On-demand collaboration software provider also hires new VP of Sales to help scale rapid customer expansion

SAN MATEO, Calif. – January 14, 2008 – Clarizen, global provider of on-demand project collaboration software for businesses, was recognized by American Venture Magazine as one of 2008’s “Most Promising Start-Ups.” Clarizen was acknowledged for its market vision and leadership, solid corporate infrastructure and technology achievements for its Web-based tool allowing companies to manage an unlimited number of projects over the Internet. More than 350 emerging companies took part in the American Venture selection process, out of which 33 winners were chosen.

In 2008 Clarizen is poised to take advantage of what analysts are seeing as an expanding market:

  • IDC analyst Mark Levitt : “Business leaders are seeing a growing need to empower all members of project teams to become more informed, active and decisive collaborators. Clarizen’s on- demand project management solution addresses this business requirement.”
  • Guidewire analyst Chris Shipley: “The small-midsize business market is wide open for Clarizen right now, as they’re one of only a few companies offering a powerful and practical solution to the segment.”
  • THINKstrategies and the Cutter Consortium: More than a third of small and large businesses will adopt software as a service (SaaS) during the next year to help bolster activities such as project management and internal collaboration. About 80 percent of those considering it say they plan to adopt it within the next 12 months.

“Being named a Most Promising Start-Up validates Clarizen’s vision – and market potential – to provide businesses with a more powerful, collaborative way to manage projects over the Web,” said Avinoam Nowogrodski, CEO and co-founder, Clarizen. “With excellent traction with customers, a remarkable team in place and a market analysts view as ripe for the taking, 2008 promises to be a blockbuster year for Clarizen.”

Clarizen also announced today the appointment of new vice president of sales Guy Shani. Shani is responsible for Clarizen’s global sales including channel development and strategic partnerships. Shani brings over 10 years of experience in sales and business development to Clarizen.

Expanding the team was necessary to help scale Clarizen’s rapidly expanding customer base. Officially launching the commercial version of its software in October 2007, Clarizen emerged from a four-month beta period with over 3,000 companies registered to use its software and over 100 paying customers to date.

What customers are saying about Clarizen’s high level of collaboration and easy-to-use functionality:

  • “Simply put, the Clarizen solution has made our team members even more productive. The collaborative nature of the solution helps us work as a team to address and solve problems when they occur.” – Saleem Muneer, CEO, Catalyx Fluid Solutions, Inc.
  • “What I like most is the Clarizen interface – it’s simple and gives immediate visual clues that empower our employees to view key projects, drill into details, and align efforts across the entire value chain.” – Eric A. Doubell, President, Razorleaf Corporation.