Market Overview

SmartBear Acquiring Zephyr to Expand its Market Leading Test Management Portfolio and Strengthen Atlassian Marketplace Alliance

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The Addition of Zephyr for Jira, the No. 1 Grossing App on the
Atlassian Marketplace, to the SmartBear Portfolio Will Create the Most
Comprehensive Set of Test Management Solutions

SmartBear,
the leader in software quality tools for teams, will acquire Zephyr
to create the most comprehensive set of test management solutions in the
market. With this acquisition, SmartBear reinforces its commitment to
provide software development teams with the most innovative tools to
build, test, and monitor great software, faster. The popularity of Zephyr
for Jira
has catapulted it to become the No. 1 grossing app on Atlassian
Marketplace
with 18,000 teams using its tools to execute over 40
million tests. SmartBear will continue to extend and deepen the Zephyr
product line and strengthen its relationship with Atlassian
by leveraging SmartBear tools to bring more value to the users of the
Atlassian Marketplace.

"We are thrilled to have Zephyr join the SmartBear team," said Justin
Teague
, CEO of SmartBear. "The acquisition of Zephyr will establish
SmartBear as a leader in test management and broaden our portfolio of
high-impact, easy-to-use tools, which includes SoapUI,
TestComplete,
SwaggerHub,
CrossBrowserTesting,
Collaborator,
and AlertSite."

Test management is a critical component of being able to develop, test,
and deploy high quality software at the speed digital businesses demand.
However, each software development teams' test management requirements
are unique, depending on their development methodology, organizational
structure, and processes. By adding Zephyr to the portfolio, SmartBear
will offer the most comprehensive set of test management offerings in
the market. Zephyr for Jira supports Atlassian customers that want
native test management inside Jira, Hiptest
supports Agile and DevOps teams embracing Behavior Driven Development
(BDD) and Continuous Testing, and Zephyr Enterprise supports enterprises
looking for a modern replacement for HP Quality Center.

"We created Zephyr to help organizations continuously improve
efficiencies and collaboration for their software testers and
developers," said Scott
Johnson
, CEO of Zephyr. "By leveraging the industry expertise and
array of SmartBear solutions, our customers will continue to benefit
from the tools they know and love, while now being able to solve
additional software development challenges related to building, testing,
and monitoring software applications across the UI and API layer."

"The Atlassian Marketplace makes it seamless for Atlassian's more than
125,000 customers to extend the functionality of their Atlassian tools,"
said Scott
Farquhar
, CEO of Atlassian. "We are thrilled to work more closely
with SmartBear moving forward to advance the Zephyr product line and
also bring more SmartBear industry-leading software development and
testing tools into the Atlassian Marketplace."

"There is a growing need for integrated lifecycle management tools to
support a variety of software development environments," said Carl
Lehmann
, Principal Analyst at 451
Research
. "SmartBear's acquisition of Zephyr is representative of
the accelerating trend we see in modern digital enterprises to
strengthen support for diverse development and testing toolchains."

About SmartBear Software
Supporting more than six million
software professionals and over 22,000 companies in 194 countries,
SmartBear is the leader in software quality tools for teams. The
company's products help deliver the highest quality and best performing
software possible while helping teams ship code at nearly impossible
velocities. With products for API testing, UI testing, code review and
performance monitoring across mobile, web and desktop applications,
SmartBear equips every development, testing and operations team member
with the tools to ensure quality at every stage of the software cycle.
For more information, visit: http://smartbear.com,
or for the SmartBear community, go to: LinkedIn,
Twitter
or Facebook.

All trademarks recognized.

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