Scottsdale-Based Axosoft Q1 Revenues Up 29% Over Previous Record

Software Development Firm Moves to Larger Scottsdale Headquarters and Treats Employees with iPads for Q1's Success

SCOTTSDALE, Ariz. – Scottsdale-based Axosoft, the maker of OnTime, the leading project management system for software developers, announced today record revenues for first-quarter sales that have exceeded the company's previous record quarter by 29 percent. The increase in sales is attributed to the successful launch of OnTime Version 10 in mid-March.

To celebrate the first-quarter success, Axosoft CEO & founder, Hamid Shojaee, purchased Apple’s much-anticipated iPad for each of his 20 employees.

“I believe that it’s all about the team behind the product, so when a company is successful, it’s important to reward that team,” said Shojaee. “At Axosoft, we are so fortunate to have extremely talented and dedicated people who help to make the company successful year after year.”

Additionally, the company has purchased a new Scottsdale headquarters and will be moving to the new location this week. The new facility is located at Raintree and the Loop 101 freeway.

Axosoft is also actively seeking more software engineers to continue its expansion.

?About Axosoft
??Axosoft, founded in 2002, is a leading provider of project management, agile / scrum, and bug tracking software. Its flagship product, OnTime, is widely acclaimed for its comprehensive set of features, flexibility and ease-of-use. Used by over 7,000 dev teams around the world and winner of numerous industry-recognized awards, OnTime is provided as a hosted application (Software as a Service) or as an installed application. Users access OnTime via one or more of the following clients: Web browser, Windows application, iPhone app, a Visual Studio plug-in, or an Eclipse plug-in. OnTime is available free for one user at www.axosoft.com.