Extensity, Inc. - EXTN- Profile

Extensity, Inc.. The Group's principal activity is to provide Internet-based Employee Relationship Management solutions for the automation of employee-based financial processes. The Group's software applications enable employees to plan business travel, file expense reports, request and approve indirect purchases and capture time for project and payroll management. These applications also enable cost savings capture by automatically enforcing spending policies and tracking information valuable to the management. The software applications are available as licensed software or as a hosted solution. These solutions are universally accessible through a variety of devices including networked and mobile PCs and handheld computing devices. Software license revenue accounted for 59% of 2001 revenues; Software services and maintenance, 40% and Host revenues, 1%. Software license revenue accounted for 59% of 2001 revenues; Software services and maintenance, 40% and Host revenues, 1%