OpSource Named As Finalist in 2005 American Business Awards (SM)

Santa Clara, Calif., May 4, 2005 - OpSource, a leading enabler of Software as a Service (SaaS) applications, was named a Finalist today in the third annual American Business Awards (SM), in the Best New Product or Service category, for Optimal On-Demand (SM). Optimal On-Demand is a complete, turnkey solution that enables software companies to provide software as a service without the inherent risk and investment in a costly services infrastructure.  Based on actual experiences with customers such as Agile Software and Blue Martini Software, Optimal On-Demand reduces initial costs by 70%, slashes ongoing costs by 30%, guarantees 100% availability and scales to meet the ever-increasing demand for Software as a Service.

"OpSource is honored to be named a finalist in the American Business Awards," said Treb Ryan, CEO of OpSource. "Software companies that have deployed Optimal On-Demand are at the forefront of the SaaS revolution, and we are a key player in enabling those companies to overcome the challenges of bringing a SaaS solution to market. These challenges include issues surrounding the business model, code and operational infrastructure of a SaaS offering. OpSource makes it possible for our software company customers to operate more effectively and efficiently by responding quickly to changing market conditions, most notably the shift to delivering software as a service. As a result of our SaaS enablement efforts, we're driving new software revenue and increasing customer satisfaction and retention." 

Hailed as "the business world's own Oscars" by the New York Post (September 22, 2002), The American Business Awards are the first national, all-encompassing business awards program honoring great performances in the workplace. More than 1,200 nominations from companies of all sizes and in virtually every industry were submitted for consideration in more than 40 categories, including Best Overall Company, Best Executive, Best New Product or Service and Best Support Staffer. 

Nicknamed the SteviesTM for the Greek word "crowned," winners will be announced during presentations on Monday, June 6 at the Marriott Marquis Hotel in New York City.  The ceremonies will be videocast on the Internet and broadcast on radio.   Donald J. Trump will receive the first Lifetime Achievement Stevie Award that evening.

Members of the Awards' Board of Distinguished Judges & Advisors and their staffs will select Stevie winners from among the Finalists.   Finalists were chosen by business professionals nationwide during preliminary judging in February through April. The elegant Stevie trophy was designed by R. S. Owens, the same company that makes the Oscar and the Emmy. Details about The American Business Awards and the list of Finalists are available at www.stevieawards.com/aba.

"The Stevie Award has quickly become the most coveted business honor in America," said Michael Gallagher, founder and president of The Stevie Awards.  "We began the Stevies in 2002 with the mission to generate recognition of deserving companies and individuals among the business community, the press, and the general public.  Being selected as a Finalist is an important achievement, because it means that independent judges have agreed that the Finalist is worthy of national recognition.  We congratulate all of the Finalists on their achievement and wish them well in the competition."

About The Stevie Awards
Hailed as "the business world's own Oscars" by the New York Post (September 22, 2002), Stevie Awards are conferred in three programs: The American Business Awards, The International Business Awards, and The Stevie Awards for Women Entrepreneurs.  Honoring companies of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide.  Learn more about The Stevie Awards at www.stevieawards.com. 

Premier sponsors of The 3rd Annual American Business Awards include Rogen International, ValueVision Associates, Veritude, Ultimate Software and The Professional Society for Sales & Marketing Training. Media sponsors include the Business TalkRadio Network, Hoover's Online, Selling Power Magazine and Wired Magazine.  Speedera Networks will again videocast the awards ceremonies live on the Internet.

About OpSource
OpSource, a leader in enabling Software as a Service (SaaS), provides cost-effective, turnkey solutions for software companies that need to quickly add or grow SaaS products and revenue.  Optimal On- Demand (SM), a comprehensive and scalable offering built on the company's patent-pending OptiTech Services Engine (SM), meets the growing need for software companies to deliver SaaS quickly, without the inherent risk and investment in a costly services infrastructure.  Optimal On-Demand includes application management, end-user support, 24x7 systems management, hosting and networking, security, disaster recovery, change management, and more, as well as optional consulting services to help software companies work through the business model, code, and operational issues associated with SaaS.  Optimal On-Demand is provided under the software company's brand and priced per unit, on-demand, delivering immediate and ongoing ROI.

Headquartered in Santa Clara, CA, OpSource has additional operations in the Los Angeles, New York City, Denver, Chicago, and Washington, D.C. metro areas, as well as international offices in London and Bangalore.  For more information about OpSource, visit the company's web site at opsource.net.

OpSource and the OpSource logo are trademarks of OpSource, Inc.  Optimal On-Demand and OptiTech Services Engine are service marks of OpSource, Inc. All other trademarks and company names mentioned are protected by their respective owners.