QuickArrow Named “Top 25 Provider” by ASPnews.com

QuickArrow, Inc., the leader in Professional Services Automation (PSA) and Management Solutions, today announced that the company has been named one of the top 25 service providers by ASPnews.com.

The ASPnews website is the world’s premier source of news and analysis for and about the Application Service Provider (ASP) and Web Services industry. The ASPnews “Top 50” includes the top 25 service providers and the top 25 enablers. Inclusion in the service providers list requires that companies meet the following criteria:

• Have the provision of network-based applications and/or services as their core business
• Have a substantial and active customer base for those services
• Demonstrate proven revenue streams
• Be innovators in the online delivery of software-based services
• Be recognized as a leader by others within the industry

QuickArrow’s Software as a Service (SaaS) PSA application incorporates Financial Management, Billing Management, Resource Management, and Advanced Reporting capabilities to streamline and automate Professional Services Organizations.

According to Forrest Stroud, Managing Editor for ASPnews, "QuickArrow is a company we've been tracking for several years and an ASP that's really caught our eye as a leading up-and-comer in the industry. The firm easily hits the mark on each of our criteria for inclusion on the Top 25 list of ASPs, and we're really excited to see what QuickArrow has in store for the future."

QuickArrow CEO, Elizabeth Davis, replied “ASPnews is widely regarded as the leading authority in the ASP space, and we would like to thank Forrest Stroud and his entire team for this recognition. To be one of only 3 new companies on this list is a tremendous honor.”

Davis continued, “This has been a very exciting time for QuickArrow. We focused heavily on technology and product innovation in 2006, and as a result, we added 79 new clients and over 7,000 new users. We also invested heavily in our CRM and Client Support programs to help our clients drive user adoption and realize more value from the application, and we plan to continue to expand these programs in 2007.”

This announcement comes on the heels of QuickArrow’s December ’06 release, which added Subcontractor Invoice Reconciliation capabilities to support their clients’ Sarbanes-Oxley compliance initiatives, enhancements to their SOA supported Web Services interface, and further use of AJAX technology to enhance the application’s usability and performance.

About QuickArrow
QuickArrow offers the only PSA solution specifically designed to help billable service organizations achieve the visibility they need to optimize their services delivery. QuickArrow’s Software as a Service (SaaS) application fully integrates with leading SFA, CRM, and financial applications, replacing homegrown solutions and labor-intensive spreadsheets to automate workflows and streamline operations.

Worldwide, more than 22,000 users under contract and 250 services organizations spanning software, IT Services, management consulting, hardware, environmental, and healthcare count on QuickArrow every day to increase resource utilization, capture more billable hours and expenses, and enable more effective decision-making to drive top and bottom-line growth.

QuickArrow’s unqualified SAS 70 Type II certification and innovative Web Services API ensure reliability, flexibility, and data security for clients such as Salesforce.com, Borland Software, Symantec, Genesys, Informatica, and Proxicom. To learn more about the business impact QuickArrow can have on your organization, please visit www.quickarrow.com.

About ASPnews
ASPnews.com is the leading source of news and analysis for the Application Service Provider (ASP) and Web services industry and has been covering the sector since 1998. Part of the JupiterWeb media division of Jupitermedia Corporation, ASPnews has earned a global reputation among vendors, providers and their customers for the breadth and insight of its content.