Serus Ends 2009 on a High Note;

Well Positioned for Growth in 2010

Introduces New Functionality, Enters two Adjacent Markets and Enjoys High Renewal Rate and Industry Accolades



SUNNYVALE, CALIF.—Feb 17, 2010Serus® Corporation, a global provider of Intelligent Operations Management (IOM) technology and managed services for companies with distributed or outsourced manufacturing operations, today announced that it hit a number of high notes in 2009, despite a tough economic environment. While focusing on driving operational efficiencies and cash preservation for its business, the company continued to invest in its products and customers in 2009, resulting in compelling new product capabilities, entry into new markets and a high renewal rate..

ENTRY INTO ADJACENT MARKETS: Serus successfully extended its IOM solution to meet the needs of two adjacent industries – medical devices and consumer packaged products. Leading companies in these industries <such as Boston Scientific, Thermo Fisher and Wente Vineyards> deployed the Serus solution to optimize inventory, streamline their operations and reduce their costs..

NEW PRODUCT CAPABILITIES: Throughout 2009 Serus continued to work closely with its customers, translating their needs into new product features. As a result, it introduced several key capabilities including:

• MPM: Serus introduced next generation data modeling tools for Network BOM and Integrated Assembly and Process modeling with full integration to supplier shop floor manufacturing. These capabilities improve PE capacity and improve manufacturing quality and manufacturing cycle times.
• Self Invoicing: Serus introduced the ability to accurately predict manufacturing cost on a near real time bases and reduce the manual pain associated with reconciling outsourcing partner’s invoices
• LION: Serus made several additions to its Lean Inventory Optimization Network (LION) solution based on learnings from several successful customer deployments.

EXTREME CUSTOMER SATISFACTION: Due to its high focus on customer service and a product that drives operational efficiencies and cost reductions for customers, Serus enjoyed 94% renewal rate for its subscription offerings in 2009. This renewal rate represented one of the highest in the software industry facing such a tough economic environment.

INDUSTRY RECOGNITION: Serus was selected as one of the 50 hottest companies by TiE (The Indus Entrepreneurs, a leading industry association) in the software category in 2009 out of a field of over 1,200 nominated companies. According to the TiE50 chair, Serus was selected since it represented one of the finest in entrepreneurship and served as a role model to emerging startups.

"Despite a very tough economy, we saw a number of silver linings in our business in 2009", said Indu Navar, Founder and CEO of Serus Corporation. ― By focusing on operational efficiencies and cash preservation, we were able to leverage our assets to building new capabilities in our product and extend our solution to address two new high growth markets. In addition, we were happy with the interest in our LION product from large organizations. As a result, we believe that we are very well positioned for 2010.

LEGAL NOTE:Serus is a trademark of Serus Corporation. All other trademarks and registered trademarks previously cited are the property of their respective owners and are hereby acknowledged