Press Room: 2006

Keynote to Announce Fourth Quarter Fiscal Year 2006 Financial Results in Conference Call on October 31, 2006

SAN MATEO, Calif., - October 09, 2006 - Keynote Systems (Nasdaq: KEYN), the global test and measurement company for mobile communications and Internet performance, will hold its regularly scheduled conference call on Tuesday, October 31, 2006, at 2:00 p.m. (PT) / 5:00 p.m. (ET) to announce financial results for its fourth quarter fiscal year 2006 ended September 30, 2006.

Keynote’s financial results will be released over Business Wire after the close of market, approximately 1:00 p.m. (PT) on Tuesday, October 31, 2006. The press release will be available on Keynote’s Web site at www.keynote.com at approximately the same time.

To listen to the live conference call, please contact John Kim at (650) 403-3431, or john.kim@keynote.com. The webcast of the call will be available at the Investor Relations section of Keynote’s Web site at www.keynote.com under ‘Investors.’

Playback of the conference will be available at 5:00 p.m. (PT) on Tuesday, October 31, 2006 through 9:00 p.m. (PT) on Tuesday, November 7, 2006. To access the replay, dial (800) 642-1687. The passcode is #8354422. Keynote’s quarterly conference calls are also archived on the company’s Web site at www.keynote.com. To access, select ‘Archives’ from the ‘About Us/Investors’ section.

About Keynote
Founded in 1995, Keynote Systems (Nasdaq “KEYN”) is the global test and measurement company for mobile communications and Internet performance. Keynote helps approximately 2,600 corporate customers become “the best of the best” online. The business premise supporting Keynote’s mission is: “Online businesses can’t manage what they don’t measure.” As an independent and trusted third-party, Keynote provides IT and marketing executives with unbiased benchmarking data, competitive analysis and operational metrics from the customer perspective. This data measures service levels and customer experience of Web sites, broadband services and mobile communications.

Known as The Mobile Communications and Internet Performance Authority®, Keynote manages a market-leading infrastructure of 2,400 measurement computers and mobile devices in over 240 locations and 160+ metropolitan areas worldwide that assess service levels and a panel of over 160,000 consumers who participate in interactive Web site tests that assess user experience. These online user experience tests capture customer attitude and behavior to answer the critical “why” behind the “what.” Keynote’s geographically distributed measurement services, on-site monitoring appliances, competitive research and custom studies ensure that its customers outpace their competitors in online service levels and overall user experience.

Keynote Systems, Inc. is headquartered in San Mateo, California and can be reached at www.keynote.com or by phone in the U.S. at 650-403-2400.

Keynote, The Internet Performance Authority and Perspective are registered trademarks of Keynote Systems, Inc. Other trademarks are the property of their respective owners. © 2006 Keynote Systems, Inc.

Contacts:

Public Relations:
Dan Berkowitz, Keynote Systems, Inc.(650) 403-3305, dberkowitz@keynote.com

Investor Relations:
John Kim, Keynote Systems, Inc. (650) 403-3431, john.kim@keynote.com

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