BOSTON, MA--(MARKET WIRE)--May 24, 2007 -- OpenAir, the leading professional services automation (PSA) software provider, today reported results for the quarter ending March 31, 2007. Net revenue increased by 62% and pre-tax income increased by nearly 90% over the first quarter of 2006. OpenAir has now increased revenue for thirty-two consecutive quarters. The first quarter of 2007 also marked OpenAir's fourteenth consecutive quarter of GAAP profitability and the company continued to remain cash flow positive.

"We continue to invest effectively in growth while building on our already strong financial position," said OpenAir CFO Tom Brennan.

Growth was driven by the addition of several new customers as well as increased penetration into existing organizations.

"OpenAir has continued to add new and more diverse clients, validating our position as the clear leader in the Professional Services Automation arena," said OpenAir CEO Morris Panner. "I'm very proud of the benefits that we're able to provide for such a broad array of firms."

Other highlights for Q1 2007:

 
--  OpenAir surpassed 30,000 registered users utilizing their Professional
    Services Automation suite, growing 55% year-over-year
--  OpenAir announced the date for their User Summit 2007, to be held
    November 5-7, in Boston
--  OpenAir was named as CODiE Award finalist by the Software &
    Information Industry Association (SIIA) for the second year in a row
--  OpenAir was named one of the Fastest Growing Private Companies by the
    Boston Business Journal for the second year in a row
--  OpenAir was named to the ASP Top 25 Global Service Providers for the
    Seventh Year in a Row -- a record matched only by Salesforce.com and WebEx
--  OpenAir released nearly three dozen enhancements to its core PSA
    product, including powerful new reporting and presentation features.

About OpenAir

Based in Boston, OpenAir Professional Services Automation (PSA) software enables professional services firms to gain controls and insight on their financial best practices. OpenAir empowers executives to track projects, teams, and billable hours for improving employee utilization and to streamline project management. OpenAir Consulting provides both expert deployment advice on the OpenAir product as well as Services Best Practices Consulting as part of the OpenAir Optimize(TM) Services Program. Relying on a highly experienced team of former Bain, Accenture, Deloitte, Cambridge Technology Partners and Mercer consultants, OpenAir has developed comprehensive programs for both the Software-as-a-Service (SaaS) deployment paradigm as well as for the services vertical industries. OpenAir has helped leading services organizations across six continents increase profits through its subscription-based solution. For additional information, please visit www.openair.com.

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