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Press Release
QuickArrow Attains Profitability
Software Company Reaches 8000 User Milestone
Austin, TX. - August 27, 2004...QuickArrow, the market leader in on-demand Professional Services
Automation (PSA) solutions, announces financial profitability today. The combination of three recent
releases of its managed solution and the attainment of over 8000 users has lead to significant growth
and profitability.
“The introduction of our Advanced Analytics Executive reporting tool and three new releases of our managed
PSA solution over the last six months have helped fuel our significant growth”, says Elizabeth Davis, CEO
of privately held QuickArrow. “Reaching profitability and 100% client retention gives us the foundation
we need to continue providing leading-edge PSA solutions and gain market share,” Davis added.
The QuickArrow suite of managed services allows billable services organizations to streamline their
business operations while providing unprecedented visibility into key business metrics. “By using
QuickArrow’s solution, services organizations can automate their business processes and increase
visibility into all aspects of their operations.” explains Joe Aragona, a General Partner with Austin
Ventures, an early investor. “QuickArrow's exclusive focus on automation solutions for billable services
organizations continues to make them one of the dominant players in the PSA industry,” he explains.
The QuickArrow managed solution has been adopted by many service organizations spanning multiple
industries including IT services, software, hardware, and management consulting. Some of QuickArrow’s
newest clients include Autodesk, Borland, RightNow Technologies and DoubleClick.
About QuickArrow
QuickArrow is the worldwide leader in on demand professional services automation (PSA) solutions for
Billable Services Organizations. QuickArrow is the first and only professional services automation (PSA)
solution designed and developed exclusively to help these organizations streamline their business
operations while providing unprecedented visibility into key business metrics.
More services organizations trust the day-to-day management of their business to QuickArrow than any
other PSA company. With over 8,000 users worldwide, QuickArrow has emerged as the preferred PSA solution
for Billable Services Organizations of all sizes. QuickArrow’s software has been adopted by service
organizations spanning multiple industries including IT services, software, hardware, environmental
consulting, management consulting, and health care consulting.
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