Walled Lake, Michigan, May 21, 2010 ― Paramount Technologies, the leading global provider of web-based procurement, project, time and expense solutions for midmarket organizations, announced today the immediate worldwide availability of WorkPlace RFQ Portal.  WorkPlace RFQ Portal is a hosted solution that provides full procurement Request for Quote capability from a secure off-premises server without compromising internal network security or requiring additional IT resources.  WorkPlace RFQ Portal is offered as a “Software as a Service” option for WorkPlace eProcurement and is priced on a subscription basis.

WorkPlace RFQ Portal resides off-premises on a secure server and all communications between the WorkPlace application and the RFQ Portal are via a secure SSL link.  Approved vendors can respond to an RFQ with a simple click on a link automatically emailed to them by RFQ Portal.  RFQ Portal automatically synchronizes these RFQ bids with WorkPlace via the secure SSL link without the vendors accessing the organization’s internal network.

WorkPlace RFQ Portal is hosted at Rackspace® Hosting, the world’s leader in the hosting and cloud computing industry.  Paramount Technologies selected Rackspace for their commitment to Fanatical Support® and their state-of-the-art high-availability, security, redundancy and backup capabilities for WorkPlace RFQ Portal.

“Businesses need procurement RFQ capability but don’t want to put their network at risk,” said Salim Khalife, President and CEO, Paramount Technologies.  “With its secure server and secure communications WorkPlace RFQ Portal delivers comprehensive RFQ capability without the risk.”

“We are pleased that Paramount Technologies has chosen Rackspace to host their critical business application, Workplace RFQ Portal,” stated Jim Lewandowski, Senior Vice President of Worldwide Sales.  “Procurement is an essential corporate function and Paramount Technologies’ hosting on Rackspace demonstrates their serious commitment to high-availability and security.”

About Paramount Technologies

Paramount Technologies is the leading global provider of web-based Employee Workforce Automation solutions delivering reduced transaction costs and enhanced process efficiencies to midmarket and enterprise organizations through the automation of procurement, requisition, project, time and expense transactions.  Established in 1995, Paramount is a private company headquartered in Walled Lake, MI with offices in Atlanta, GA and Jacksonville, FL.

The Paramount Technologies WorkPlace Suite includes WorkPlace eProcurement, WorkPlace Project, WorkPlace Time and WorkPlace Expense.  WorkPlace eProcurement automates and accelerates traditionally inefficient paper-based requisition processes, reducing direct and indirect purchasing costs, reducing requisition-to-order costs and cycle time, increasing control over business transactions and streamlining employee requisition management.  WorkPlace solutions are universally accessible from any browser-enabled device; they host on a Windows server and need no client application software.  WorkPlace solutions easily integrate with Microsoft Dynamics, Sage MAS 500 ERP, Sage Accpac ERP and other financial systems.

All trademarks or registered trademarks are property of their respective owners.

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Media Relations Contact:
Paramount Technologies, Inc.
1374 East West maple Road
Walled Lake, MI 48390-3765 USA
media@paramounttechnologies.com