eProject Becomes Daptiv: A New Software Brand Delivering Better Ways to Collaborate

Business Wire, Nov 12, 2007

Expanding from Established Portfolio and Project Management Base, Daptiv Positioned to Lead in On-Demand Enterprise Collaboration

SEATTLE -- Daptiv (www.daptiv.com), an on-demand leader in collaborative business software, today officially debuted its new brand, creating Daptiv and jettisoning its original moniker, eProject. Still offering the most complete on-demand collaborative project and portfolio management (PPM) platform, the Daptiv brand name signals the company's evolution in providing premier enterprise collaboration and management solutions. Along with the new identity, Daptiv also announced a significant product release today with its Fall '07 Edition. For details, refer to the press release, "Daptiv Introduces Work Intelligence: Helping Enterprises Get Stuff Done Better, Faster and Smarter."

Founded in 1997 as eProject to pioneer the software-as-a-service (SaaS) model in collaborative project management, Seattle-based Daptiv has evolved alongside its customers over the last ten years. Daptiv's new name and fresh look reflect the company's on-demand, flexible style and wide range of uses for its software beyond the scope of traditional PPM.

"It was a priority that our name and brand match the company's vision of innovation and emerging market leadership," said Jeff Pancottine, CEO of Daptiv. "We believe that the name Daptiv captures our commitment to providing premier on-demand project, portfolio and work management across the enterprise. While eProject fit the company well for many years and helped us become a leader in on-demand project management, the category no longer accurately represented the breadth of our offerings and value being delivered to our global customer base. To us, Daptiv means fast, flexible, dynamic, detailed, and most importantly, it marks us as a company that's committed to adapting hand-in-hand with our customers to use the latest technologies to improve the inner workings of their businesses."

As part of this evolution, Daptiv is building on its project management expertise and has introduced the concept of 'Work Intelligence:' helping companies manage, analyze and understand all the work done in the enterprise. Essentially, Daptiv provides the best possible overlap of established project management, business intelligence capabilities and easily customizable dynamic applications. From managing an IT portfolio, and new product development, to business operations and service delivery, Daptiv's on-demand solutions streamline employees' day-to-day interaction and collaboration while dramatically reducing the complexity of managing multiple teams, projects and tasks.

The introduction of the Daptiv brand also marks a period of strong growth and customer adoption for the company. Through the first three quarters of 2007, Daptiv bookings have increased 67 percent over the prior year, and Daptiv has added more than 200 customers. In the third quarter alone, 67 new organizations signed on with Daptiv, including ATA Airlines, Chanel, Farmers Insurance HelpPoint, Keystone Foods, Ohio State University and Yellow Book.

About Daptiv, Inc.

Founded in 1997, Daptiv is the on-demand leader in collaborative business software that enables companies of all sizes to transform their mid-office business operations. From new product development to operations and service delivery, Daptiv's on-demand solutions streamline employees' day-to-day interaction and collaboration while dramatically reducing the complexity of managing multiple teams, projects and tasks. Daptiv also gives executives unparalleled visibility into project, program and portfolio execution, as well as the ability to measure progress against key business priorities. Daptiv's flexible environment easily adapts to the work management needs of any department - from IT and finance to marketing and human resources - with an intuitive user interface, point-and-click system configuration and fast creation of forms, reports and alerts. Based in Seattle, Washington, Daptiv has already transformed the mid-office for more than 700 customers and 100,000 individuals at companies such as BASF, BP, Cushman and Wakefield, Chase Paymentech, Honeywell, Merrill Lynch, Sprint/Nextel, Blue Cross and Blue Shield of Kansas City and RealNetworks. For more information visit www.daptiv.com.