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Clarizen 2.0 release follows host of industry accolades and customer growth, offering revamped UI, usability enhancements and a range of new features

MOUNTAIN VIEW, CALIF. – March 20, 2008 – Clarizen unveiled today version 2.0 of its on-demand project execution software at Microsoft’s Under the Radar event in Silicon Valley, ushering in the “Era of Execution” for project management. Commercially launched in October 2007, this first major new product release of Clarizen’s software-as-a-service solution offers significant updates and new features.

Clarizen 2.0 is the only solution allowing users who are not necessarily professional project managers to go beyond planning and focus on the execution phase of their projects. Clarizen 2.0 also ensures that project information is always up-to-date by allowing users to report their progress simply by using email.

Since Clarizen’s launch in October, more than 120 paying customers and over 4,000 companies worldwide have signed on for the service – customers seeking a practical solution that offers much more than entry level web-based solutions, yet is far less complicated and expensive than MS Project.

Clarizen 2.0 offers significant updates and an array of new features such as a revamped UI, budget planning, export to Excel and much more.

“Many project management tools fail to address real business needs, focusing largely on planning, even though most projects fail in the execution stages. In addition, these tools target only professional project managers, failing to grasp that a vast majority of projects are led by those who are not project managers by profession. Clarizen 2.0 is the next step in our goal to provide a practical project execution tool to users of varying experience in businesses of all sizes,” said Avinoam Nowogrodski, CEO and co-founder of Clarizen.

The release of Clarizen 2.0 follows a number of industry accolades for Clarizen, which was recognized by American Venture Magazine as one of 2008’s Most Promising Start-Ups, selected as a Red Herring 100 Europe Finalist, and an Intranet Journal Product of the Year Finalist. In addition, Clarizen was selected for the Microsoft Startup Accelerator program and was chosen to present at the Graduate Circle of Microsoft’s Under the Radar conference, based on Clarizen’s innovation, marketability, growth potential and strong funding.

“Clarizen’s ease of use and focus on team adoption, combined with the powerful feature set for project execution, team collaboration and visibility is outstanding,” said Kevin Hart, principal of the Interlan Consulting Group, a Clarizen customer. “Clarizen is a key component in our ‘PMO On-Demand’ offering for large enterprises. With its low cost of ownership, built in support, and availability using the software-as-a-service model, Clarizen’s project execution tool was an easy choice for us.”