SOURCE: Firepond, Inc.

November 29, 2007 17:24 ET

Firepond Announces Record Growth in 2007

Over 60% Growth in Customer Base and 134% Growth in Recurring Revenues

FRAMINGHAM, MA--(Marketwire - November 29, 2007) - Firepond, Inc. (OTCBB: FPND), the leader in multi-tenant on-demand configure-price-quote™ applications, announces record growth. New customer wins for Firepond's CPQ™ OnDemand multi-tenant application are up over 65% for 2007 to date, with growth across a variety of verticals including software, security products, medical services, telecommunications and high tech manufacturing.* Subscription-based recurring revenues and bookings to date in calendar 2007 have increased by 134% and 54% respectively versus the same period in calendar 2006, with total bookings, defined as the unrealized revenue from existing contracts, currently in excess of $7 million. Additionally, the total value of customer-generated quotes created using Firepond's CPQ OnDemand has increased over 400% during the same period (measured in US Dollars).

Firepond's AppExchange partnership continues to significantly drive growth. Firepond was one of the first AppExchange partners, and continues to expand its relationship with by sponsoring four cities on their CRM Success OnDemand Tour as well as their UK Holiday Party held in London in December.

Andrew Boyd, Chief Research Officer of Aberdeen Group says: "Aberdeen research shows that companies using product configuration and order/quote generation tools have reduced their sales cycles an average of seven (7) days. On top of this efficiency, companies are reporting improved close rates six (6) times better than average."

"Our growth is a testament to the increasing demand for our application among customers and our 'configuration-as-a-service' technology," states Firepond CEO, Bill Santo. "Our multi-tenant platform allows small, medium and large businesses to derive rapid ROI from our configure-price-quote applications due to the low cost of ownership. We are pleased and proud of our strong customer base and to have some of the world's most renowned companies as Firepond customers."

*New customer wins are defined as one win per company, and does not count multiple divisions within a company as additional wins.

About Firepond, Inc.

Firepond (OTCBB: FPND) is the leading provider of multi-tenant, on-demand Configure-Price-Quote™ software that automates and simplifies product pricing and configuration for companies and helps these enterprises improve order accuracy while reducing their cost of sales. Firepond's sales solutions help companies to optimize their sales processes whether their need is to solve complex product or pricing configuration, create product catalogs or provide an interactive selling system and dramatically improve response time. Firepond solutions provide a rapid ROI through improved order accuracy (nearly 100% of submitted orders have accurate specifications and pricing), improved proposal generation time and high user acceptance. For additional information about Firepond, visit or call 1-866-UCONFIG (826-6344).

This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding our business strategy and development plans, plans for entering into new businesses, anticipated sources and uses of funds and other statements regarding our plans, objectives, expectations and intentions that are not historical facts. Because these forward-looking statements involve risks and uncertainties, actual results could differ materially from those discussed in this press release. These risks and uncertainties are described in greater detail in the reports that we file with the Securities and Exchange Commission. Our actual results, performance or achievements may vary materially from those expressed or implied in any forward-looking statements. All forward-looking statements reflect our beliefs and expectations as of the date of this press release and should not be relied upon as representing our views as of any subsequent date. While we may elect to update these forward-looking statements publicly at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events or otherwise.

Firepond is a registered trademark of Firepond, Inc. CPQ and configure-price-quote are trademarks of Firepond, Inc.

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