SOURCE: eProject

February 22, 2007 07:00 ET

Explosive Growth Continues for OnDemand Collaboration and Project Automation Vendor eProject

Leapfrogs Past 100,000 Users at More Than 625 Companies Worldwide

SEATTLE, WA -- (MARKET WIRE) -- February 22, 2007 -- eProject, the OnDemand leader in collaborative Project and Portfolio Management (PPM) software, grew more than 125% in 2006 as it leapfrogged past 100,000 users and more than 625 corporate customers worldwide, it was announced today.

The privately held company, which had bookings of approximately $16 million in 2006, expects to continue its rapid growth in 2007. It is currently adding more than 2,000 users and 30 new customers per month. Companies recently selecting eProject include Merrill Lynch, Sprint Nextel, Fidelity and TV Guide Interactive. They join a diverse clientele that includes Honeywell, Oakley, Amerisure Insurance and Assurant.

Rather than purchase and install its software, eProject customers pay a $45 per user monthly fee to access its PPM6 platform that automates projects, makes collaboration easy across an enterprise, and offers executives real-time, dashboard views so they can make more intelligent decisions on the initiatives they are responsible for.

"Collaborative applications need to demonstrate ease of use, reliability, performance, and flexible access to be compelling for users and acceptable for administrators. Empowering users to create custom views of applications at the desktop can provide a significant boost in business value and productivity," said Mark Levitt, vice president for Collaborative Computing and the Enterprise Workplace at IDC (www.idc.com).

Rise of the Bizsumer

PPM6 is attracting a new breed of business user who demands the simplicity of web tools like Google in their application software, along with the expectation that they can purchase and use these tools immediately -- without interference or reliance on internal IT staff.

"The OnDemand revolution in business software will not stop at CRM or ERP solutions. There is an enormous need for organizations to manage their most strategic initiatives with more rigor and better tools," said Jeff Pancottine, eProject president and CEO.

"What's fascinating is the huge variety of business challenges our customers are addressing using PPM6 -- from managing a video game production and launch, to post acquisition integration planning, and IT operations. The scenarios vary, but they're all about important initiatives. Organizations are craving technology that really works the way they want to work, and doesn't take a year and a half to implement," added Pancottine.

PPM6 represents the industry's most complete OnDemand PPM and Collaboration platform used to select, staff, track, and control projects across the enterprise.

About eProject

eProject (www.eproject.com) is the OnDemand leader in collaborative project and portfolio management (PPM) software. Its expanding suite of easy-to-use OnDemand software integrates and automates business processes across the organization by seamlessly connecting teams to the vital resources they depend on to get the job done -- all from a single platform. This allows organizations to be much more effective in achieving business results. Unlike installed Project Management software, eProject delivers an exceptional user experience through a web browser, and dynamic configuration, the flexibility to use building blocks to easily create a team environment aligned with project objectives and work styles. eProject is used by an expansive portfolio of customers including BASF, BP, Cushman and Wakefield, Grubb & Ellis, Honeywell and RealNetworks.

Contact Information