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We view our Q3 momentum as a vote of confidence in our strategy and the value that BoardVantage provides to its customers.
Menlo Park, CA (October 31, 2005) — BoardVantage, the leader in secure portals for board work, today announced the addition of 15 new customers in Q3 along with a 100 percent subscription renewal rate of existing customers. Customer growth in Q3 2005 has been fueled by the introduction of key enhancements to the BoardVantage service including conferencing, surveys and the Corporate Secretary Toolkit. Today, BoardVantage has acquired more than 70 customers, 20 of which are in the Fortune 100. Many of these companies are in the financial services, consumer products, energy and technology sectors.
"We view our Q3 momentum as a vote of confidence in our strategy and the value that BoardVantage provides to its customers," said Joe Ruck, president and CEO, BoardVantage.
Demonstrating its continued commitment to customer-driven innovation, BoardVantage also launched the BoardVantage Leadership Circle, a forum for corporate governance professionals to discuss how to leverage technology to enhance board collaboration and streamline board communications. The group meets on a quarterly basis.
BoardVantage is the leading provider of secure board portals, with 175 customers — including over 20 Fortune 100 companies. BoardVantage provides a secure and user-friendly Web portal for centralizing board documents, processes and communications. It also provides productivity tools for creating and distributing board materials efficiently. BoardVantage is SAS 70 Type II certified, and meets or exceeds the standards of the most security conscious IT departments, including those of major financial institutions. To learn more, visit www.boardvantage.com.
Maria Krinsky
KickStart Consulting, for BoardVantage
415-509-0498
pr@boardvantage.com
