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Perseus Development Corporation Moves to New Location to Accommodate Growth

BRAINTREE, MA (March 18, 2004) - Perseus Development Corporation, the 21st fastest-growing privately held software company in America, is pleased to announce that the company has moved to a new and larger location in Braintree, MA. Perseus, with more than 50 employees worldwide, has moved to accommodate the growth in both employees and clients.

"Our move represents a new stage in the company's growth," said Rich Nadler, President of Perseus. "Our new location includes a new training facility, a state-of-the-art development lab, and a new research facility, providing an environment that is conducive to developing and delivering the highest quality products and services."

The office relocation follows five consecutive years of revenue growth. In 2003 Perseus launched SurveySolutions 6, the latest version of the company's award-winning software, along with a new product, MobileSurvey. The company was named to Inc. Magazine’s fastest-growing private companies in the US, and Deloitte & Touche named Perseus one of the "Fast 50" high-technology companies in New England for the third consecutive year. In the last 7 months Perseus has opened offices in Michigan, Singapore, and Toronto.

"This move to a new location falls on the seventh anniversary of Perseus' first office opening in Braintree when there were just three employees," said Jeffrey Henning, COO of Perseus. "Today we have 50 people in five offices in four countries with plans for additional office openings."

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