growth plan. Currently
numbers show a 20% higher than original plan performance, which in
itself was a significant growth goal over FY 2017.

In addition to revenue growth, Mobile Labs has earned its share of
industry awards thus far for 2018. Silicon Review named Mobile
Labs one of its top
10 fastest growing mobility companies
for 2018 and SD Times
placed the company on its 2018 Top
100 'Best in Show' in Software Development for Testing Tools
list.

"The sustained, rising rate of new installations of our mobile device
cloud is fueled by enterprises that need to increase speed of delivery,"
says Mobile Labs President and CEO Dan McFall. "These customers are
accelerating web content, gaming, and app delivery by using
our "instant-on" Appium test automation server and custom tools and
by offering secure, instantaneous cloud support to their developers,
testers, and other engineers all over the world. The ongoing rate at
which existing customers are both renewing and growing their use
confirms our role as partners with them in their success."

About Mobile Labs

Since the first install in 2012, Mobile Labs remains the leading
supplier of in-house mobile device clouds that connect remote,
shared smartphones and tablets to Global 2000 mobile web, gaming, and
app engineering teams. The company's patented deviceConnect™ is offered
on-premises or hosted, and solves mobile device sharing and management
challenges that arise during development, debugging, manual testing, and
automated testing. A pre-installed and pre-configured Appium server with
custom tools provides "instant on" Appium test automation. deviceConnect
enables scheduling, collaboration, user management, security, mobile
DevOps, and continuous automated testing for mobility teams spread
across the globe and can connect cloud devices to an industry-leading
number of third-party tools such as XCode, Android Studio, and many
commercial test automation tools. For more information please visit www.mobilelabsinc.com.

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