TopCoder Payouts to Winners $1 Million

Glastonbury, Conn., November 21, 2005 – TopCoder®, Inc., the leader in online programming competition, skills assessment and competitive software development, today announced that payments to winners of component design and development competitions in 2005 to date have yielded over $1,000,000 in prize earnings. TopCoder competitions have produced 340 new generic and 360 new custom .NET and Java components for the TopCoder Software catalogs. This represents an increase of more than 277 percent over payments made to members during the same period in 2004. In addition, TopCoder Software application projects have paid out a total of more than $430,000 to winners this year with all-time royalty payments passing the $53,000 mark. TopCoder is a worldwide community of programming excellence with more than 65,000 members representing 201 countries including China, the Russian Federation, Poland, Romania and the United States. The current top three TopCoder design and development winners have average earning totals in excess of $52,000 in prize awards and more than $2,000 in royalty dividends to date. TopCoder component design and development competitions run 24 hours a day, seven days a week and allow participants a chance to gain recognition amongst the TopCoder community and learn about quality employment opportunities in addition to earning cash prizes. “TopCoder’s goal is to provide our customers with direct access to a professional community of talented developers in a highly competitive environment. That community provides the means for members to show off their talents, learn from industry experts and improve their skills while earning cash,” said Mike Morris, VP Software Development at TopCoder “These payment numbers reflect an extremely positive trend in growth and the emergence of TopCoder as a viable alternative to traditional software outsourcing models.” TopCoder component competitions offer an attractive source of potential income that can provide a payout each quarter for as long as the component is offered in the TCS catalogs. Both collegiate and professional TopCoder members can earn cash payouts to subsidize college costs, augment their regular income or as a sole source of income. About TopCoder, Inc. TopCoder is the recognized leader in identifying, evaluating and mobilizing effective software development resources. Through its proprietary programming competitions and rating system, TopCoder recognizes and promotes the abilities of highly talented programmers around the world. TopCoder Software harnesses the talent of these developers to design, develop and deploy software through its revolutionary competitive development methodology. TopCoder’s methodology emphasizes thorough specification and design, distributed development using reusable components, and a rigorous quality assurance review process and results in higher quality, lower cost software solutions than traditional software development methodologies. For more information about sponsoring TopCoder Events, recruiting TopCoder members and utilizing TopCoder Software, visit www.topcoder.com. TopCoder is a registered trademark of TopCoder, Inc. in the United States and other countries. All other product and company names herein may be trademarks of their respective owners.