QuickArrow Continues Revenue Growth, Reinvests in User Community

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Q1 marks 38% annual growth for the leader in professional services automation (PSA) and management solutions.

QuickArrow, Inc., the leader in Professional Services Automation and Management Solutions, today announced their 14th consecutive quarter of revenue acceleration, with first quarter revenues 38% higher than in the same period last year.

"Our financial success has enabled us to reinvest in our SharedSuccess client program, which creates even deeper value for our clients," said Kevin Bury, QuickArrow Vice President. "In February, Genesys hosted the inaugural QuickArrow User Group for the Northern California region, and we will be helping our clients launch additional groups throughout the U.S. and in EMEA in the near future."

Ron Jennings, QuickArrow CFO, commented "With the SaaS delivery model, user and revenue growth go hand in hand. Over the last two years, our user base and revenue have both averaged over 40% annual growth; That consistency has supported our continued profitability, and also positions us very well to capitalize on growing demand in the PSA space."

In January, the company was recognized as one of the Top 25 service providers by ASPnews.com. Inclusion in the service providers list requires that companies meet the following criteria:

  •      Have the provision of network-based applications and/or services as their core business
  •      Have a substantial and active customer base for those services
  •      Demonstrate proven revenue streams
  •      Be innovators in the online delivery of software-based services
  •      Be recognized as a leader by others within the industry

QuickArrow's Software as a Service (SaaS) PSA application incorporates Financial Management, Project Management, Resource Management, and Advanced Reporting capabilities to streamline and automate Professional Services Organizations.

About QuickArrow
QuickArrow offers the only PSA solution specifically designed to help billable service organizations achieve the visibility they need to optimize their services delivery. QuickArrow's Software as a Service (SaaS) application 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 25,000 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, Symantec, Genesys, Informatica 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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Baker Johnson
QuickArrow
512-381-0675
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