SOURCE: Quantrix

Quantrix Business Modeling and Analytics Software

December 17, 2009 13:20 ET

Civitium LLC Uses Quantrix Modeler to Develop North Georgia Network Cooperative's Winning Broadband Stimulus Project Proposal

Quantrix Modeler Helps Civitium Develop Winning $33 Million ARRA Grant Proposal for Federal Stimulus Funds; Award Announced in Person by Vice President Joe Biden

PORTLAND, ME--(Marketwire - December 17, 2009) - Quantrix announces that its partner -- Civitium LLC, the leading management and technology consulting firm for broadband infrastructure planning -- developed a winning $33 million proposal for federal broadband stimulus funds for the North Georgia Network Cooperative (NGN). Civitium developed the proposal under the direction of the Development Authority of Lumpkin County, GA, using Quantrix Modeler, a business modeling and analytics (BMA) software solution, which enabled it to implement a financial planning model that significantly reduced the amount of time required to develop the comprehensive proposal. The award is part of the American Recovery and Reinvestment Act (ARRA), and was announced today by Vice President Joe Biden in Dawsonville, GA. NGN will use the funds to develop a next-generation broadband network.

"Quantrix Modeler is a powerful, yet easy-to-use tool that played significantly in our ability to develop a winning proposal for NGN," says Greg Richardson, Managing Partner, Civitium LLC. "By winning this proposal, NGN will create more than 50 jobs while vastly improving the rural broadband infrastructure of northern Georgia."

"The federal economic stimulus program was designed to create jobs by funding much-needed infrastructure projects -- and to do so with urgency," says Chris Houle, CEO, Quantrix. "In order to meet the compressed timeline, Civitium needed a platform that delivered quick turnaround time for developing comprehensive financial planning models. We're pleased that Quantrix Modeler enabled Civitium to develop the winning proposal for NGN, and congratulate all who will be positively impacted by this significant project."

Civitium joined the Quantrix Partner Program to support its work modeling capital-intensive business proposals and plans for public entities. It discovered that Quantrix supports partners and customers alike with an improved solution over traditional spreadsheets and business intelligence tools, increasing collaboration and improving flexibility with a robust, analytical platform.

Quantrix Modeler's multidimensional business modeling and analytics software enables financial professionals to break away from the restrictions of spreadsheet technology to quickly develop financial models of the highest integrity, flexibility, and transparency.

About Civitium

Civitium provides in-depth consulting for planning, deploying, and managing next generation fiber optic and wireless broadband networks. Civitium's clients -- which include local exchange carriers, cellular operators, government agencies, public safety agencies, electric utilities, cooperatives, and not for profits -- look to the firm for its unique ability to provide innovative business and technology solutions. For more information, visit http://www.civitium.com

About Quantrix

Quantrix's business modeling and analytics (BMA) solutions and services enable companies to develop accurate, secure, and dynamic forecast, budget, planning, risk, and data models. Quantrix Modeler provides unprecedented business intelligence and improved business performance management to customers in 50 countries. It delivers rapid return on investment by empowering business and financial professionals to break away from restrictive two-dimensional spreadsheets and complicated modeling and business intelligence tools. Quantrix Modeler is available directly from the company and from its partners in the United Kingdom, Ireland, China, Australia, New Zealand, France, Germany, Mexico, Chile, Israel, South Africa, and Brazil. For more information about Quantrix Modeler, or to activate a free 30-day trial, visit www.quantrix.com or call +1 207.775.0808.

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