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Leading Analyst Firm Selects BoardSuite(R) for Private Vendor Watch List

February 3, 2009

TORONTO, Feb. 3 /PRNewswire/ – Leading analyst firm IDC has profiled BoardSuite Corp. a secure on-demand Board portal, in its recent Private Vendor Watchlist report.

The IDC report outlines BoardSuite’s focus on Board portal solutions for the worldwide market. Directors, Officers, and Board Members of SME, Not-For-Profits, and Public companies face an increasing number of competing challenges: they have limited time and resources to spend on regulatory compliance, yet they are under pressure from government, shareholders and other stakeholders to increase their transparency, compliance and accountability. BoardSuite’s solution helps achieve these goals, and it does so at no cost to the users.

“This recognition by IDC combined with our early customer adoption helps validate the market potential and unique business model for BoardSuite’s software-as-a-service (SaaS)” said Oscar A Jofre Jr., President/CEO of BoardSuite.

With the current tough market conditions along with the pressure for better compliance, companies need assistance with Board management, but without the typical expense of Board portals. Since BoardSuite does not charge for using its software, BoardSuite is well positioned to address the needs of resource constrained organizations.

The IDC profile analyses the BoardSuite solution and reviews key success factors: market potential, technology/solution, corporate strategy, force multipliers, and customers. IDC’s Private Vendor Watchlist is a series of company profiles that IDC offers to its venture capital, private equity, and other selected financial clients.

BoardSuite’s profile is published on IDC’s website in Document # 216020

http://www.idc.com/getdoc.jsp?containerId=216020

About BoardSuite

Directors on Boards have significant risks and responsibilities. BoardSuite was created to mitigate risk by providing Directors and Officers a simple yet powerful solution to address their responsibilities surrounding good governance and compliance.

BoardSuite Corporation operates a secure online Board portal – BoardSuite. This portal organizes and manages critical Board related information and tasks. Stakeholders, such as Directors and Officers, need this organized and easily accessible information to reduce business risk and improve governance. BoardSuite’s portal achieves these goals – and at no cost to the users.

As a no-charge, web-based service, BoardSuite cost-effectively enables executive leadership to save time with managing Board affairs. Time better spent improving overall business performance.

SOURCE BoardSuite Corp.


Source: newswire



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