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.
All company trademarks are the property of their respective owners.
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