Software Magazine Names Authoria to 2003 Software 500

Authoria, Inc., the world leader in personalized, Web-based human resource communication solutions, today announced Software Magazine's annual Software 500 survey has ranked Authoria one of the leading software vendors.  Authoria moved up significantly on the list since its 2002 listing.

"Our placement in the Software 500 underscores the progress we made in 2003 and the momentum we bring into 2004," said Tod Loofbourrow, President and CEO of Authoria. "Authoria continues to deliver industry leading human resources knowledge solutions to some of the world's most well-respected corporations.  This year we've added new products and a large number of new customers."

Loofbourrow continued, "Key to Authoria's growth and profitability, as well as the growth of the industry overall are a number of factors—corporate focus on streamlining business processes, the need to reduce HR costs, and provide better overall service to employees. Organizations understand that clear and consistent employee communication has never been more important."

"While the software industry itself saw a challenging year, the human resources management applications sector grew significantly," said John Desmond, editor of Software Magazine.  "This seems to be a market set to break out in 2004, especially as solutions mature and market conditions continue on their current path."

In addition to the Software 500 ranking, Authoria has also received the following awards and accolades in 2003:

• Forbes – Authoria named to Forbes’ annual Best of the Web 2003 in the B2B Human Resources category – the only company named three years in a row.
• Inc. – Authoria included in the Inc. 500 for the fourth consecutive year. The Inc. 500 is a list of America's fastest growing private companies.
• Deloitte & Touche New England Technology Fast 50 – Authoria listed as one of New England’s 50 fastest growing companies for the fourth year in a row.
• Ernst & Young Entrepreneur of the Year-- President and CEO Tod Loofbourrow selected as a finalist by Ernst & Young in the 2003 New England Entrepreneur of the Year Award competition in the Information Technology category. This is Loofbourrow's third consecutive nomination as a finalist.

About the Software 500
The Software 500 is a comprehensive look at the software industry targeting enterprise IT organizations with software and services. The list includes both private and public companies. The Software 500 is a worldwide list in that it is open to any company to submit financial and product information via the annual Software 500 survey. The ranking is based on total worldwide software and service revenue for 2002. This includes revenues from software licenses, maintenance and support, training, and software-related services and consulting.

About Authoria
Authoria is the world leader in personalized, Web-based human resource communication. Authoria HR is the knowledge application standard. Over one hundred and fifty organizations worldwide rely on Authoria to dramatically improve employee communication while streamlining costs. Authoria's knowledge applications manage and communicate human resource information to millions of people at some of the world's largest companies, including Boeing, Motorola and Wells Fargo. Among Authoria's partners are industry-leaders PeopleSoft, Towers Perrin, IBM and Accenture. Based in Waltham, MA, Authoria has been ranked four times by Inc. Magazine as one of America's fastest-growing private companies and has been recognized by Deloitte & Touche in the New England Fast 50 four times and the National Fast 500 three times. For more information, please visit www.authoria.com/news2.

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Note to editors: Authoria, Authoria eSPD, Authoria HR, Authoria Outsourcer, Authoria HR UK Benefits, Authoria HR UK Policies and "Personalized questions. Personalized answers" are trademarks or registered trademarks of Authoria, Inc. in the United States and other countries. All other product names and references contained herein remain the service marks, trademarks or registered trademarks of their respective owners.