MaineBusiness.com

Consulting firm chooses Quantrix Modeler to streamline distributed planning process for clients, and to develop $170 million in grant proposals for federal stimulus funds

PORTLAND, ME – November 5, 2009 – Quantrix announces that Civitium LLC, the leading management and technology consulting firm for the public broadband market, has joined its partner program to offer Quantrix Modeler software and services to clients. Quantrix Modeler is a business modeling and analytics (BMA) software solution that enables companies to implement distributed budgeting and planning solutions for increased flexibility and improved collaboration. Civitium has used a number of tools ranging from traditional spreadsheet software to business intelligence programs to develop the complex, integrated financial models its clients require for fiber optic and wireless broadband infrastructure projects. When numerous clients called on Civitium to help secure grants from the federal economic stimulus program, the company initiated a search to find an analytical platform that offered the robustness and flexibility it needed to develop comprehensive broadband plans within a short timeframe.

“We needed a sophisticated tool to model capital-intensive businesses, and we had to integrate work from multiple, distributed teams – including engineering, financial, and policy experts — within a very short time,” says Greg Richardson, Managing Partner, Civitium LLC. “Quantrix offers the power we need, the flexibility and rapid results of distributed planning, and the security and repeatability required to undertake major financial decisions with confidence.”

After using Quantrix to develop plans for multiple clients requesting more than $170 million in grant funding, Civitium decided to join Quantrix’s partner program and deploy Quantrix Modeler throughout its practice.

“Quantrix Modeler is both a time saver and a revenue generator for Civitium,” says Richardson. “We can integrate input from multiple teams, develop insightful plans and budgets for our clients’ capital projects, and analyze potential changes to these plans immediately. We directly integrate financial modeling with engineering and GIS systems, which makes our offering unique. We believe these services, and the capability to integrate other systems as needed, appeal to both new and existing clients.”

“Civitium has become a leader in planning for public broadband projects because of its expertise in finance, engineering, and policy. Integrating the work of all of those distributed team members is challenging for any company,” says Chris Houle, CEO, Quantrix. “Quantrix Modeler’s distributed modeling process will now help Civitium to manage those interdependencies and enable its experts to work simultaneously to create one comprehensive, integrated model.”

Quantrix Modeler’s multidimensional business modeling and analytics software enables financial professionals to break away from the restrictions of spreadsheet technology to develop financial models of the highest integrity, flexibility, and transparency.

About Civitium

Civitium is the leading management and technology consulting firm for the public broadband market. Civitium has advised on a range of business, technology and public policy issues for more than 100 clients around the world. For more information, visit http://www.civitium.com


About Quantrix
Quantrix’s business modeling and analytics (BMA) solutions and services enable companies to develop accurate, secure, and dynamic forecast, budget, planning, risk, and data models. Quantrix Modeler provides unprecedented business intelligence and improved business performance management to customers in 50 countries. It delivers rapid return on investment by empowering business and financial professionals to break away from restrictive two-dimensional spreadsheets and complicated modeling and business intelligence tools. Quantrix Modeler is available directly from the company and from its partners in the United Kingdom, Ireland, China, Australia, New Zealand, France, Germany, Mexico, Chile, Israel, South Africa, and Brazil. For more information about Quantrix Modeler, or to activate a free 30-day trial, visit www.quantrix.com or call +1 207.775.0808.

Media Contact for Quantrix:

Alison Harris
Harris Media Services
+1 207.829.4500
alison@harrismediaservices.com

Contact at Quantrix:

David Phillips
Marketing Manager
Quantrix
+1 207.775.0808 ext 108
dphillips@quantrix.com