For The 15th Year Palo Alto Software Supports Leading U.S. Business Plan Competitions

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Palo Alto Software sponsors MassChallenge, Global Venture Labs Investment Competition and Business Plan Competitions at Rice University and Notre Dame

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"With the help of Palo Alto Software and Business Plan Pro, everyone who enters the MassChallenge is that much closer to reaching their goals," says MassChallenge Founder and CEO John Harthorne.

Palo Alto Software, the market leaders in business planning software, is proud to announce its sponsorship of MassChallenge, the largest non-profit global startup competition and accelerator program.

Startup companies from around the world enter MassChallenge where the top teams split $1 million in cash awards. The 2011 accelerator phase will take place from July through September and winners will be announced on October 20. MassChallenge is part of the Startup America Partnership, a nationwide alliance of business, nonprofit, and private sector leaders working to increase the success of high-growth enterprises in the U.S.

All MassChallenge entrants receive access to training tools and resources, including free copies of Palo Alto Software's best-selling products - Business Plan Pro Premier and Sales and Marketing Pro. Palo Alto Software connects entrepreneurs with the resources they need to launch their businesses and succeed immediately.

"With the help of Palo Alto Software and Business Plan Pro, everyone who enters the MassChallenge is that much closer to reaching their goals. We're excited to put Business Plan Pro into the hands of so many up and coming entrepreneurs," says MassChallenge Founder and CEO John Harthorne.

"We have supported business plan competitions for more than 15 years, and we're happy to now sponsor MassChallenge," says Palo Alto Software CEO Sabrina Parsons. "We're passionate about helping small businesses and entrepreneurs, and taking part in an event like MassChallenge is a great opportunity to help businesses get started and get ahead in the face of tough economic conditions."

In addition to MassChallenge, this year Palo Alto Software will be involved with several of the premier business plan competitions in the country, including:

Global Venture Labs Investment Competition (formerly known as Moot Corp) - All entrants will receive a copy of Business Plan Pro Premier. Palo Alto Software will also present the Palo Alto Software Challenge, awarding a cash prize to the winner of its pitch competition.

Rice University Business Plan Competition Palo Alto Software sponsors and judges the Outstanding Written Business Plan Award, and provides free business plan software to all entrants.

Notre Dame Business Plan Competition Palo Alto Software judges and awards the Best Written Plan Award to entrants of both the McCloskey Business Plan Competition and the Klau Family Prize for Greatest Social Impact.

About Palo Alto Software, Inc.
Palo Alto Software, Inc. develops and markets tools, products and content for small businesses and entrepreneurs. Its flagship product, Business Plan Pro, is the best-selling business-planning software in the U.S. retail market, according to NPD Intelect. Sales and Marketing Pro joins the Palo Alto Software catalog as its newest software offering. Their combined product line along with Bplans.com, the highest trafficked business planning web site, offers know-how solutions that have made Palo Alto Software the market leader in its category.

Palo Alto Software was founded in 1983 and is privately-owned corporation based in Eugene, Oregon. For more information, including the full catalog of Palo Alto Software products, visit http://www.paloalto.com.

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Chelle Parmele

Jeff Fishburn
OnPR for Palo Alto Software
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