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Perseus Development Corporation Celebrates 10-Year Anniversary

BRAINTREE, MA (August 14, 2003)- Perseus Development Corporation, a leader in web-based survey software and research services, celebrated its 10-year anniversary today. The company marked its 10 years in business with a company party. The celebration coincides with Perseus' appointment as one of the 50 fastest-growing technology companies in New England by Deloitte & Touche for the third consecutive year.

"This is an exciting time and a milestone for the company," said Rich Nadler, President of Perseus Development Corp. "We have experienced rapid and consistent growth over the past 5 years providing new and challenging opportunities for our employees."

Perseus was formed in 1993 when co-founders Rich Nadler and Jeffrey Henning envisioned new solutions for a traditional market research challenge: collecting data in an efficient, cost-effective manner. Rich and Jeffrey developed a software product that allowed users to create web surveys in a word processing interface. When surveys were completed, the responses were automatically added to a database for easy reporting and analysis.

In 1997, Perseus took the product a giant step forward. Capitalizing on the growth of the Internet, they brought the interviewing and analysis functionality of research software to the business professional. Their flagship product, SurveySolutions for the Web, allowed users to simply and effectively conduct surveys on the Internet, dramatically increasing the time-savings and reducing the costs over traditional paper-based and telephone surveys. The product received PC Magazine's Editor's Choice Award in February 2000.

Perseus has since expanded the breadth and scope of its product line with SurveySolutions Enterprise in use by 20% of the Fortune 100 companies. The company also provides customers with professional services including market research, training, custom development and survey hosting.

Today, Perseus' survey software and services are used by over 16,000 organizations worldwide - both large and small - primarily for customer satisfaction, employee satisfaction, course evaluation and website feedback. Customers include MSN, MasterCard, MetLife, Pitney Bowes, The NBA, Capital One, General Electric, Harvard University, Babson College, Shell, and IBM.

About Perseus
Perseus is leading the transition from web survey software to Enterprise Feedback Management (EFM) solutions that help organizations better understand their world. Organizations worldwide rely on Perseus solutions to better identify and meet employee, customer and partner needs, and increase profitability by creating loyal relationships. Perseus products enable business professionals to quickly and easily obtain, analyze, and manage sophisticated enterprise feedback using intuitive web-based software. Perseus SurveySolutions® is a recipient of PC Magazine's Editors' Choice award for web-survey software, and is used by over 22,000 customers worldwide including over twenty percent of the Fortune 100. Perseus is a 2003 and 2004 Inc. 500 company and Deloitte Technology Fast 500 company, and a four-time Deloitte Technology Fast 50 company. Visit for more information.


For more information, contact:

Brian Gendron
SHIFT Communications
Dwight Galler
Perseus Development Corporation
781.848.8100 x265