SEATTLE, WA -- (MARKET WIRE) -- 10/24/06 -- QL2 Software, the leading provider of data extraction tools and solutions, was named the 20th fastest growing private company in Washington State by the Puget Sound Business Journal. This is the twelfth year of the award, and the second consecutive year that QL2 was recognized, having placed eighth last year.

The Puget Sound Business Journal's List of 100 Fastest Growing Private Companies is based on revenue growth percentage from 2002 to 2005, where QL2 Software's revenues increased by 338 percent. The company contributes this to their commitment to innovate and seek efficiencies in its sales and marketing processes.

"We continue to build a foundation for sustainable growth," said Chris Buckingham, President and CEO of QL2 Software. "To be recognized on this list for the second year running validates that the foundation is firm. We fully expect to make the list for a third consecutive year in 2007."

About QL2 Software

QL2 Software's data extraction and integration technology and solutions empower business intelligence, enterprise search, and text analysis applications for large companies and institutions throughout the world. With more than 30 customers in the Fortune 1000, QL2 provides the data that drives the enterprise. In 2005, QL2 joined IBM's Unstructured Information Management Architecture (UIMA) open source initiative, was named to KMWorld's "Top 100 Companies" and "Trend-Setting Products of 2006" in addition to placing high on the list of Fastest Growing Private Companies in Washington by the Puget Sound Business Journal. www.QL2.com

Media Contact:
Peter Olson
UpRoar
206.447.5574
Email Contact

Company Contact:
Megan Knight
QL2 Software
206.859.4229
Email Contact