The document provides an overview of mVerify Corporation and its mobile testing solution called MTS. MTS aims to address the challenges of testing mobile applications by providing a platform that can simulate millions of users and configurations to thoroughly test apps. The solution slashes testing time and costs while improving reliability and performance. mVerify has seen early traction and seeks funding to further develop the platform and expand its customer base and sales.

1. mVerify
®
A Million Users in a Box ®
Investor Overview
Robert V. Binder, CEO
Bob_Binder@mverify.com
312 881-7337 x1001
www.mverify.com

2. The Mobile Testing Nightmare
 Mobile is a hot sector
 Mobile app configurations
increasing exponentially
 More testing necessary for
competitive quality,
reliability, performance
 Billions in avoidable cost
and lost revenue
mVerify Corporation Confidential 2

3. The mVerify Solution
 MTS
 A Million Users in a Box ®
 Architecture = 10 yrs custom + 2 yrs ATP R&D
 Platform-agnostic, uniquely versatile
 Edge: RFID, WiFi, GSM, CDMA, …
 Core: Web Services, RDB, Beans, …
 Value Proposition
 With MTS, solve the mobile testing nightmare
 With MTS, slash time to market
 With MTS, competitive reliability and performance
mVerify Corporation Confidential 3

4. mVerify Customers
mVerify Corporation Confidential 4

5. Current Pipeline
 Microsoft: Model-based Testing, phase II
 Harbison pitching C-level contacts at Boeing,
Lockheed, Raytheon, BAE, …
 1.6, MTS/NET: VOIP, multi-host, …
 Exclusive Reseller of Imbus TestBench
 Intelligent Decisions, Govt Sales Plan
mVerify Corporation Confidential 5

6. MTS: Any App, Any Platform
Console Host Agent Host
MTS Model
Editor MTS
MTS Test
Repository
Agent/STE
MTS TEST RUN
Console REPORTS
MTS Remote
Agent
Agent Host
Client
Plug In
Under Test
MTS Test
Agent/STE
Client Host Under Test
MTS Remote
Agent
MTS Remote
Agent
Server
Under Test
Client Channel
Under Test Emulator
Server Host Under Test
Client Host Under Test Host Under Test may be
ü Cell Phone, PDA
MTS Remote ü Desktop or Server
Agent ü Embedded Processor
ü Comm Interface
Plug In
Server ü Network Equipment
Under Test
ü Access Point
Server Host Under Test
ü Base Station
mVerify Corporation Confidential 6

7. SAAS Offering
 Patent Pending
mVerify Certification Facility
MTS
Client
 Disruptive benefits:
MTS
Client
Account
Management
Channel
MTS  Minutes, not Months
Client Test Model
Editor
Emulator
Virtualized
 Near zero incremental
Hand Helds
cost
Robotic
Test Suite Test Suite Hand Held
Generation Execution Harness
MTS
Client
 Opportunities
 iPhone
 Google Android
 RIM
 Verizon
mVerify Corporation Confidential 7

8. Intellectual Property
 Automatic Test Generation  Automatic Model
 Environment simulation Generation
 1000x over manual  Enterprise license for global
collaboration
 100x over scripting
 Create advanced tests from
 Patent 7,339,891 simple lists
 Advanced reliability testing
 Certification as a Service  Patent Pending
 Test results in minutes, not
weeks
 Distributed Testing Platform
 Very low incremental cost
 High productivity, efficiency
 World-wide enterprise
solution  Platform/network agnostic,
adaptable framework
 Platform/network agnostic,
adaptable framework  Proven and stable
 Patent Pending
mVerify Corporation Confidential 8

9. Competitive Landscape
TestQuest
Mobile $6B mVerify
Agilent,
Ixia …
Platforms
Mobile Complete
Mercury, Segue …
Legacy $7B
1X 10x 100x 1000x
Legacy Advanced
Test Technology
mVerify Corporation Confidential 9

10. 2008-09 Focus: Infrastructure
100 Addressable
80 Infrastructure
60
Accts Market
40
20 MSPs
DoD
0 Carriers
2008 2009 2010 2011 Mfg
 Total Market: Infrastructure
 220 Manufacturers
 128 Carriers
 104 DoD Procurement Units
 464 Mobile Service Providers
mVerify Corporation Confidential 10

11. 2009-11 Focus: Applications
1500 Addressable
1000 Applications
Accts Market
500
ISV
0 EIT ROW
2008 2009 2010 2011 EIT NA
 Total Market, Apps:
 1,000+ Independent Software Vendors
 13,000+ Enterprise IT (U.S.,1000+ employees)
 ~90% CAGR to $2B by 2010
mVerify Corporation Confidential 11

12. MTS Road Map
 Tester Edition  Enterprise Edition
 Single user, 10 DUTs  Site License
 1.6: GA Jun 08  Vertical solution bundles
 1.7: GA Oct 08  Q3 2008 *
 MTS/NET (1.6)  Testing as a Service
 VOIP Quality  Single User
 Multi-host  Carrier Certification
 Channel Emulator  Logo Testing
 Q1 2009 *
 MTS 2.0
 1000X Model-based  Team Edition
 Symbian, LIMO, OHA  Work group
 Q1 2009*  Q1 2009 *
* Assumes Jun 08 funding
mVerify Corporation Confidential 12

13. Core Team
 Robert Binder, Founder and CEO
 32 yrs software entrepreneur and technologist, internationally
recognized software test expert; MS, MBA
 John Harbison, Acting Director A&D Sales
 30 years exp., President Raytheon Commercial Ventures, Booz-
Allen Aerospace/Defense practice lead; MS, MBA, CPA
 Tony Wasserman, Board of Directors
 CEO/Founder, Interactive Development Environments; VP of
Bluestone Software; Professor at Carnegie Mellon West; PhD
mVerify Corporation Confidential 13

14. How Will Funds be Used?
 Seeking $6M+, first institutional round
 Allocation of Proceeds
 45% Sales and Marketing
 40% Production
 15% Operations
 Detailed monthly line-item budget
 Forecast cash-flow neutral in 24-30 months
mVerify Corporation Confidential 14

15. Forecast
2007 2008 2009 2010 2011
Actual
Customers 8 55 539 1,313 3,698
Revenue 80 1,023 3,135 10,340 29,809
Expense 664 1,822 4,627 7,635 17,253
EBITDA (471) (1,134) (2,394) 710 8,204
$ 000 omitted – Assumes 2009 Q1 Funding
mVerify Corporation Confidential 15

16. Exits from Comparables
 Market cap, all app test firms, ~$10B
 Recent comparable exits
 Dec 2002: IBM+ Rational= $2.1B (~$420M testing)
 Feb 2006: Borland + Segue = $100M
 June 2006: HP + Mercury Interactive = $4.5B
 June 2007: IBM + Telelogic = $745M
 All were start-ups
 Possible acquirers
 Agilent, IBM, HP, JDS Uniphase, Ixia, Spirent, …
mVerify Corporation Confidential 16

17. Why Invest in mVerify?
 Unique solution for mobile testing nightmare
 IP for rapid growth, competitive advantage
 Amazing achievements while bootstrapping
 Proven traction
 Disruptive value proposition in space growing
90% to $2B
 Comparable exit multiple: 3.8
mVerify Corporation Confidential 17

18. Q&A
mVerify Corporation Confidential 18

19. Back Up
mVerify Corporation Confidential 19

20. Strategy for Market Dominance
 Continuous Disruption
 Set the marketplace agenda
 Tactical IP Initiatives
 Limit competition, protect our position
 Agile Marketing
 Word of Mouth, Web 2.0 campaign
 Compelling Innovations
 High value, excitement, brand leadership
 Optimal Development
 Sustainable codebase, low cost, managed, agile
mVerify Corporation Confidential 20

21. Sales Plan, Large Manufacturer
 ~15-20 big projects
 ~150 opportunities $6,000,000 Annual
Enterprise
Team
 Assumptions $5,000,000 Tester
 5% initial penetration $4,000,000
 60% saturation
$3,000,000
 15% Tester Ed @ $30K
 35% Team Ed @ $80K $2,000,000
 10% Enterprise Ed @ $250 K $1,000,000
$0
Y1 Y2 Y3 Y4
Sales Plan, Large Manufacturer
mVerify Corporation Confidential 21

22. mVerify Background
 1994-2001: develop custom test
automation for mission-critical apps
 National Security Agency, Naval Air Warfare Center,
JMPS Compatibility Lab, McDonnell-Douglas,
RBSC NASA/JPL, Ford DAI, Lucent, Motorola Iridium, Nokia,
Fannie Mae, Caremark, Exxon Production Research,
Union Pacific, The Options Clearing Corp
 Chicago Board Options Exchange
 1999: Binder publishes definitive
Testing Object-Oriented Systems:
Models, Patterns, and Tools
 1,098 pages
 Translated to Chinese, Polish
 10,000+ copies world wide
mVerify Corporation Confidential 22

23. mVerify Background
Mobile Systems
Verification  March 2001: mVerify founded to productize
A Million Users in a Box™ approach for mobile systems
 January 2002: Patent app: “Method and
System for Evaluating Wireless Applications“
 May 2003: $1.9M NIST/ATP award
 May 2005: AMATE demo, ICSE 25
 June 2005: MTS 1.1
 May 2006: MTS 1.2
 Oct 2006: MTS 1.3
 July 2007: MTS 1.5
 March 2008: US Patent 7,339,891
mVerify Corporation Confidential 23

24. Simulation, Testing, Monitoring
Real System Of
World Inputs Outputs
Interest
Discrete SOI
Simulation SOI
Model
Event Input
Synthetic
Input
Behavior
Synthetic Response
Output Analysis
Predictions
Generation Model
Manual Inputs
System
Outputs
Test
Testing Under Test Pass/Fail
Monitoring Real
Inputs
System
Outputs
Condition
Alarms
World Under Test Checking
Scripted Input System Check Test
Inputs Outputs
Testing Script Under Test Script Pass/Fail
mVerify Corporation Confidential 24

25. MTS Advanced Test Generation
Real System Of
World Inputs Outputs
Interest
Environment
Model MTS/STE
System Test
Environment Inputs Outputs MTS
Under Test Pass/Fail
Simulator
MTS Expected Output
 System under test not simulated or emulated
 1000x better productivity
 1000x better effectiveness
mVerify Corporation Confidential 25

26. MTS Tester Edition Features
 Distributed Test Harness  Performance Monitoring
 Edge to Core  Collect real-time metrics
 Object-Oriented  Plug-in + XML-schema
 Scalable  Function & Performance test
 Test Objects  Trend graphics, data detail
 Best practice  Stochastic Test Engine
 One-click repeat  Automatic test generation
 Composable, Reusable,  Accurate reliability analysis
Data-driven  Simulation-based generation
 Open Source (Tcl)  Millions of tests in minutes
 Test Run Reports  Adapters (1.5)
 Generated in real time  Win CE family
 Browser  Web Services, DBMS, *nix
 XML test log  Bar Code Image, GPIB
 Summary, detail, exceptions  Framework – any GUI or API
mVerify Corporation Confidential 26

27. MTS Tester Edition
mVerify Corporation Confidential 27

28. MTS Tester Edition Capabilities
 Simultaneously test up to ten handhelds per desktop
 Record any user scenario for verbatim replay
 Fully automatic analog or data comparators
 Any Windows CE device or emulator
 One-Click Repeat™, run unattended tests over 24+ hours.
 Open Standard Tcl (Tool Command Language)
 Advanced object-oriented testing framework
 Automatic test object generation
 Reuse or customize any test object in any test suite
 APIs for web services, C#, C++, Java, XML, SOAP, databases, …
 Monitor testing anywhere with instant email notification
 XML test logging
 Detailed test run reports viewed in any web browser
mVerify Corporation Confidential 28

29. Applications and Benefits
 Benefits
 Up to 80:1 reduction over manual test time
 Reliability metrics for release, accept/reject, compliance
 Consistent and repeatable
 Scalable to system of systems
 Applications
 Testing: functional, stress, load, stability, reliability, regression
 Debug, tuning, calibration (retest after change)
 Security evaluation – abuse case generation
 End-to-end, Edge-to-core, mobile, wireless, multi-tier
 Any embedded API, Server
mVerify Corporation Confidential 29

30. MTS/NET Lab Configuration
MTS Test
VOIP
End Point
VOIP
End Point  VOIP
End Point
Agent
MTS Test
Agent
CE
IUT
IUT RA IUT IUT
MTS Controller
Console
VOIP VOIP
End Point Channel End Point
Emulator
POWERFAULT DATA ALARM
MTS Component
MTS Test RA RA RA RA RA RA
Agent
Wired TCP/IP
USB
IPC
WiFi
mVerify Corporation Confidential 30

31. MTS/NET Field Deployment
MTS Test
Agent
VOIP
End Point
VOIP
End Point  VOIP
End Point MTS
Console
MTS Test
Agent
Cabin
Satellite MTS Test
Access Agent
Data Link IUT
Point
VOIP
End Point
RA RA RA RA RA RA Ground
Station
MTS Component
MTS Test Wired TCP/IP
Agent
USB
IPC
WiFi
mVerify Corporation Confidential 31

32. MTS/RCT: Certification as a Service
 The Pain: Logo and Certification Testing
 Manual, bottleneck, superficial
 Dev community resistance
 Rapid Certification Testing: MTS/RCT Solution
 Test results in minutes, not weeks
 Supports world-wide enterprise solution
 Platform/network agnostic, adaptable framework
 Patent pending
 Straightforward extension
 Re-configure client and server deployment
 Add Account Management
 Cooperation sought
 Business: Carrier designation
 Technical: Manufacturer stack support
mVerify Corporation Confidential 32

33. MTS/RCT Overview
mVerify Certification Facility
MTS
Client
MTS
Client
Account
Management
Channel
Emulator
MTS
Client Test Model
Editor Virtualized
Hand Helds
Robotic
Test Suite Test Suite Hand Held
Generation Execution Harness
MTS
Client
mVerify Corporation Confidential 33