News & Events

• News Desk
• Press Releases
• Media Coverage
• Events

Press Releases

FreeBalance Expands in Washington

Expansion supports growth in International Public Financial Management Market

Located in the heart of Washington just north of the White House and a few blocks from the World Bank and International Monetary Fund, the Washington office is expanding to support FreeBalance growth in the United States and emerging countries. “The central location of the new office is no coincidence” said Doug Hadden, Vice President of Products based in Washington. "This area is the hub for International Financial Institutions that are driving good practices in Public Financial Management.”

The FreeBalance ability to deliver, even in governments under stress, has resulted in a thriving practice in emerging countries. This experience, combined with the mentorship of PFM experts in the Washington areas has created a strong emphasis on sustainability, an ethos that is instantly evident in its new office setting: multi-cultural, multi-lingual and environmentally sensitive.

At a time when many technology companies have been forced to review their business strategies in response to the global economic downturn, FreeBalance continues to grow. “The financial crisis has created a need for improved government operations,” said Manuel Pietra, FreeBalance President and CEO. “Governments around the world are looking for Government Resource Planning software that can be rapidly implemented and support continuing modernization.”

The FreeBalance Accountability Suite is a Commercial Off-The-Shelf (COTS) integrated financial management information system that has been designed specifically for government purposes. For more information on the company and its products, visit http://www.freebalance.com/ or http://twitter.com/freebalance.

About FreeBalance

Founded in 1984, FreeBalance is a for-profit social enterprise and leading global provider of software solutions for public financial management. FreeBalance solutions support government modernization, fiscal decentralization, and public finance reform. Public financial management reform is a key element of good governance and sustainable development.

FreeBalance is headquartered in Ottawa, Canada, with sales and support offices in Washington, DC (United States), Lima (Peru), Lisbon (Portugal), London (Great Britain), Pristina (Kosovo) and St. John (Antigua and Barbuda). FreeBalance solutions have been implemented in countries across the globe, including Canada, United States, Sierra Leone, Guyana, Pakistan, Mongolia, Afghanistan, Antigua & Barbuda, Timor-Leste, Republic of Kosovo and Panama.

###