OpenAir Achieves 44% Growth in Q2; Award-winning Professional Services Automation firm adds 28 new customers in the quarter

Business Wire, August 28, 2006

BOSTON -- OpenAir, Inc., the world's leading provider of Professional Services Automation (PSA) software announced today that it has achieved 44 percent revenue growth for the second quarter of 2006, while marking its 29th consecutive quarter of revenue growth and 11th consecutive profitable quarter. In addition, the company has remained cash-flow positive while investing in its outstanding growth.

According to OpenAir CFO Tom Brennan, OpenAir's financial position continues to strengthen. "OpenAir is committed to rapid, profitable growth, and our investments in growth are paying dividends as we continue to drive growth in revenue, employees and customers. The company is well positioned for a strong second half and a profitable, cash-flow positive year."

Highlights for the second quarter of 2006 include:

--OpenAir signed 28 new customers, ranging from large enterprise software companies to small consultancies and services firms of all shapes and sizes in between.

--OpenAir announced its first annual User Summit, to take place in Boston in November of 2006.

--OpenAir VP of Sales and Marketing Edward Marshall was nominated by the Massachusetts Technology Leadership Council as their "Executive of the Year".

--OpenAir was named by ASPNews to their "Top 25 Global ASP Providers" list for the sixth consecutive year, unmatched by any in the PSA field and tied with Salesforce.com and WebEx for the longest running recipient of the award.

About OpenAir

OpenAir Professional Services Automation (PSA) software enables professional services firms to gain controls and insight on their financial best practices. OpenAir empowers executives to track projects, teams, and billable hours for improving employee utilization and to streamline project management. OpenAir Consulting provides both expert deployment advice on the OpenAir product as well as Services Best Practices Consulting as part of the OpenAir Optimize(TM) Services Program. Relying on a team of former Bain, Cambridge Technology Partners and Mercer consultants, OpenAir has developed comprehensive programs for both the Software-as-a-Service (SaaS) deployment paradigm as well as for the services vertical industries. OpenAir has helped leading services organizations across six continents increase profits through the subscription-based solution. For additional information, visit www.openair.com.