FOR IMMEDIATE RELEASE

Economic pressures lead to 200% increase in new customers of a leading SaaS project management software provider

In a troubled economy, organizations look for new technologies to improve productivity.  These companies are increasingly turning to a VCSonline project management SaaS offering, VPMi Professional.  VCSonline has reported a 200% increase in new customers this year and expects growth to continue with a new version which includes Microsoft Project integration, supply & demand resource forecasting, dashboards, earned value, and customer billing at a price well below similar competitive offerings.

St.  Louis, Missouri - 11/21/2008 – VCSonline has reported a 200% increase in new customers of their online project management service, VPMi Professional.  The popularity of the Software-as-a-Service (SaaS) project and team collaboration solution has been credited to the growing number of companies looking to integrate customers, suppliers, and employees without the overhead of travel, long meetings, and added support staff. 

To further accelerate the adoption of the service, VCSonline has announced the immediate availability of VPMi Professional 4.0, which now includes: Microsoft Project 2007 integration, supply & demand resource forecasting, digital dashboards, earned value, customer billing, and Project Gantt reporting.  Companies can begin using the software immediately with no servers to setup, software to install, or reports to configure.  Companies are billed month to month for a low cost per user and there are no contracts to sign or minimum user counts to maintain.

"For 10 years the VPMi Professional has always been a simple, sensible, and supportable alternative for project management," said VCSonline co-founder Nick Matteucci.  "With this latest upgrade we streamlined team collaboration and introduced dashboards throughout to cut down on meetings and project administration.  With budgets tight and energy costs spiraling, people are looking for new ways to improve productivity while eliminating travel costs and overhead.  When they see how easily they can manage projects and the supply and demand of their resources, the response is overwhelming.  When they realize we can exceed their expectations at a fraction of the costs of our competitors, they vote with their feet."

"With the new version of VPMi Professional, there is a virtual home and role based toolbox for everyone," notes VCSonline co-founder Jeff Pupillo.  "Never before have we seen a project management package offer so much with so little investment of time and money.  The new version really opens up project management to the masses that previously was only available to the wealthiest companies and only usable by certified professionals.  These growth numbers really speak for themselves."

"SaaS adoption is highest in applications that support simplified, common business processes or large, distributed virtual workforce teams," said Sharon Mertz, research director at Gartner.  "Ease of use, rapid deployment, limited upfront investment in capital and staffing, plus a reduction in software management responsibility all make SaaS a desirable alternative to many on-premises solutions, and they will continue to act as drivers of growth."

About VCSonline

Founded in 1998, VCSonline is a St.  Louis based Software-as-a-Service (SaaS) provider of web-based project and resource management solutions.  VCSonline solutions are used by Fortune 500 companies and Fortune 5,000,000 companies that aspire to reach their full potential through web-based project management best practices.  Enterprise clients include Scottrade, Express Scripts, 1-800-Flowers.com, EDFUND, AHA, Guitar Center, and other leading companies and associations.

About VPMi Professional v4.0 - SaaS Edition

VPMi Professional is an all-in-one web-based project portfolio management solution allowing companies to form virtual teams while simultaneously decreasing meeting costs and project overhead.  The software is available via the Internet for a small monthly fee per active user and there are no additional costs.  Core features include projects, programs, workplans, timesheets, documents, issues, changes, risks, status reports, and financials.  The latest version further adds resource management, dashboards, Microsoft Project integration, Gantt views, and allows for profit and loss reporting for billing.

Media Contact Info:

Greg Tilley
VCSonline
P.O.  Box 280
St.  Louis, MO 63088-0280
Phone: 636-391-7087
Email: news@vcsonline.com
Web: www.VCSonline.com