Severa Showcases Next-Generation Project Management Application at Project Challenge Expo 2009

LONDON--(Marketwire - September 21, 2009) - Severa Corporation, Scandinavia's leader in professional services automation and project management tools, will be presenting its award winning PSA solution Severa 3 at the Project Challenge Expo in London, September 30th - October 1st, 2009.

"Severa 3 was launched in April 2009 following the great success of Severa 2. Since then we have over 5,000 users in more than 90 countries," said Ari-Pekka Salovaara, CEO of Severa Corporation. "We'll be showcasing Severa 3 at the Project Challenge Expo. We aim to strengthen our hold on the UK market, where over 300 organizations are already experiencing the benefits of using Severa 3."

Severa 3 is a web-based tool that helps professional service organizations managing customers, projects, time and billing in a single application. The largest users include advertising agencies, IT and business consulting firms, law firms, engineering houses and architects.

Severa 3 is available online for any business organization to register and use immediately at no cost. Severa's free user account has no feature limitations and enjoys an intuitive user interface with a minimal learning curve. It's revolutionary one-click method provides quick access to the most frequently used functions such as adding customers, entering work hours or running reports.

According to a recent customer survey, 77% of Severa's customers attain more efficient invoicing and 71% produce more effective reporting by using Severa. Likewise, Severa's transparency with project data helps customers communicate business objectives, optimize resource allocation and reduce revenue leakage.

Since its founding in 2004, Severa has been recognized as one of the most promising IT companies in Scandinavia. In 2008, Severa received the Red Herring Global Winner Award. At the Sixth Annual International Business Awards in 2009, Severa 3 was a finalist in the "Best New Product or Service in Computer Software" category. Severa was also honoured as a "Most Innovative Company of the Year in Europe" finalist at the 2009 International Business Awards.

To experience Severa 3 for yourself, register your company's free user account today at www.severa.com. Companies based in London are welcome to join us at Project Challenge, in booth #42, for live product demos throughout the event.

About Severa

Severa Corporation is a leading provider of SaaS-based professional services automation designed to take the pain out of project management for small- to medium-sized businesses. Severa 3 is offered as an online application for verticals such as advertising agencies, IT and business consulting firms, law firms, engineering houses and architecture offices. Severa enables its customers to manage customers, projects, work time and billing more easily and efficiently with one system. Severa's transparency into project data helps communicate business objectives, optimize resource allocation and reduce revenue leakage. Severa has received the Red Herring Global 2008 Winner Award. For more information on Severa Corporation visit www.severa.com.

All trademarks contained in this press release are the sole property of their respective owners and are hereby acknowledged.

Contact Information: Press Contacts: USA: Victor Cruz, Principal MediaPR.net vcruz@mediapr.net Tel: +1 (401) 349-3369 Finland: Karoliina Caforio Communications Manager Severa pr@severa.com +358 45 127 5352