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ColdFusion Authors: Yakov Fain, Jeremy Geelan, Maureen O'Gara, Nancy Y. Nee, Tad Anderson

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PaperThin Experiences Record Growth

Grows Revenues, Expands Channel, and Maintains 95%+ Subscription Renewal Rate

PaperThin, Inc., the leading provider of ColdFusion Web content management solutions, today announced that its 2008 Q2 and Q3 revenues shattered all company records, having grown an average of more than 50% year over year. Furthermore, the companys average deal size increased by more than 30%. A privately held company, PaperThin has been profitable since its inception in 1993. The companys growth rate has well exceeded the analyst reported industry average of 15% annual growth. PaperThin attributes this growth to the strength of its Channel Partner relationships and its continued focus on customers, growth in professional services projects, and the strength of its product CommonSpot.

PaperThin continuously leverages its network of Channel Partners and has added seven new partners to date in 2008, including: BlackBarn Media, Digital Division, Imagistic, Najia Systems, roundpeg, Sanmita, and Winning Strategieseach of which is already engaged in PaperThin service projects. Long standing partners such as Figleaf Software have continued to play a key role in driving new business and in supporting Customers. Meanwhile, the company has also increased its own professional service engagements.

The company added new customers in each of its four key verticals, including: Sharp Healthcare and Meridian Health (Healthcare); the Environmental Protection Agency and Washington County (Government); American University and Penn State (Higher Education); WomanHeart and NACCHO (Association/Non-Profit); as well as global brand name organizations such as Hasbro, Franchise Services, and Abercrombie & Kent. PaperThin helps these and other organizations achieve more from their Web strategies and provide compelling Web experiences through the use of its flexible, scalable, and easy to use Web content management system CommonSpot.

CommonSpot's flexibility is awesome. There are so many ways to accomplish a single task. When I train users, I go to a TV station for three days, train people who have never seen the product before, and they launch their new website within two weeks. Just one two hour session is all it takes to light users faces up with the possibilities. That speaks volumes for the product," said Shane Roby, director of internet services, LeSEA Broadcasting. The thing that always strikes me is that the people in the company really care. All of the people that I've dealt with care about what I have to accomplish which makes me feel like I'm a part of something. PaperThin has a vested interest in helping me succeed.

The old adage if you take care of your customers, the markets will take care of you still holds true in this environment, said Bob Cellucci, senior vice president of PaperThin. Focusing on customer success and solving real business issues results in positive outcomes for us, and more importantly, for our Customers.

PaperThins flagship productthe CommonSpot Web content management systemfeatures a new and intuitive authoring interface, RSS feeds, Blogs, Wikis, and XML publishing and rendering capabilities. The ease-of-use inherent in CommonSpot empowers business users to be self-sufficient and productive, build interactive communities, and achieve faster time-to-market; while its flexibility empowers IT and site administrators to easily adapt the system to meet their complex and ever-changing needs. These enhancements enable organizations to achieve better business results.

About PaperThin:

PaperThin, Inc. is a privately held MA-based company. Founded in 1993, PaperThins flagship product CommonSpot is a leading content management solution that empowers organizations of all sizes to improve productivity and derive more value from their Web strategies. PaperThins customers span multiple industries, including: government, healthcare, higher education, and association/non-profit sectors; and include organizations such as the City of St. Louis, Cornell University, ESAB Welding & Cutting, Hasbro, Mayo Clinic, National Park Service, Orlando/Orange County Convention & Visitors Bureau, Stanford University, University of Wisconsin, US Senate, and the United Way of America. Visit PaperThin at www.paperthin.com.

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