Mumboe Launches Web Site to Help Customers Manage Business Agreements OnlineAUSTIN, Texas - January 14, 2008 - Mumboe™ today announced the launch of www.mumboe.com, marking the official debut of the company's new name, corporate identity and product strategy. Founded in 2005 as FineTooth, Inc., Mumboe aims to help corporate customers securely create, store, track and manage their important business agreements online. A free Beta Trial of the Mumboe application starts today and is available immediately to customers who register on the site. According to G. Walter Loewenbaum, Mumboe's chairman and chief executive officer, the name "Mumboe" is a reference to the complex legal language that often obscures important information contained in business agreements. "Business agreements of all types contain key information, dates and commitments that are critical to a company's success, but that information often gets lost in the 'mumbo jumbo' of contract language," says Loewenbaum. "Mumboe's goal is to help our customers cut through this complexity and gain a clear view of their business commitments." The Demand for On-Demand SoftwareWhile several companies offer contract management software, these applications often require significant budget and manpower to install and manage. In contrast, Mumboe customers will enjoy immediate access to a secure online application using only a standard Internet connection and web browser, a model known as "on-demand" software or "software as a service." According to a recent report by TripleTree, LLC (www.triple-tree.com), a research-based investment bank focused on technology and business services, companies offering on-demand applications are growing at 3-5 times the rate of traditional enterprise software vendors and will profoundly impact the technology industry by surpassing $40 billion in the coming years. Free Beta TrialWith the launch of the Mumboe Beta Trial today, customers can begin using Mumboe to manage their business agreements immediately, with no purchase or long-term commitment required. The Beta program provides registered users with secure, centralized storage for up to 1,000 agreements or 2 GB of storage, and supports an unlimited number of users per organization and multiple agreement types. In return for their participation, Beta Customers get free use of the product during the Beta period, plus another three months free after the official product launch, scheduled for March 2008. In addition, Mumboe Beta customers will receive free guided training and a special locked-in rate of $24/user/month after their free offer expires. Customers can sign up for the Mumboe Beta Trial at www.mumboe.com. About MumboeMumboe is a privately held company headquartered in Austin, Texas. For more information, visit www.mumboe.com. Contact: |