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Press Release
QuickArrow's Profitability Allows Company to Make Sizable Investment in Austin
Austin, TX. - September 8, 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.
As a result, the company plans to increase its staff by 25% over the next six months.
“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 maintaining 100% client retention gives us the
foundation we need to continue enhancing our industry-leading PSA solutions and gain market share,” Davis
explains. The company also plans to make a sizable investment in its Austin data center.
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.
“QuickArrow will host a user’s conference here in Austin in Spring 2005,” says Kevin Bury, QuickArrow’s
VP of Sales and Marketing. “Considering our more than 8000 users and our projected growth, this conference will
have a positive impact on Austin. During the conference our users will have the opportunity to provide input on
the further development of the QuickArrow suite of on-demand PSA solutions.”
The QuickArrow managed solution has been adopted by a wide range of service organizations spanning
multiple industries. Some of QuickArrow’s clients include salesforce.com, Perficient, HyPerformix, Autodesk,
Borland, 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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