We are extremely honored to be recognized by Red Herring in our efforts to simplify the project management issues faced by small to medium sized professional services. This recognition is another nod to the value we bring to our customers who face difficulties managing projects and customer cases
Helsinki, Finland (PRWEB) January 15, 2009
Severa, Finland's leader in professional services automation tools for SMEs, today announced that it has been selected as a Finalist of the Red Herring 100 Global Award. The award recognizes private companies that are at the forefront of innovation and market disruption.
To get to finalist status, the Red Herring editorial team deploys a detailed process to whittle down a pool of 600 eligible, promising companies to the 200 finalists of this global award. Evaluations are made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy and ecosystem integration. The winners of the Top 100 Privately Held Companies will be announced later this month at the Red Herring Global 2008.
Severa, also the name of the product solution offered by the company, works as a single tool to manage sales, customers, projects, time tracking and billing. The solution has been implemented in over 500 customer sites and has managed over 100 000 projects. Severa is offered as an online service to professional services organizations and can be implemented in a matter of minutes. This is in high contrast to ERP systems that may take over months to be fully implemented. Severa's unique approach in presenting only the most pertinent information to the user helps to reduce information overflow, without compromising data relevancy. This helps to ensure projects are kept under time and budget.
"We are extremely honored to be recognized by Red Herring in our efforts to simplify the project management issues faced by small to medium sized professional services. This recognition is another nod to the value we bring to our customers who face difficulties managing projects and customer cases," said Ari-Pekka Salovaara, CEO and cofounder of Severa, "The PSA market is expanding from a few years ago when the industry employed 6.5 million users in over half a million companies in the US alone. The same trend can be seen in Europe as well, where Severa has roughly 0.25% of the entire Finnish work force using our product. Such trends open up new business opportunities and place us in a good position to leverage our industry knowledge to penetrate the global market."
Severa is a leading professional services automation tool designed to take the pain out of project management for small to medium sized professional services organizations. Severa is offered as SaaS that reduces implementation time and is fully customizable to fit into various verticals including design agencies, technical consulting services, law firms, engineering houses and architect firms. Severa's transparency into project data helps communicate business objectives, optimize resource allocation and reduces revenue leakage. For more information on Severa visit http://www.severa.com.