Ecteon Adds University to Client List

BRENTWOOD, Tenn., Jan. 7, 2011 /PRNewswire/ -- Ecteon Inc., the premier contract management software provider, announced that Point Park University in Pittsburgh, Pa. has chosen the Contraxx Enterprise solution to manage purchasing agreements and property agreements. The software will help increase efficiencies and reduce legal risks by ensuring a central contract repository.

Ecteon's Contraxx product enables organizations to optimize the lifetime value of business relationships by centralizing, standardizing and systemizing the entire contract lifecycle, from creation through expiration or renewal.

"When looking for a contract management system, Ecteon's Contraxx solution was extremely cost-effective yet still provided the university with the flexibility and applicability we desired," said Ruth Rauluk, assistant vice president of business services at Point Park University.

Contraxx gives universities faster access to key contract information through an at-a-glance daily dashboard. By capturing, managing and analyzing all types of agreements more effectively, staff can make better-informed decisions.

"We developed Contraxx Enterprise to meet the unique demands of many industries," said Richard Eckerstrom, CEO of Ecteon. "Customers like Point Park University show that Ecteon can address the needs of education providers with our flexible and scalable contract management solution."

About Ecteon

Headquartered in Brentwood, Tenn., Ecteon recognizes that contract management is a complex function for most organizations, large or small. Ecteon provides a full range of contract management services, including strategic planning, implementation, training and support. The company has extensive expertise and knowledge across multiple industries and offers consulting services to help clients optimize their contract management systems. Ecteon's experience provides unique insights that enable customers to effectively and reliably manage their entire contract lifecycle. For more information visit www.ecteon.com.

SOURCE Ecteon