Daptiv Delivers Strong Customer Growth in Q1 Despite Economic Downturn

Continued Momentum for SaaS Leader Highlights Increasing Market Demand for Software That Can Be Integrated Quickly and With Limited Upfront Risk and Investment


SEATTLE, WA--(Marketwire - May 4, 2009) - Daptiv, the on-demand leader in collaborative business software, experienced continued strong business growth through Q1 of 2009, highlighted by the addition of more than 40 new customers, the release of Daptiv PPM Spring '09 Edition and the receipt of the ISO 27001:2005 certification, an internationally recognized information security standard that very few SaaS companies have been awarded. As companies must meet quickly changing market conditions, they are continuing to embrace the flexibility of on-demand software and selecting Daptiv to gain visibility into everyday work and ensure that it aligns with strategic business priorities.

During Q1, Daptiv added more than 40 customers from around the world including American Express, American Tower Corporation, BMC Software, Dresser-Rand, EMF Broadcasting, Epson America Inc., Farmers Insurance, GE Healthcare, Hidalgo County, Intellectual Ventures, Jackson Healthcare, United Technologies and Virgin America, among others. Daptiv continues to experience strong growth around the world, and new customers from international markets include Atos Origin SA (France), Boeing Defence Australia and Grupo InverDesarrollos (Mexico), among others. Over 20 percent of Daptiv's customers are headquartered internationally.

Daptiv also launched Daptiv PPM Spring '09, featuring significant enhancements to its Gantt capabilities, which work in tandem with Daptiv's core solution to enable managers and team members to visually plan, control and track work to get it done on time and under budget. Additionally, in further acknowledgment of Daptiv's commitment and ability to protect its customers' data, as well as the general security and reliability of the Software-as-a-Service model, Daptiv has attained the ISO 27001:2005 certification.

"Companies are realizing that, given the current market conditions, they can't afford to not have visibility into the work that takes place across their organization and use that insight to quickly inform strategic business decisions," said Jeff Pancottine, CEO of Daptiv. "Now more than ever, organizations need Daptiv to enable them to get secure, real-time information and reports so that they can plan and adjust on-the-fly to stay nimble and smart through tough times. We've seen steady adoption from a wide range of companies in all industries and from around the world, and are seeing great interest and excitement around our recently introduced innovations, including Work Intelligence™ and our Greenhouse customer community."

Daptiv is dedicated to providing focus and insight into the difficult-to-track initiatives and processes across departments, from marketing and HR to IT and finance. This is achieved through Daptiv PPM, an on-demand collaborative business solution that provides a single, central system of record and delivers an easy way of planning, executing, tracking and reporting on work across organizations. Daptiv's Work Intelligence™ gives managers, staff and stakeholders complete visibility into the project pipeline and day-to-day work activities through drill-down reporting, drag-and-drop dashboard creation and data visualization: helping them to align work with strategic priorities, make better decisions and execute to get superior business results. Daptiv PPM has earned numerous accolades for its ease-of-use, flexibility and quick time-to-value.

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 Virgin Blue. For more information visit www.daptiv.com.

Contact Information: Contact: Monica Miller or Zoe Vandeveer LaunchSquad 415-625-8555 daptiv(at)launchsquad(dot)com