Maconomy US Continues Consistent Growth

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Maconomy, leading provider of business solutions for professional services and marketing communications organizations, announced today that Maconomy increased revenues globally by 8 percent in the first half of 2008 compared to the first half of 2007. The growth is attributed to a 13 percent growth in license revenue and a 6 percent growth in consulting revenue. In the US, Maconomy grew even faster, by 9.5 percent including growth in license sales despite difficult market conditions given the US and global economy.

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Even though market conditions have definitely become more difficult the past year we are happy to see that many Professional Services Organizations and Agencies are looking at this as an opportunity to strengthen their internal systems and procedures and invest in business solutions like Maconomy

"Even though market conditions have definitely become more difficult the past year we are happy to see that many Professional Services Organizations and Agencies are looking at this as an opportunity to strengthen their internal systems and procedures and invest in business solutions like Maconomy", says Steen Andersen, President, Maconomy US.

About Maconomy US

Maconomy US maximizes profitability for mid to large size professional services organizations by providing software and services that optimize finance management, job costing, project management, business intelligence, and resource planning in one integrated ERP solution. The company is a subsidiary of Maconomy A/S, headquartered in Copenhagen, Denmark and founded in 1989. Maconomy A/S is a global provider of industry-specific business solutions for professional services companies and marketing communications organizations and today Maconomy supports more than 100,000 users in more than 60 countries.

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Thereasa Fullmer
Maconomy
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