Projity record quarter: new subscribers include BearingPoint, Tyco Intl. and Corning

Project-ON-Demand subcriptions grew at over 70% for the quarter. The rapid expansion includes new subscribers BearingPoint, Tyco International and Corning. Projity also announces new subscribers from Asia, Europe, Australia and South America.

SAN MATEO, CA, July 1, 2007— Projity's SaaS project management solution, Project-ON-Demand, continues to rapidly become a SaaS standard for project managers around the world. The Projity team has announced another record sales quarter with growth exceeding 70% for the fourth straight quarter. Project-ON-Demand is gaining momentum with the addition of large and small business subscribers from around the world. “Projity is very satisfied with the record quarter. This builds upon sequential record quarters and the addition of subscribers from Europe, Asia, Australia and South America. This is tremendous validation of the Project-ON-Demand solution and Projity business model. Projity saw strong growth in all market segments and is pleased to announce BearingPoint, Tyco International and Corning as new subscribers this quarter” noted Projity CEO, Marc O'Brien.

Projity is the leader in the SaaS project management industry. Project-ON-Demand has great appeal for both small-medium enterprises (SME) and also large multi-nationals. The SME market benefits as there is no manual installation or IT support requirements. Project-ON-Demand is available for immediate usage by simply logging in at http://www.projity.com and Projity's monthly billing model has a tremendous benefit for cash flow. The SaaS model also has great benefits for large organizations. Project-ON-Demand is available anytime/anywhere so large organizations can work together on their projects anywhere around the world. The strong value proposition for both groups was evident with the strong adoption in both areas. Projity added subscribers this quarter from around the world including: CHS (Chile), Magnet (Ireland), Online One (Australia) and many other North American and International SME customers. “Magnet has successfully entered the tough Irish ICT marketspace, providing innovative integrated solutions. Project-ON-Demand was selected as the standard PM software tool as it was the clear choice give our criteria required; Microsoft Project compatibility, scalability and remote access. Projects-ON-Demand exceeded our original expectation during our trial period, as a result Magnet has now adopted Projity's solution as our standard project management Software" noted Peter O'Connor of Magnet Ireland. Projity also saw strong growth with the larger organizations, this was evident with the addition of BearingPoint, Tyco International and Corning as Projity subscribers this quarter.

Projity is taking a leadership position in the SaaS project management marketplace. Project-ON-Demand has equivalent functionality with Microsoft Project and can simply open existing Project files. The Projity team is dedicated to delivering value, the adoption continues to accelerate as noted by new subscribers that span the globe. The Project-ON-Demand solution is available at http://www.projity.com for a simple monthly subscription. Projity's pricing is $19.99/month for power users and $7.99/month for lite users. There is a free 30 day trial for up to 20 users.

About Projity:

Projity is a Silicon Valley and French company with headquarters in San Mateo, California. Projity also has offices in Paris, France and India. The company founders have been instrumental in the development of the project management software industry, dating to the mainframe and DOS solutions. Projity was founded on the premise that a hosted, cross platform alternative delivered on a simple monthly subscription was required for teams.   There are currently over 100 companies using Project-ON-Demand to manage their projects. There has been tremendous worldwide interest with users in China, Russia, Philippines, Sri Lanka, Malaysia, India, Korea, Japan, Canada, Mexico, Honduras, Peru, Brazil, Argentina, Chile, South Africa in addition to the many U.S. and European companies.  Projity's has released, Project-ON-Demand, a complete replacement of Microsoft Project and other desktop solutions. The Projity business model is similar to Salesforce.com and equally disruptive to existing software vendors. A key common feature: replacing entrenched solutions that are costly and complex with an equivalent alternative delivered over the Internet on a simple monthly subscription

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Projity and Project-ON-Demand are trademarks of Projity Incorporated. Other names used may be trademarks of their respective owners.