New Hosted Online (SAAS, ASP) software exceeds expectations for DOVICO Software

Moncton, New Brunswick (January 22, 2007) - DOVICO Software announced today the rapid success of its Online Hosted (SAAS, ASP) revenues for their project time and expense tracking software, DOVICO Timesheet(TM). This newly released time tracking software product, in combination with an online delivery method, has prompted the company to focus additional Sales, Support and Marketing resources to this venture much earlier than anticipated, with the immediate future requiring additional staff.

“This greatly improved project tracking software is really driving the increased activity at DOVICO. That’s no surprise, but the number of new clients we’ve gained because of our Hosted Online solution is unexpected as we’ve done very little to promote this aspect of our software so far.” said Yves Doucet, CEO and Partner at DOVICO.

With the never-ending complexity and in-house knowledge required to install, secure and maintain software, companies are looking for simpler implementation alternatives when purchasing time and expense tracking software. “By delivering DOVICO Timesheet from our Web Servers, clients no longer need to concern themselves with all these technical complications. Companies can focus on increasing profitability and efficiencies from using our software rather than wasting energy and inevitable implementation delays on making sure they have a state-of-the-art server or have the latest security patch from Microsoft.” said Mr. Doucet.

Although not a new concept, accessing software applications from 3rd party computer servers is gaining corporate acceptance as previously justifiable concerns about privacy, security and down-time have been overcome. This delivery method, also known as Application Service Provider (ASP) and Software as a Service (SAAS), relieves the individual companies from all the headaches and roadblocks of installing software. Some clients have even admitted selecting the Hosted solution to bypass already resource drained IT departments.

Although highly beneficial for small companies wanting to outsource the technical aspects of installing and maintaining the application, many larger companies have also opted for the Hosted Solution. “We make sure everything is up-to-date and secure, that’s essential no matter how big you are. We’ve even had 2 large and long-standing clients switch from their installed version to our Hosted Solution.” said Mr. Doucet.

About DOVICO Timesheet
DOVICO Timesheet is a powerful time management software solution that monitors project costs, employee timesheets, and expenses. This performance management software has been tested and proven globally by successful companies for workforce automation. Whether you’re a leader in your field today or just on your way to becoming one, DOVICO Timesheet can help increase your profits and provide improved project control and timesheet management. Integration to Intuit QuickBooks, Microsoft Office Project and compliancy with SOX and DCAA are included.

About DOVICO:
DOVICO Software is a software development leader that provides proven project time and cost saving solutions. Established in 1989 in response to the emerging global demand for improved operating efficiency, our time and project tracking software products have been embraced by thousands of the world’s best-known companies such as Motorola, WebMD, Michigan State University and Honeywell. DOVICO has created and continually refined our time management, time attendance and time billing software tools that let companies stay focused on what they do best and we will strive to constantly exceed their business needs and expectations.

For more information on DOVICO or DOVICO Timesheet software please call 1-800-618-8463 (North America), +800 4618 8463 (International) or visit www.DOVICO.com

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