QuickArrow’s 12th Consecutive Quarter of Revenue Acceleration Marks 42% Annual Growth

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QuickArrow, Inc., the Software as a Service (SaaS) leader in Professional Services Automation (PSA), announced today that third quarter revenue for 2006 was 42% greater than the same period in 2005, marking 12 consecutive quarters of revenue growth.

QuickArrow, Inc., the Software as a Service (SaaS) leader in Professional Services Automation (PSA), announced today that third quarter revenue for 2006 was 42% greater than the same period in 2005, marking 12 consecutive quarters of revenue growth. The company also added more than 1900 new users in the third quarter to achieve a 56% year-over-year increase in the QuickArrow user base.

QuickArrow added several key clients in the third quarter, including Progress Software, Spotfire Inc., Skywire Software, and Xenos. In September, the company hosted more than 70 companies at their annual SharedVision Users Conference in Austin, Texas. They also continued their educational client webinar series, SharedSuccess, with two new installments on Project Management and Advanced Analytics, their custom analytics and reporting tool.

Elizabeth Davis, QuickArrow’s CEO, commented, “We’ve invested in these programs to help our clients drive user adoption and realize more value from the application – both through ongoing training and interaction with our team as well as other QuickArrow users. We’re building an integrated community that will help to define and drive the future of the industry, and we plan to continue and expand these programs in the coming months.”

QuickArrow will be attending, exhibiting, and presenting at several events in Q4, including the TPSA Fall Summit, November 12-14, where they will co-present with Stephen Satterwhite of Entelligence on The Economic Impact of Superior Customer Experiences.

About QuickArrow

QuickArrow offers the only Software as a Service (SaaS) PSA solution specifically designed to help billable service organizations achieve the visibility they need to optimize their services delivery. QuickArrow fully integrates with leading SFA, CRM, and financial applications, replacing homegrown solutions and labor-intensive spreadsheets to automate workflows and streamline operations.

Worldwide, more than 22,000 users under contract and 250 services organizations spanning software, IT Services, management consulting, hardware, environmental, and healthcare count on QuickArrow every day to increase resource utilization, capture more billable hours and expenses, and enable more effective decision-making to drive top and bottom-line growth.

QuickArrow’s unqualified SAS 70 Type II certification and innovative Web Services API ensure reliability, flexibility, and data security for clients such as Salesforce.com, Borland Software, Eloqua, Genesys, and Proxicom. To learn more about the business impact QuickArrow can have on your organization, please visit http://www.quickarrow.com.

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