Unanet Technologies Announces 40% Year Over Year Growth Since 2004

Release of Industry-Leading Automation Software Expected to Drive Continued Growth

Unanet Technologies, (www.unanet.com) a leading provider of 100% Web-based Professional Services Automation (PSA) solutions for project-oriented and services organizations, reported today a year over year growth of 40% for the past two years. Fueling this year-over-year increase is their industry-leading automation software, Unanet PSA.

CEO and President Frances Craig remarked that Unanet’s rapid growth is right on track. “Our customers are also our development partners. They tell us what they need and they frequently work with us to build those innovative features into our product,” says Craig. “At the top of everyone’s list has been expanded real-time business intelligence capabilities, and that’s what we have worked to deliver in enhancements to the Unanet software over the last several years. Enhancements include an automated collection of Estimated To Complete (ETC) hours, revenue recognition, ad hoc reporting and earned value management reports.”

With widespread customer acceptance of the full Unanet PSA suite increasing, Unanet acquired 120 new customers over the last two years. Demand is greatest in the government contractor market and the internal IT and engineering services organizations of large corporations, where the software is considered invaluable in their ongoing efforts to streamline business processes. The past two years have been tremendous for Unanet on all fronts. Craig expects Unanet’s market and leadership position to expand in the foreseeable future.

“We are fully committed to answering the business needs of new customers as well as our existing customer’s with even faster, more flexible and easier-to-implement Web-based business management software,” says Craig.

Unanet customers include numerous Fortune 100 corporations, major consulting firms and more than a dozen organizations on the latest Washington Technology 100 list of leading government contractors. For more information on the Unanet PSA software, please contact Unanet at (703) 689-9440 or visit www.unanet.com.

About Unanet Technologies

Unanet Technologies is a leading provider of 100% Web-based Professional Services Automation (PSA) solutions – timesheets, project management, resource management and expense reports – for project-oriented organizations.

Unanet’s single-database approach to managing people and projects has been adopted by over 370 customers nationwide, supporting over 200,000 users within their organizations. The Unanet client list includes Fortune 500 companies, advanced technology manufacturers, consulting organizations, professional staffing firms, system integrators, software vendors, agencies and departments at all governmental levels, government contractors, corporate IT and other internal support organizations. Further information on Unanet Technologies can be found at www.unanet.com