Maventa Named "Cool Vendor" by a Leading Analyst Firm

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Maventa, one of the fastest growing electronic invoicing service providers in the world, today announced that the leading analyst firm Gartner has named Maventa as a Cool Vendor in their newly released report on Multi-enterprise B2B. Maventa's award winning Software-as-a-Service solution makes electronic invoicing simple, cost-efficient and immediately available without upfront investments or process changes.

Maventa, one of the fastest growing electronic invoicing service providers in the world, today announced that the leading analyst firm Gartner has named Maventa as a Cool Vendor in their newly released report on Multi-enterprise B2B.

Vendors selected for the Cool Vendor report are "innovative, impactful and intriguing".

Maventa's award winning Software-as-a-Service solution makes electronic invoicing simple, cost-efficient and immediately available without upfront investments or process changes. Maventa offers all the benefits of high-end e-invoicing platforms purely on transaction based pricing without any fixed costs or minimum term periods. Besides the superior technology, Maventa's intra-network transactions are completely free of charge - which has further pushed forward Maventa's viral growth.

Gartner's 2010 Cool Vendors in Multi-enterprise B2B report introduces the background for this year's selection "as the notion that electronic transactions enable efficiency and save money becomes widespread, and B2B projects proliferate, some nascent vendors are offering interesting, low-cost-of-entry opportunities, especially for small and midsize businesses, for reducing the costs of electronic trading"

"We are delighted by Gartner's recognition as a 'Cool Vendor' and view it as an important validation of Maventa's position as a leading electronic invoicing platform," said Kim Forsman, founder and CEO of Maventa. "Our customer growth rate of 40% month-on-month along with the fact that 97% of our customers are new to electronic invoicing demonstrates that not only have we created truly innovative technology, but something that is impacting how the electronic invoicing market shapes in 13 countries where we have customers".

Maventa's technology is instantly available and can be adopted within a company in a matter of minutes from the implementation decision, instead of typical electronic invoicing implementation projects, which may drag on for months. The key to the fast deployment is that the customer doesn't need to change any of their processes or systems in order to deliver or receive electronic invoices. Maventa is offering its services daily to customers in over 13 different countries, including UK, India, Poland, Germany, Sweden, Turkey, The Netherlands, Italy and Spain among others.

For more information about Maventa, please visit maventa.com or contact:

Kim Forsman
CEO
Maventa
Tel: +358 40 563 3972
Email: kim.forsman (at) maventa.com

About Maventa

Maventa is an innovative provider of electronic invoice services. Its award winning Software-as-a-Service solution makes electronic invoicing simple, cost-efficient and immediately available without upfront investments or process changes. Maventa was founded in 2007 and is one of the fastest growing providers of e-invoice services with over 3000 customers in 13 countries. Maventa has offices in Helsinki, Tallinn and Amersfoort. http://www.maventa.com

About Gartner's Cool Vendors Selection Process

Gartner's listing does not constitute an exhaustive list of vendors in any given technology area, but rather is designed to highlight interesting, new and innovative vendors, products and services. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness of a particular purpose.

Gartner defines a cool vendor as a company that offers technologies or solutions that are: Innovative, enable users to do things they couldn't do before; Impactful, have, or will have, business impact (not just technology for the sake of technology); Intriguing, have caught Gartner's interest or curiosity in approximately the past six months.

1 - Gartner Cool Vendors in Multienterprise B2B, 2010, by Paolo Malinverno Benoit J. Lheureux on 12 April 2010.

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Kim Forsman
Maventa
+358 40 563 3972
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