Keynote Systems Appoints Curtis Smith as Chief Financial Officer

Keynote Systems (Nasdaq:KEYN), the global leader in on-demand mobile and Internet test & measurement solutions for continuously improving the online experience, named Curtis Smith, 45, Chief Financial Officer, reporting to Umang Gupta, Chairman and CEO, effective July 1^st, 2010. Smith is replacing Andrew Hamer, who resigned effective as of June 1^st, 2010. Also, the company promoted David Peterson, 49, to Chief Accounting Officer, effective June 1^st, 2010.

Gupta said: "Working with a broad, international spectrum of software and technology companies for over 15 years, Curtis brings extensive finance and industry experience to Keynote. Specifically, for the past three years while with GCA Savvian Advisors, Curtis has served as an advisor to Keynote and he and I have had a chance to work very closely. As such, he is intimately familiar with our company’s operations, market and organization. Curtis will be a great asset to our company as we drive organic revenue growth from our Mobile and Internet business and also evaluate any potential acquisition opportunities. I would also like to thank Drew Hamer for his five years of service to Keynote and wish him the very best as he returns to private company endeavors.”

Smith said: "Over the years, I have come to know Keynote very well and believe strongly in its business vision and its outlook for the future. With a solid product line-up, an experienced management team and an improving economic landscape, I believe Keynote is poised to grow its market share, revenue and profits. I am excited to be part of the team and look forward to adding value to the business for many years to come.”

Peterson served as Corporate Controller since 2009 and has responsibility for worldwide accounting and financial reporting, including Securities & Exchange Commission filings, Sarbanes-Oxley compliance, and internal management accounting.

Gupta added, "I would like to congratulate David on his promotion to Chief Accounting Officer. During his tenure at Keynote, he has proven his command of our international financial reporting and accounting system, as well as his knowledge of SEC reporting, and Sarbanes-Oxley compliance. I am certain he will continue to perform superbly in his expanded role.”

Curtis H. Smith

From 2006 until joining Keynote, Smith was at GCA Savvian Advisors, where he served most recently as Managing Director and head of its global software and software-enabled services banking practice, managing mergers and acquisitions and financing transactions for clients on three continents. Prior to that, Smith had an additional nine years of investment banking experience supporting software and technology companies, including as Vice President in Credit Suisse First Boston’s technology group. Smith received an MBA from the Marshall School of Business at the University of Southern California, and a Bachelor of Arts degree from Brigham Young University.

David F. Peterson

From 1995 until joining Keynote, Peterson was Corporate Controller for several technology and financial services companies including, BenefitStreet Inc., QuickLogic Corporation, Spectrian Corporation and Phillips Semiconductor. Prior to that, Peterson was Director of Accounting at Fujitsu Microelectronics, Audit Senior Manager at Price Waterhouse; and Senior Auditor at Ernst & Whinney. Peterson received a Bachelor of Science degree from Oklahoma State University and was a Certified Public Accountant in Oklahoma.

About Keynote

Keynote Systems (Nasdaq "KEYN”) is the global leader in on-demand test & measurement solutions for continuously improving the online experience. For over a decade, Keynote has been providing measurement data and testing capabilities that allow companies to understand and improve their customers’ online and mobile experience. Keynote has four test and measurement businesses: Web performance, mobile quality, streaming & VoIP, and customer experience/UX.

Known as The Mobile and Internet Performance Authority™, Keynote has a market-leading infrastructure of over 3,000 measurement computers and mobile devices in over 240 locations around the world. Keynote’s 2,800 customers represent top Internet and mobile companies including American Express, Disney, eBay, E*TRADE, Expedia, Microsoft, SonyEricsson, Sprint, T-Mobile, Verizon, Vodafone and YouTube.

Keynote®, DataPulse®, CustomerScope®, Keynote CE Rankings®, Keynote Customer Experience Rankings®, Perspective®, Keynote Red Alert®, Keynote Traffic Perspective®, Keynote WebEffective®, The Internet Performance Authority®, MyKeynote® , SIGOS®, SITE®, Keynote™ The Mobile & Internet Performance Authority™ and Keynote FlexUse™ are trademarks or registered trademarks of Keynote Systems, Inc. in the United States and/or other countries. All other trademarks are the property of their respective owners. © 2010 Keynote Systems, Inc.