Press Release

October 23, 2003

OpenAir PSA solution Featured at NetGain 2003 Accounting Visionary Conference
Leading professional services automation software provider strengthens its partnership with Intacct’s Web-based professional accounting solution and value-added reseller network

Boston, MA (October 23, 2003) — OpenAir will present its vision of the Professional Services Automation (“PSA”) market at Intacct’s NetGain 2003 Accounting Visionary Conference today through October 25, 2003.

OpenAir is one of five featured partners presenting to Intacct’s E-Practice Partners, leading CPA firms and Intacct end users at the conference. The conference will take place at Hayes Mansion in San Jose, California.

“OpenAir’s Professional Services Automation solution has been a key product for me to present to my professional services customers,” said Seth Pomeroy of Rome Associates LLP (www.romeassoc.com), an Intacct E-Practice Partner. “We have had a great partnership with OpenAir and the solution has greatly benefited my customers.”

Working together with a network of 400 E-Practice Partners, OpenAir and Intacct have helped world-class companies such as Pearson & Company (www.pearsonbranded.com) and Jasculca/Terman and Associates (www.jtpr.net) boost profitability, automate business processes and gain insight into operational and financial metrics.

“OpenAir is an ideal product for the channel,” said Morris Panner, CEO of OpenAir. “The beauty of an integrated solution is that it provides a compelling ROI and solves the key business challenges facing today’s professional services firms and service organizations within larger companies.”

OpenAir and Intacct have offered their integrated solution—including synchronization of client and project data; transfer of billable time, expense and third-party product charges to accounts receivable; and transfer of reimbursable employee expenses to accounts payable—since 2000.

More information on the NetGain 2003 conference is available at http://www.intacct.com/press_releases_Q303_091603E.html .

About OpenAir
OpenAir is the Web-native professional services automation solution that helps consulting firms, independent software vendors, marketing services companies, and IT groups increase profits by optimizing service delivery and management. OpenAir lets customers capture additional billable hours, increase employee utilization, streamline project management, accelerate revenue, enhance collaboration, improve revenue recognition and project accounting, and share knowledge and best practices throughout the organization. OpenAir’s global customer base of over 600 companies includes Motorola, UAL Loyalty Services, Nationwide, CB Richard Ellis, Digitas, NEC companies Niteo Partners and Vibren Technologies, and Cablevision. For additional information, visit www.openair.com.

Contact
Brett Huff
OpenAir
Phone: 617-351-0234
bhuff@openair.com