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AppLabs appoints Makarand Teje as CEO

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DQC Bureau
New Update

New Delhi

May 16, 2008

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AppLabs announced that Makarand Teje, its current President and COO, is the
new CEO of the organization. In his new role, Teje will continue to report to
Sashi Reddi, Founder and Chairman, AppLabs. Reddi will continue to provide
strategic business direction to the company.

On the appointment of Teje, Reddi said, “I am excited to have Teje take on
this new responsibility to lead AppLabs to new heights. His extensive experience
in selling to large enterprise accounts will enable AppLabs to succeed in
winning and retaining large customers.”

Teje said, “AppLabs is well-positioned to further establish its position
globally as the leader in the testing industry. With our client focused
engagement model and our fully evolved service portfolio around testing, I am
indeed excited with this new responsibility to take AppLabs to the next level.”

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Teje has over 18-years of experience in the global IT industry covering P and
L management, business development, operations, program management and strategic
marketing. Prior to joining AppLabs, Teje worked at Wipro for over 15-years,
during which he worked on multiple assignments for its Indian as well as
international businesses. During his last assignment at Wipro, he led the global
insurance industry business of about $150 million in size. Prior to Wipro, Teje
worked at Interface Electronics as RM, Western India region and completed his
management traineeship with Skefko India Bearing Co in Mumbai.

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