Proposal Software Continues Strong SaaS Revenue Growth in 2011

WESTPORT, Conn. -- (BUSINESS WIRE) -- Proposal Software, Inc. (PSI), The Leader In Proposal Productivity™, and makers of PMAPS^® WebPro (Proposal Management and Production System) announced 2011 results that continue its systemic growth and leadership in the proposal management and production space globally. “SaaS revenues doubled in 2011,” said company CEO, John A. Laurino “which reinforces the underlying value of our On Demand and On Premises license subscriptions.” This reflects a combination of organic growth as our client/server customers are attracted to the enhanced features of the PMAPS WebPro product, as well as an increase in new customers by more than 25 percent.

Laurino added, “In addition, we have released two major upgrades of PMAPS WebPro since the beginning of 2011, making the latest upcoming release our 8^th since we introduced the product in 2009. Global enterprises continue to adopt PMAPS to manage their new business pipeline as it truly offers ‘best in class’ functionality with the most reliable and secure SaaS environment in the proposal space, while providing best ‘total cost of ownership’. Features like our PMAPS WebPro Mobile ‘App’ for any ‘SmartPhone or Tablet’ device, make a significant contribution to Sales Force Automation (SFA) immediately, while maintaining centralized content and brand control over any customer facing product collateral, sales proposal or presentation.”

Proposal Software Inc. (PSI) is the only organization exclusively focused on proposal management needs of any type for any company globally. It provides the best-in-class comprehensive and enterprise-enabled proposal management platform in more than 275 of the world’s largest and most successful financial services, asset management, healthcare, legal, business services, manufacturing and technology organizations over five continents. These companies rely on PMAPS daily to run their mission critical B2B new business processes from responses to ‘major account’ RFP/RFI/RFQ’s to everyday product and service sales proposal fulfillment. Additional information on PMAPS is available at www.proposalsoftware.com.