SOURCE: eProject

June 10, 2005 10:00 ET

eProject Named 2005 Venture All Stars™ Top 25 Emerging Growth Company

Continues Banner Year for Company Enjoying Spectacular Growth

SEATTLE, WA -- (MARKET WIRE) -- June 10, 2005 -- eProject (www.eproject.com) today announced it has been named a Top 25 Emerging Growth Company as selected by Venture All Stars™ at the 5th Annual Venture All Stars™ Awards Gala and NASDAQ Golf Tournament held Friday, June 3, 2005. The top 25 companies were selected from a nominated group hailing from British Columbia, Oregon and Washington.

"eProject has enjoyed spectacular growth during the past year, with hundreds of new companies deploying our on-demand, software-as-service Project and Portfolio Management (PPM) solution. This award is a clear reflection of that growth, and also how eProject has quickly become the standard software of choice for companies who want a single, unified platform for managing all their projects across their entire enterprise and beyond," said Steven Anderson, COO.

The 2005 Venture All Stars (www.ventureallstars.com) selection committee consists of representatives from more than 35 venture capital organizations including Motorola Ventures, Madrona Venture Group, Arch Venture Partners, Voyager Capital, OVP Venture Partners, Greenstone VC, Yaletown Venture Partners, and the Puget Sound Venture Club. This group represents billions of dollars in venture capital that are actively seeking to help entrepreneurs make their next fortune.

The 2005 Top 25 Venture All Star companies, which come from all sectors and stages, were selected over a six-week period, and were evaluated from multiple business and funding criteria including strong management, financial backing and high-growth potential.

eProject Mid-Market PPM is an easier to use, faster to deploy, lower cost alternative to traditional enterprise project profile management (PPM) solutions typically found in large enterprises that are mainly used for IT governance applications.

eProject Mid Market PPM offers an intuitive, unified platform that enables users to maximize project ROI by compressing project cycle times, identify and automate best practices, optimize resource allocations, and deliver real-time status and information updates on project portfolios.

The Venture All Stars event is the only event of its kind that brings together and honors companies from both in the United States and Canada. Past Venture All Star companies include vCustomer, Impinj, FIOS, nGrain, HouseValues and Mforma.

About Venture All Stars

Venture All Stars Group is an integrated media, marketing and advisory services organization that monitors and provides access into the Pacific Northwest's seed to mid-stage venture ecosystem. In addition to the annual Venture All Stars Event, it operates a partner network consisting of premier venture capital, angel investor, entrepreneur, corporate executives, governmental trade agencies and consulate generals in the region. Its membership services include educational events and products (Executive Playbook), public relations and radio style podcasting shows. Venture All Stars features an investor presentation service called Venture Showcase and online educational service called Venture Library. Venture All Stars publishes the de-facto visual representation of the northwest venture ecosystem called the Venture Map with a distribution of more than 50,000 units. For more information please visit: http://www.ventureallstars.com

About eProject

eProject (www.eproject.com) delivers the only on-demand project and portfolio management solution for the extended enterprise. eProject's Mid-Market PPM is an intuitive, unified platform that enables users to maximize project ROI by compressing project cycle times, identifying best practices and optimizing resource allocations, with rapid deployment and quick adoption. eProject is used by more than 350 companies worldwide including BASF, BP, Cushman and Wakefield, Dow Chemical, Honeywell and T-Mobile.

Contact Information

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    Martin Levy
    Martin Levy Public Relations
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    206.851.7256 Direct