QuickArrow Fast Track Continues – Adds 91 New Clients, Grows 38% in 2005, Records 9th Consecutive Quarter of Revenue Growth
Austin, TX – February 1, 2006... QuickArrow, Inc., a leader in On Demand Professional Services Automation solutions for Billable Services Organizations, announces a 38% revenue increase for the year ending 12/31/05, marking the company's 9th consecutive quarter of revenue growth.
“Our 91 newly added clients helped us experience significant revenue growth throughout 2005. We now have more than 18,500 subscribers worldwide,” said QuickArrow's CEO, Elizabeth Davis. “And 2006 is off to a strong start as well, with 10 new clients signed in January alone.”
“In addition to ease-of-use, newly signed clients consistently cite QuickArrow's consultative approach as a key factor in their vendor selection process,” said Kevin Bury, QuickArrow's Vice President of Client Relationships. “Existing clients frequently comment that through working with QuickArrow, they gain insight into everything from industry trends to best practices and measurement metrics,” Bury added.
Some of QuickArrow's newly signed clients include:
- Eloqua Corporation, the leading integrated demand-generation platform for marketers;
- Agile Software, helping businesses drive profits, accelerate innovation, reduce costs and ensure regulatory compliance throughout the product lifecycle;
- Forum Corporation, an award-winning global training and consulting firm; and
- Glasshouse Technologies, a global leader in independent storage services; and
- Wily Technology, a market-leading provider of enterprise application management solutions.
In its commitment to continually add value for its clients and the industry as a whole, QuickArrow launched several new services, initiatives, and product releases in 2005. Some of these include:
- The PSA market's first fully automated, online training curriculum;
- Numerous solution enhancements providing users additional visibility and insight into their project metrics and overall services operation;
- The implementation of a dedicated Client Success Team chartered with helping QuickArrow users maximize their usage of the Services Automation solution;
- Joining the Technology Professional Services Association (TPSA) as a founding member.
For 2006, QuickArrow is increasing its focus on providing educational offerings such as webinars, industry-relevant newsletters, and best practices training on enabling PSA Success. Some of the many solution releases planned for the year include enhancements to the company's exclusive Advanced Analytics Executive Reporting Tool, the release of the next generation Web-based reporting module, and bidirectional Web services API capabilities to enable integration with critical front- or back-office application.
About QuickArrow
QuickArrow is the leading provider of automation and management software for Billable Services Organizations. QuickArrow offers the first and only PSA solution specifically designed to streamline operations and provide visibility into all key operational metrics for Billable Services Organizations.
QuickArrow has received its second unqualified SAS 70 Type II certification. This certification demonstrates the company's commitment to the safety and security of clients' data and to the reliability of QuickArrow's service.
QuickArrow, a founding member of the Technology Professional Services Association (TPSA, www.tpsaonline.com), has more than 225 clients and 18,500 users worldwide, including IT services, software, hardware, environmental consulting entities, as well as management consulting, health care consulting and business services organizations. Clients include Borland Software, Eloqua, Genesys Telecommunications Laboratories (a subsidiary of Alcatel), Glasshouse, Macromedia, Responsys, Salesforce.com, and SPSS. QuickArrow is headquartered in Austin, Texas.
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