SOURCE: OpenAir

April 22, 2008 10:00 ET

OpenAir #21 Fastest Growing Company in Massachusetts

Honored as a 2007 Boston Business Journal Pacesetter for Third Consecutive Year

BOSTON, MA--(Marketwire - April 22, 2008) - OpenAir, the leading global provider of on-demand project management solutions, is pleased to announce being named to the Boston Business Journal's Pacesetters list for 2007. OpenAir was listed as the 21st Fastest Growing Private Company in Massachusetts, with 221% revenue growth from 2004 to 2007.

"This award belongs to our customers," said CEO Morris Panner. "Our employees are uniquely focused on ensuring that our customers are delighted with our products and services. Our rapid growth is a reflection of our team's dedication to that one core principle."

The Boston Business Journal included 60 firms this year in its Pacesetters list, comprising the 60 fastest growing private companies in Massachusetts.

About OpenAir

OpenAir is the world's leading provider of Software-as-a-Service (SaaS) project management software. Offering both Professional Services Automation (PSA) and Project Portfolio Management (PPM) solutions, OpenAir provides project-based organizations and firms the tools they need to grow their businesses quickly and profitably. Providing enterprise-level functionality for businesses of all sizes, OpenAir has more than 42,000 active users across 300 world class firms utilizing the software to better capture billable time, manage projects and resources and bill customers. Coupled with a team of highly experienced consultants from some of the world's leading services firms, OpenAir PSA and OpenAir PPM drive higher profits through improved utilization, visibility and data collection. To learn more or schedule a demo, please visit www.openair.com.

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