SOURCE: OpenAir

September 24, 2007 09:35 ET

OpenAir Repeats Election to Deloitte New England Technology Fast 50; Attributes 365% Revenue Growth to Leading On-Demand Professional Services Automation Solution

BOSTON, MA--(Marketwire - September 24, 2007) - OpenAir, the leading on-demand professional services automation application, today announced that it ranked Number 42 on the 2007 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in New England. This was the second time in three years that OpenAir has been named to the prestigious list.

"We are deeply honored to have our efforts recognized by Deloitte," said Morris Panner, OpenAir CEO. "We owe all of our success to our 'customer first' philosophy. When this company was founded, we made a commitment to provide superior customer service to all customers, and that dedication has paid off handsomely."

OpenAir provides comprehensive automation solutions for services teams and consulting firms around the world. More than 250 companies and 32,000 subscribers use OpenAir to gain controls and insight on their financial best practices and to track the work of employees, teams and consultants. Users from all types of billable services organizations use OpenAir to improve employee utilization, capture more billable hours and streamline project management -- without reliance on unstructured tools such as email or faxes.

Fast 50 Selection and Qualifications

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and own proprietary technology or intellectual property that contributes to a significant portion of the company's operating revenues, or devotes a significant proportion of revenues to the research and development of technology. For more information, see www.fast50.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

About OpenAir

Based in Boston, OpenAir Professional Services Automation (PSA) software enables professional services firms to gain controls and insight on their financial best practices. OpenAir empowers executives to track projects, teams, and billable hours for improving employee utilization and to streamline project management. OpenAir Consulting provides both expert deployment advice on the OpenAir product as well as Services Best Practices Consulting as part of the OpenAir Optimize™ Services Program. Relying on a highly experienced team of former Bain, Accenture, Deloitte, Cambridge Technology Partners and Mercer consultants, OpenAir has developed comprehensive programs for both the Software-as-a-Service (SaaS) deployment paradigm as well as for the services vertical industries. OpenAir has helped leading services organizations across six continents increase profits through its subscription-based solution. For additional information, please visit www.openair.com.

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