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Aria Systems Announces Unprecedented First Half 2008 Business Growth

Aria Systems announced that first half of 2008 results reflected unprecedented growth along several key company metrics, putting the company in the strongest financial position in its history while further solidifying and enhancing its market leader role in the Software-as-a-Service (SaaS) billing space.

PHILADELPHIA, Aug 06, 2008 — Aria Systems Inc., the industry standard and leading provider of on-demand billing and customer lifecycle management solutions, announced that first half of 2008 results reflected unprecedented growth along several key company metrics, putting the company in the strongest financial position in its history while further solidifying and enhancing its market leader role in the Software-as-a-Service (SaaS) billing space.

Beyond its own strong growth, based on perspective earned through its five year history in the market—and as the only player to have served the market this long—Aria Systems sees the entire SaaS billing market hitting a tipping point of wide-scale acceptance and overall acceleration.

On the financial front, Aria Systems reported a continuing streak of positive trends, including significant, across-the-board increases in key performance indicators.

A few first half-growth metrics stand out in particular:
—Over 6.4 million transactions were processed in the first half 2008, more than six times the level during the same period 2007.

—A client base (both “won and/or implemented”) that surpassed the “fifty” threshold earlier this month, including the addition of SlideRocket, Slipg8, and KingsIsle to the customer portfolio during the period.

Separately, as a lead indicator, the sales pipeline of qualified prospects grew to more than ten times the level attained during the same period 2007. To address this demand and the increase in sales funnel momentum, Aria Systems expanded its sales force and marketing team in the first half of the year. And, as part of a focus on even further improving the quality of the overall customer experience, account management and customer service teams were increased dramatically as well.

“We are extremely pleased with our financial performance, the quality of our work on behalf of our customers, our overall business momentum, and the very positive trend in the SaaS market for billing and customer life cycle management solutions,” said Edward Sullivan, president & CEO, Aria Systems. “The market has made it clear that the time is here, now, for both the SaaS space and Aria Systems’ role in leading it.”

About Aria Systems

Aria is the market leader in subscription and recurring billing solutions. Since 2003, Aria has managed over one million accounts in more than 195 countries. Aria’s Billing Platform is the billing industry’s most reliable, flexible and scalable on demand tool for accelerating revenue capture while significantly reducing operating costs. Additionally, having achieved end-to-end Level 1 PCI Compliance and SAS70 Certification, Aria Systems leads the market in security and compliance. Backed by Hummer Winblad Venture Partners, Venrock Associates and Dave Labuda, Founder and former CEO of Portal Software, Aria’s team of SaaS and billing experts are part of a company that billed over 2.5 million customers for $1 billion a year in transactions. Aria Systems is headquartered in Media, PA (metropolitan Philadelphia) and has offices in the San Francisco Bay Area (San Mateo, CA). Aria Systems has been ranked as the 5th fastest growing, privately held company in the Philadelphia region by the Philadelphia 100. For more information about Aria Systems, visit http://www.AriaSystems.com or call 1-877-755-2370.

Media Contacts

Joy Larkin
Marketing Director
jlarkin@ariasystems.com
484-234-8000 x226
http://www.AriaSystems.com
http://twitter.com/betterbilling