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Date Posted: 7/31/2007

Razorsight Joins Kintera Connect(TM) Partner Program


Strategic Alliance Enables On-Demand Spend Management Solutions to Help Maximize Non-Profit Operational Success
 
 
FAIRFAX, Va.--(BUSINESS WIRE)--Razorsight Corporation, a market leading provider of on-demand financial business intelligence and spend analytics software, today announced it has entered into a strategic partnership with Kintera (NASDAQ:KNTA - News), the leading provider of software as a service (SaaS) to the non-profit and government sectors. Under the terms of the agreement, Razorsight will join the Kintera Connect(TM) Partner Program, incorporating robust web-based invoice automation and analytics into a fully integrated accounting solution available to Kintera's more than 4,000 customers.

Razorsight's market leading spend analytics, invoice automation and paper processing elimination, combined with robust data analysis capabilities, will provide significant cost-benefits to organizations utilizing Kintera FundWare® fund accounting software. The combined solution will enable non-profit organizations to quickly capture and eliminate paper invoices by converting them into an electronic format and leverage the data captured to obtain a better view of their spend management. A powerful companion analytics tool will allow organizations to have a complete holistic view into their accounts payable and accounts receivable operations to leverage and utilize the data to further gain efficiencies.

"Razorsight was an integral partner for the Kintera Connect program when it came to a complete solution capable of transforming accounting functions through on-demand automation and analytics that deliver measurable cost savings," stated Steven Johnson, Vice President of Channels for Kintera, Inc. "The Razorsight platform shares Kintera's open development approach that enables organizations to fully extend their current technology investments for maximum ROI."

"As one of the most established and fastest growing sectors, the non-profit community needs a fully synchronized and automated approach to its invoice and billing systems that drive, rather than impede operational success," said Razorsight CEO Charlie Thomas. "When we looked at Kintera, we knew that their shared SaaS model and focus on technology performance was a perfect match for our on-demand financial business intelligence software and we look forward to mutually serving their rapidly expanding client base."

About Kintera, Inc.

Kintera®, Inc. (NASDAQ:KNTA - News) provides software as a service to help organizations quickly and easily reach more people, raise more money and run more efficiently. The Kintera Sphere® technology platform empowers The Giving Experience(TM), and features a social constituent relationship management (CRM) system, enabling donor management, e-mail and communications, Web sites, events, advocacy programs, wealth screening and accounting.

For more information about Kintera software and services, visit www.kintera.com.

Kintera, Kintera Sphere, Kintera Connect and The Giving Experience are either registered trademarks or trademarks of Kintera, Inc. in the U.S. and/or other countries.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements (including, without limitation, express or implied statements regarding the growth in the market for software solutions designed for nonprofit organizations) that involve risks and uncertainties. These forward-looking statements represent our estimates and assumptions only as of the date hereof. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation: our limited operating history; our history of losses; our dependence on increased acceptance by nonprofit organizations of online fundraising; lengthy sales cycles for major customers; our need to manage growth; our ability to market new products and enhancements; risks associated with accounting for and processing large amounts of donations; the rapidly changing technologies and market demands; and other risks identified in our filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on these forward-looking statements.

About Razorsight

Razorsight (www.razorsight.com) is the market leader in on-demand business intelligence for finance executives, providing rich spend analytics and automated invoice processing. Razorsight's Software-as-a-Service (SaaS) provides a new level of visibility into corporate expenditures through advanced technology which automates the manual process of receiving, validating and auditing invoices in any format. Razorsight captures detailed data from invoices, contracts and other sources of information to provide business intelligence that significantly reduces operating costs and enhances Sarbanes-Oxley compliance. Razorsight's web-based software is easy to install, requires no capital investment, is highly scalable and proven to save money. Razorsight's solution is installed at numerous Fortune 500 companies. Razorsight is based in Fairfax, VA and has offices in St. Louis, MO and Bangalore, India.



 
 


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