Axium Implements 300 New Ajera Clients and Targets a 40% Year Over Year Revenue Growth

July 10, 2006 – Beaverton, OR – Axium, a developer of innovative financial and project management solutions for the architectural and engineering (A/E) industry, today announced that over 300 new clients have been implemented on Axium's Ajera software. Securing over 300 clients puts Axium on target for a 40% year over year revenue growth, making 2006 the most profitable year to date. Axium's growth is a direct result of the success Ajera clients have achieved from using the software.

Developed with the end user's perspective in mind, Ajera is a flexible and easy-to-use solution for growing A/E firms that have been forced to manage their business with expensive, complex systems, or a combination of disconnected office tools. Ajera is the result of 20 years of knowledge and experience in the A/E industry. Built from the ground up on the foundation of Microsoft's .NET and SQL technology, Ajera has a unique data structure and workflow process that helps firms streamline business processes, capture project management information in real-time, and improve firm-wide management.

"[With Quickbooks] project reports were not available to the PM's. As a result, accounting had to create Excel spreadsheets to track billed totals," says Nancy Dodge, Controller of Myhre Group Architects. "With Ajera our PM's can see in real-time earned values as accrued against their budgets."

Myhre Group Architects, a provider of architectural, planning, and interior design services, used Axium's Ajera to help manage productivity during an approximate 400% growth in the last two years. Myhre Group Architects started using Ajera with 30 employees and has grown to 110 employees today. Implementing Ajera allowed them to streamline their billing processes and gave them the flexibility they needed to grow.

One of Ajera's key strengths is the single point of entry for all financial and project information. This eliminates duplicate entry and provides comprehensive reports directly from the Dashboard. Ajera also helps streamline business processes by automating time entry and having it directly posted to a project in real-time. This allows project managers immediate access to the hours billed to their project, letting them review and edit quickly and thus ensuring that billing is processed efficiently.

Capturing and reporting project information is often difficult, complex, and time-consuming. Ajera's Dashboard provides easy access to daily tasks and real-time information needed to increase productivity. The Dashboard allows users, depending on security level, to see the information they need without running a report or searching through multiple menus. Ajera's powerful capabilities allow users to quickly customize tasks, projects, and reports to meet their specific needs within the firm. Ajera also provides extensive drill-down capabilities for just the right level of information within project control, time capturing, billing and invoicing, and reporting.

"We continue to work with our clients to ensure we develop features and functionality that will improve their productivity and increase their growth," says Cathy Mills, Chief Sales and Marketing Officer of Axium. "We are excited about our future and the growth opportunities we have with our upcoming Ajera releases."

Axium's Ajera integrates financial accounting with project management to help firms effectively manage their business processes. Ajera encompasses key business functions and tasks to help firms capture billable hours, increase employee utilization, streamline project management, increase revenue and profits, and empower their overall success with new business opportunities.

About Axium
Founded in 1984, Axium (www.axiumae.com) develops award-winning accounting and project management software solutions for the architectural and engineering industry. Axium's number one priority is our clients' success. We are dedicated to developing innovative software and providing exceptional service in every way. Our 20 years of experience in the A/E industry allows us to provide comprehensive, integrated solutions to easily manage firms the same way they conduct business project by project. Axium moves beyond generic accounting products to provide a range of accounting and project management solutions to improve productivity, increase profitability, and empower success.

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