Sharp Customer Growth Continues for On-Demand Software Company eProject
More than 80 Corporate Customers Added in Q107 on Heels of 125% Growth in 2006

SEATTLE -- May 14, 2007 -- eProject, the on-demand leader in collaborative project and portfolio management (PPM) software, today announced dramatic continued growth in customers and licenses during the first quarter of 2007. Companies in a wide variety of vertical markets - including healthcare, government, education, construction, media, sports and entertainment, telecom, financial services and manufacturing - were among those who purchased eProject's award-winning collaborative project management platform PPM6 last quarter. eProject now counts more than 650 customers and 100,000 individual users worldwide.
 
eProject also announced today $12 million in new financing (please see press release entitled, "eProject Adds $12 Million in Series B Financing to Fuel Continued Growth").

Recent customer wins include Dell, Edelman, Kimball Electronics Group, LifeTime Fitness, Moore Capital Management, the City of New York, QUALCOMM, SAVVIS Communications, Stop and Shop Supermarkets, Stanley Associates, Sun Country Airlines, United Bank, Verizon and The Washington Post. eProject customers are also increasingly embracing its unique Dynamic Applications capabilities to quickly add customized functionality to PPM6.

"It's becoming very clear that we are offering the right kind of solution at the right time," said Jeff Pancottine, CEO of eProject. "We have continued to see strong interest in PPM6 from companies large and small that are seeking specific capabilities which map directly to our strengths, including having a no-risk, easy-to-deploy on-demand solution as well as a flexible technology platform that can be quickly configured to fit virtually any business situation. The days of traditional packaged software within project and portfolio management are on the decline as companies acknowledge the benefits of hosted webware that can be customized in literally hours."

PPM6 is attracting a new breed of business user who demands that their software have the simplicity of Web tools like Google Apps, and expect that they can purchase and use these tools immediately - without interference from or reliance on internal IT staff.

"We originally planned to deploy a package based portfolio management solution, but we realized it was going to require a significant effort to implement, and the total cost of ownership was prohibitive when we factored in maintenance, infrastructure costs, consulting expenses and additional headcount," said Madeleine Kerr, Director of IT at C&S Wholesale Grocers, a $21 billion grocery warehouse and distribution services company with more than 20,000 employees. "The on-premise solution was a very expensive proposition which required a long-term, phased approach offering little value even after six months. With eProject, we've been able to rapidly deploy the product to all employees, and immediately realize value in terms of improving our visibility into the project portfolio, understand the time we're spending on projects and improve the overall project management process. We're also experiencing great success in using eProject's Dynamic Application functionality to create customized applications which are improving many fundamental day-to-day processes within our IT department, such as our change control process. We plan to expand eProject into other areas of the company as well."

About eProject

eProject (www.www.eproject.com) is the on-demand leader in collaborative project and portfolio management (PPM) software. Companies of all sizes are embracing eProject's flexible, Web platform to improve day-to-day business processes and help employees get their jobs done faster. Unlike installed project management software, eProject's solution is deployed with little to no IT involvement or management, and enables business managers to create highly customized Dynamic Applications on the fly within a single on-demand platform. eProject counts more than 650 customers and 100,000 individuals at companies such as BASF, BP, Chase Paymentech, Cushman and Wakefield, Dell, Fidelity, Honeywell, Merrill Lynch, Sprint/Nextel, QUALCOMM and RealNetworks. The company is funded by Bay Partners and Kennet Partners.

Contact:

LaunchSquad
Jason Mandell or Carolina Helmick, 415-625-8555
eproject(at)launchsquad(dot)com