Severa Picked # 4 in Deloitte's Technology Fast 50 With 1,300% Growth

NEW YORK, NY--(Marketwire - November 9, 2009) - Severa Corporation (www.severa.com), a leader in professional services automation and project management tools, received 4th place in Deloitte's Technology Fast 50 program with a staggering 1,304 percent revenue growth achieved in the last five years.

The Technology Fast 50 is a subset of the Technology Fast 500 program, and ranks the fastest growing technology, media and telecommunication companies in Finland based on a five-year relative growth in revenue.

Technology Fast 50 program identifies promising technology companies, and Severa's inclusion in the top ranks is especially noteworthy because Severa's superb growth was generated exclusively from internal financing without outside investors or private equity.

"We're honored to receive such a high ranking by Deloitte Fast 50, and we'd like to thank our customers for making it possible," said Ari-Pekka Salovaara, CEO of Severa Corporation. "I believe we'll continue to grow at a healthy pace as new users find our service and realize the benefits it brings to their businesses. Many small- and medium-sized professional services organizations, the SOHO and the SMB, don't have a handy tool for project management and services automation. The lack of an adequate system can be crucial. By automating everyday routine office procedures, they find Severa an easy solution that frees up more time for core business essentials."

Severa is used in more than 6.000 companies worldwide because it helps to ensure profitability. It simplifies project management, automates billing processes, optimizes resource utilization and eliminates revenue leakage. Severa is offered as an online application for verticals such as advertising, IT and consulting agencies, engineering houses and architecture firms. And, every company is granted one free user account with no time limitations.

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, consulting, law firms, engineering houses and architecture firms. 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.

For more information on Deloitte Technology Fast program please visit their web site at www.deloitte.com/view/en_GX/global/index.htm

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