SAN JOSE, Calif., May 13, 2008 (PRIME NEWSWIRE) -- EnterConnect Inc. (OTCBB:ECNI) (the "Company"), a pioneer in business-ready, self-service SaaS portals, today announced that at the completion of the month ending April 30, 2008, the Company achieved more bookings than the entire 2008 fiscal year.
"With the launch of our SOAapps.com strategy and the evolution of the EnterConnect product suite, we have started the year ahead of budget for new bookings, subscribers and monthly revenue," said CEO Sam Jankovich. "EnterConnect had net new bookings in excess of $200,000 in April from five new customers, including a $1 billion Enterprise software company and customers in the Financial Services industry, and over 1,000 subscribers."
"New bookings have increased across the board, but growth for the mid-sized market is particularly accelerating," continued Mr. Jankovich. "Our sponsorship of the Gartner Mid Market Summit this past week in Orlando generated an encouraging pipeline of new customers in addition to multiple sales and marketing campaigns for our first quarter," Jankovich added. "We hope to see a growth sales pipeline from these new bookings, which we believe may result in record-setting revenue for the Company."
EnterConnect is in midst of launching several key SaaS application categories with its strategic partners. The first category, Human Capital Management, was successfully launched in March 2008, with its Talent Management Application partners -- Cornerstone OnDemand, HRsmart, StepStone Solutions and Taleo Corp.
About EnterConnect Inc.
EnterConnect Inc., delivers online business portal solutions that help companies increase productivity, efficiency and revenue to accelerate business on demand. The EnterConnect Business OnDemand(tm) Portals enable employees, partners and customers to connect, communicate and collaborate online -- at anytime, from anywhere -- and solve business objectives on-demand.
EnterConnect launched SOAapps.com, powered by enterconnect(tm), with market leader BEA Systems (BEAS) to provide business and technical executives with a marketplace to "Find, Try & Subscribe" to best-of-breed, software-as-a-service (SaaS) solutions. Throughout 2008, SOAapps will be offering business applications for Human Capital Management (HCM); Financial Management (FM); Customer Relationship Management (CRM); Supply Chain Management (SCM); Content, Communication & Collaboration (CCC); Business Intelligence (BI); Enterprise Resource Planning (ERP); and Vertical Applications (VA) and technical applications in key categories for infrastructure software and technology. SOAapps.com and partner solutions drive business on demand with economical and scalable, pay-as-you-go subscription access to service-oriented applications. To find enterprise-class SaaS solutions, visit http://www.SOAapps.com. To learn more about the SOAapps ISV Program or to submit an application for review, visit http://SOAapps.com/partners.
To find, try and subscribe to EnterConnect(tm) employee portals, partner portals, customer portals, team portals, and website development and management portals for business users, visit the EnterConnect storefront on SOAapps at http://enterconnect.SOAapps.com.
For more information about EnterConnect Inc., visit http://www.enterconnect.com or call (800) 658-2670.
Forward-Looking Statements:
Statements in this document contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1993 and the Securities Exchange Act of 1934, as amended. These statements are based on many assumptions and estimates and are not guarantees of future performance and may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of EnterConnect Inc. to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words "expect," "anticipate," "intend," "plan," "believe," "seek," "estimate," and similar expressions are intended to identify such forward-looking statements. Our actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation those set forth as "Risk Factors" in our filings with the Securities and Exchange Commission.