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