Genius Inside Defies Economy, Sets Record-Breaking Sales And Company Growth In 2008

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Creator of Project Portfolio Management Solutions Realizes 28% Year-Over-year Revenue Increase; More Than 20 New Corporate Accounts Added in Last Two Quarters

Genius Inside - Project Portfolio Management Software Provider

After more than 10 years in the project management software market, customers have come to appreciate our in-depth knowledge and professional advice.

Genius Inside, the creators of the award-winning Genius Project Portfolio Management (PPM) software, today announced its 2008 revenues increased 28% over 2007, reflecting increased demand for its range of PPM products, offered both as an SaaS solution and for Lotus Notes and Domino. In addition to setting a new income record for the company, the increase is providing strong momentum for Genius Inside's sales and marketing moves for 2009.

In the last six months of 2008, Genius Inside added 20 new enterprise accounts, representing a total of over 5,000 new users. Among the many new corporate names on the Genius Inside roster are Amcor Pet Packaging, Applegate, Bunge, Carl Zeiss, Danone, the U.S. Environmental Protection Agency (EPA), Mercury Consulting, Mizuno, and the National Urban League.

"We believe that despite the economic slowdown, companies understand the added value of project management software. This is mission-critical technology that helps enterprises not only save resources, but also invest them where the return is highest," said Christophe Borlat, CEO of Genius Inside. "After more than 10 years in the project management software market, customers have come to appreciate our in-depth knowledge and professional advice."

Genius Inside's favorable financial results in 2008 were matched by its product gains. Last year the company debuted Genius Project, its foray into the SaaS (Software as a Service) segment. As an on-demand, Web-based version of its PPM platform, Genius Project quickly attracted a strong and growing global user base in the insurance/finance, consumer product, education, healthcare and IT fields, among others.

In 2008, Genius Inside also developed the recently-announced Genius Project4Domino 6.0, and Genius Project 2.0 featuring a new invoicing module and enhanced portfolio tools. It also debuted a new PPM module that leverages new Domino 8 composite application capabilities to provide at-a-glance views of open projects. The module also supports instant drilldown capability into multiple Lotus Notes databases and applications.

Industry observers took note of Genius Inside's advanced solutions, naming it as the winner of the 2008 Lotus Award for Best Mid-Market Software Solution. Genius Inside was also a finalist for the 2008 IBM Beacon Award for Outstanding Lotus Software Innovation.

Started in 1997 in a simple storeroom, Genius Inside is now a multi-national business solutions provider with offices in Switzerland, Germany, and the United States. The company opened a Montreal, Canada office in 2008 to oversee its North and South American operations, and doubled its employee headcount in the past year.

For 2009 Genius Inside anticipates its workforce will again double in size as it expands its North American presence. It also expects to continue its aggressive growth in the Software as a Service (SaaS) segment. To learn more about Genius Inside, call 866-877-4364.

About Genius Inside:
Established in 1997, Genius Inside's mission is to make project manager life easier by improving project selection, planning, staffing, execution and tracking with our easy-to-use, powerful and intuitive project management solutions for the enterprise. The company began building solutions on IBM Lotus Notes and is now offering solutions on-demand with Genius Project, its SaaS solution. With offices in Europe and North America, supported by a network of resellers worldwide, Genius Inside now has over 50,000 end users and over 450 customers across the globe. The company is a leader in the Lotus Domino market and has been awarded and nominated many times over the years by IBM.


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Irene Melchner