ServiceSource Claims 40 Percent Growth in 2010

Mark J

Updated · Aug 24, 2010

Service revenue performance company, ServiceSource, has recently announced first-half 2010 results for the period ending June 30, 2010. According to the company in this Market Watch report, For the first half of 2010, ServiceSource experienced year-over-year revenue growth over 40 percent and added 12 new customers worldwide. This brings the company's total customer engagements to more than 85. ServiceSource's new customers and existing customer expansions from this time period include Alcatel-Lucent, Avaya, Blue Coat, CA, Maquet, NCR, NetApp, Novell, Microsoft, Pitney Bowes and VMware.

“Market traction for ServiceSource continues to accelerate as more technology, healthcare and life sciences companies evaluate new ways to recognize hidden revenue streams, and as ServiceSource has invested in its global scale, technology platform and cloud applications suite.

“‘Our pay-for-performance model and strong customer success make it very attractive for sales executives and CFOs to partner with ServiceSource,' said Mike Smerklo, chairman and CEO of ServiceSource. ‘We've experienced tremendous momentum this year, partnering with new customers as well as from customer expansions. While new partnerships are exciting, it also feels good to generate a significant amount of revenue from customer expansions, which means our solution is delivering strong value.'”

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