Exist Global Acquires DevZuz

-- Asian strategic engineering services firm buys Los
Angeles-based software developer to execute vision in
developing first utility-based delivery grid for globally
distributed software projects -
MANILA, The Philippines & MARINA DEL REY, Calif.--(Business Wire)--Exist Global, a leading software engineering services firm
headquartered in the Philippines, has announced the acquisition of
US-based DevZuz.

DevZuz is a developer of delivery platforms that link enterprise
businesses to application development projects and processes. Through
the acquisition, Exist will gain key DevZuz employees, as well as the
company's technology and products including DevZuz's advanced software
sourcing technology, codeATLAS, and its build automation and
standardization platform, Maestro.

These software tools will add to Exist's capabilities for
cost-effective rapid software development centered on its distributed
engineering network (DEN) technology. CodeATLAS, currently in public
beta, is a code search and project repository technology that connects
developers and software components in a social networking model.
Maestro provides build standardization, dependency management,
continuous integration, and comprehensive reporting, based on the
Apache Maven, Archiva, and Continuum technologies.

Steve Nathan, CEO of Exist Global, said: "The DevZuz team's
expertise in development and its innovative technologies complement
our services and platform strategies perfectly. The creation of
sophisticated, innovative, and cost-effective software requires
skilled developers using cutting-edge development techniques. DevZuz
provided the best approach: fast searches for both open source and
proprietary code and a platform to bring it all together."

The combined entity, doing business as Exist Global, will focus on
strategic software development services for start-up companies,
enterprises, and independent software vendors (ISVs) across the globe.

Winston Damarillo, chairman of Exist and DevZuz, said, "The global
demand for innovative software is increasing. This partnership is a
perfect union that brings together two companies with similar
philosophies and goals, as well as complementary services and
products. The combined strengths of Exist and DevZuz will allow us to
take advantage of this global demand and to provide software
applications to drive businesses across the globe."

Philip Dodds, CTO for DevZuz and newly-appointed CTO of Exist
Global, said: "The main elements of this acquisition that will
contribute to its success are Exist's core strength and experience in
global software development services, DevZuz's experience in open
source software, component management and build automation, and the
demand for world-class talent to produce innovative yet cost-effective
software."

Note to editors

About Exist Global

Established in 2001, Exist Global, with more than 150 developers
worldwide, is the leading strategic engineering services firm in Asia.
Exist provides world-class talent for developing enterprise-class
products and cutting-edge web applications with partners around the
globe.

With expertise in software product development, Web 2.0, Agile
Methodology, open source software, and distributed engineering, Exist
prides itself on providing product development that delivers on the
offshore promise and is the winner of numerous industry honors,
including the ZDNet Asia Top 10 Asian TechnoVisionaries award and
inclusion in the Red Herring 100 Asia.

Prompt Communications on behalf of Exist Global
Hazel Butters or James Gerber
617-576-5763 or 617-291-9899
exist@prompt-communications.com

Copyright Business Wire 2008