Press Release

FOR IMMEDIATE RELEASE

QL2 Software Again Named in Washington's Fastest Growing Private Companies by
Puget Sound Business Journal

QL2 Gains Recognition for Second Consecutive Year

SEATTLE — October 24, 2006 — 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 attribute our continued revenue growth to having a solid base of returning customers." said Chris Buckingham, President and CEO of QL2 Software. "We plan to continue innovating to meet their needs and attract new customers."

About QL2 Software, Inc.
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.

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