MetraTech's Metanga Monetizes Info-Frame's New Timesheet Cloud-Based Offering

WALTHAM, MA -- (Marketwire) -- 08/14/12 -- MetraTech Corp., the leading provider of agreements-based billing and compensation solutions, today announced that Metanga, its multi-tenant, cloud-based commerce application, is enabling customer enrollment, billing and support for Info-Frame's new timesheet solution. Metanga delivered the order-to-cash functionality Info-Frame required for its Resourcr 4-TIME project resource management software-as-a-service (SaaS) application, which runs natively on the Microsoft (NASDAQ: MSFT) Windows Azure cloud. With Metanga's pricing and billing flexibility, Info-Frame gains a foundation for future offerings within its new SaaS business line.

Info-Frame is a Microsoft Gold Certified Partner delivering project management and implementation services, software development and operational products to banking clients in Hungary and beyond. Software providers like Info-Frame are increasingly becoming service businesses, needing to manage all subscription service elements, from the order and enrollment process to pricing, packaging, billing, payment and collections. With Metanga, SaaS businesses like Info-Frame can offer different versions of the same services and bundle them with third-party solutions for resale, ultimately increasing their bottom lines.

Gorgy Gyorfi, managing director of Info-Frame Ltd, said, "Metanga provided a solution that gets us to market quickly while enabling order-to-cash monetization. What impressed us about MetraTech was its Customer Success team and the ability to leverage online tools like howto.metanga.com when configuring Metanga for our business. As a Microsoft Certified Partner, it was also important to us that Metanga is an incredibly well respected member of the Microsoft community."

"We work with companies around the globe, and one of our key differentiators is our ability to manage global payment providers and currencies. Our pricing, bundling and sales enablement functionality supports significant global demand for subscription-based, quote-to-cash commerce, therefore, it's natural for us to work with an innovative company like Info-Frame," said Scott Swartz, CEO of MetraTech. "We're also incredibly proud to enable Microsoft global partners who are launching solutions on the Azure cloud to monetize applications."

About MetraTech
MetraTech Corp. offers an innovative approach to billing, compensation and customer care. We empower organizations to embrace change through a unique agreements-based billing and compensation solution that models and supports fluid, personalized, multi-party agreements. We automate business processes and business models to address rapidly changing or complex business strategies. Our products are deployed globally, and our customers use MetraTech to innovatively create and securely collect revenue, provide settlement to partners and manage their customer lifecycle in 12 languages, 28 currencies and 90 countries. Customers include Concur, The Depository Trust and Clearing Corporation (DTCC), CETIP, the City of Chicago, Microsoft, PGi and OnStream (National Grid). The company is headquartered in Boston, with offices in San Francisco, Paris, Rio de Janeiro and London. MetraTech is a venture-backed, privately held company whose investors include Accel Partners, Meritech Capital and Vesbridge Partners. For more information, please visit www.metratech.com and www.metanga.com.