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BURLINGTON, Mass. (January 10, 2005) – SofCheck, Inc., an independent provider of software analysis and verification technology, today announced that it recently secured its first round of outside private equity funding. The company, which has been self-funded during its first two years of operation, has raised $750,000 from outside investors, to be used in the completion of the development cycle of SofCheck Inspector™, the company’s advanced static error detection software. In addition, the company will expand its business development initiatives in support of the new product.

During the past year, SofCheck has enhanced its management team with the addition of Joe Nedder as CEO and Steve Clairmont as senior vice president, sales & strategic alliances; grown its advisory board with the addition of Joe Caruso; and executed successful pilot tests of SofCheck Inspector in key market segments.

“It is very rewarding to close on our first round of outside funding,” said Joe Nedder, CEO, SofCheck. “With these additional resources, and with our expanded product offering now addressing the identification and resolution of race conditions in software, we anticipate a breakthrough year ahead for SofCheck as we move our flagship product toward general release.”

SofCheck’s advanced static error detection solutions find bugs in programs before programs are run, representing substantial cost savings for software development organizations, which spend $1 billion annually on tools to test software, and another $21 billion fixing defects testing failed to catch.* Of particular value to software developers is SofCheck Inspector's ability to identify "race conditions," where two or more concurrent activities within a software system attempt to manipulate the same data without sufficient synchronization between them.

The participants and the terms of this private funding round were not disclosed.

About SofCheck

Founded in 2002, SofCheck develops technology that enables software developers and IT organizations to detect and eliminate bugs that can cause crashes or numeric overflows earlier in the development cycle, improving overall software quality and reducing time-to-market. SofCheck’s flagship product, SofCheck Inspector, is a complement to traditional runtime testing tools, employing advanced static error detection technology and pushbutton convenience to find lurking defects in software. SofCheck is a privately held company whose clients include: Raytheon, Northrop Grumman, and United Technologies. To learn more, visit www.sofcheck.com, or contact SofCheck by phone +1 (781) 750-8068, Fax +1 (781) 750-8064 or E-mail info@sofcheck.com.

* National Institute of Standards and Technology Planning Report 02-3

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Media Contact:
Eileen Pacheco
eileen@tango-group.com
+ (781) 556-1026

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