CathoNet Continues Rapid Growth in Q1, 2012

Adds Five New Dioceses, Renews with Archdiocese of Boston

HUDSON, N.H.--()--With its focus on aligning mission, ministry and technology together to better serve the Catholic Church, CathoNet™ is excited to announce that they have signed six Catholic Dioceses to multi-year hosting agreements in the first calendar quarter of 2012. CathoNet, widely recognized for reliability, outstanding customer support, and easy-to-use cloud-based solutions, enables the Catholic Church to standardize process and technology rapidly across parishes and schools by leveraging the most proven, popular, and familiar small business accounting applications in combination with advanced, fund-based consolidated financial reporting.

The Dioceses of Monterey California, Venice Florida, Birmingham Alabama, Norwich Connecticut and Wheeling-Charleston West Virginia are all new customers of CathoNet's Cloud-based accounting systems, which are powered by the award-winning cloud hosting services from Right Networks®. Along with adding these five new dioceses, CathoNet also renewed a multi-year contract with the Archdiocese of Boston who benefits from their cloud-based accounting and consolidated fiscal reporting solution.

"One of our biggest issues when trying to manage our individual parishes and schools was obtaining standardized and timely financial reports", said Robert Sellers, CFO of the Diocese of Birmingham in Alabama. "With CathoNet, all of the applications our parishes and schools need are installed and configured in the cloud. Our employees just login to CathoNet over the Internet, and begin using their service, greatly reducing training costs and allowing us to standardize on a common platform."

CathoNet's accounting and reporting solutions provide the Catholic Church with a cloud-based hosting platform that provides pastors, bookkeepers, and volunteers with secure, anytime-anywhere hosted access to most small business accounting applications that users already know how to use, leveraging the skills already present in the diocese. CathoNet's solutions provide standardization for non-profit fund reporting within parishes and schools while at the same time consolidating all financial reporting back to the diocese.

"We are very excited to welcome these five dioceses as new clients. CathoNet's cloud-based services allow them to quickly standardize their accounting platforms and financial reporting," said Deacon William A. Koniers, President of CathoNet. "Our goal is to align mission, ministry and technology in the parishes and schools that we serve. Our clients realize the benefits of accountability, transparency and good internal controls when information is available in real-time. Utilizing 21st century technology and processes allows the Dioceses to manage the "business of the Church without turning the Church into a business."

About CathoNet, LLC

CathoNet aligns mission, ministry and technology to support the pastoral, sacramental, and educational mission of the Roman Catholic Church. CathoNet provides on-demand Internet-based "cloud computing" accounting services and resources to Catholic dioceses both large and small. CathoNet's rapid deployment, subscription based pricing, and fully managed cloud-based application services dramatically improve security, reporting, auditability and usability. CathoNet provides your financial staff with the tools to effectively manage the business of the 21st century Catholic Church by combining web-based management solutions for census and stewardship and popular desktop accounting applications for anywhere, anytime cloud-based accessibility. For more information visit us at www.cathonet.com.

Contacts

CathoNet
Brian Johnson, 603-324-0415
Vice President of Sales and Operations
bjohnson@cathonet.com

Release Summary

CathoNet™ is excited to announce that they have signed six Catholic Dioceses to multi-year hosting agreements in the first calendar quarter of 2012.

Contacts

CathoNet
Brian Johnson, 603-324-0415
Vice President of Sales and Operations
bjohnson@cathonet.com