Compete Celebrates Fifth-Straight Year of Record Growth
Explosion in search marketing, web analytics and online advertising fuels expansionBOSTON, Ma. -- February 11, 2008 --
Compete, Inc., a leading web analytics company, today announced that 2007 was its fifth-straight year of record growth. By capitalizing on the increase of spending in search marketing, web analytics and online marketing and introducing innovative products, Compete achieved year-over-year revenue growth in excess of 50%.
"The shift to online has accelerated from a steady flow to a torrent. Industry pundits predict a doubling of spending to nearly $42 billion by 2011 [eMarketer, Dec. 2007]," said Compete's CEO, Donald McLagan. "Our company's growth, which has been nearly 1,000 percent over the past five years, is driven by marketers' need for online data about their customers and competitors' engagement, loyalty and online and offline sales."
Among Compete's 2007 highlights were:Breakthrough New Products:
Compete released four new tools that give marketers unparalleled insights into improving online performance and results:Behavior Match
(TM), a groundbreaking new tool that provides media buyers with vital information to maximize their strategic publisher and ad network investmentsAd Analyzer
(TM), an innovative service which lets marketers measure the impact of ads (their own and competitors) on consumer behavior within target customer segments to maximize online advertising ROICompete Search Analytics
(TM), a Web-based resource that delivers the industry's richest search analytics on a revolutionary pay-as-you-go basisCompete Search Analytics Select
(TM), the only service that precisely targets searches within the most profitable customer segments so marketers can focus on how their search investments are lifting sales and building brand equitySuccess of Compete.com:
Compete.com, the first website to offer free premium competitive web metrics to marketers and web savvy consumers, celebrated its first anniversary in 2007 with more than 60,000 registered users. The site had a record month in December 2007 with 706,552 unique visitors
. Compete's award-winning blog has become a source for timely, humorous market information, and is ranked #24 on the AdAgePower150. To read the blog, visit: http://blog.compete.com/Industry Recognition:
In addition to its revenue growth, product innovation and the ascension of Compete.com, the company achieved industry recognition as the "Best Content Search Engine" (Searchonomics), was a MITX award finalist for Search Analytics (TM) and was #19 on Deloitte's Technology Fast 50 list and #824 on the Inc. 5000 (one of the fastest-growing privately held companies in the U.S.).
To download Compete's research around its automotive, financial services, travel and wireless practices visit: http://www.competeinc.com/research/spark/About Compete, Inc.
Compete helps the world's top brands improve their marketing based on the online behavior of millions of consumers. Leading marketers such as Carlson Hotels Worldwide, Hyundai Motor America, Upromise, Chrysler, and Verizon Wireless rely on Compete's services to create effective online experiences and highly profitable advertising campaigns. Compete's online behavior database -- the largest in the industry -- makes the web as engrained in marketing as it is in people's lives. Compete was founded in 2000 and is located in Boston, MA, with offices throughout the U.S. For more information about us, please visit www.competeinc.com, or to join the conversation visit compete.com.All logos, company and product names may be trademarks or registered trademarks of their respective owners.
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Competitive Customer Wins Drive OpenPages Growth in 2007
Company Experiences Record-setting Growth in ERM BusinessWaltham, MA, January 14, 2008 --
OpenPages, the leading provider of enterprise risk management solutions that optimize business performance, today announced impressive results for 2007. The company continued to expand rapidly into the market for enterprise risk management (ERM) solutions and achieved ERM revenue growth over 100% for 2007, driven by key competitive wins. Significant new customers throughout the year helped drive the business, including new customers in Q4 such as Brookdale
, Interpublic Group
, Memorial Sloan-Kettering
, and the Research Triangle Institute
. Reflecting its international success and the growing global demand for its ERM solutions, OpenPages also reported worldwide ERM revenue growth of 150% in 2007 with a significant growth in its international customer base, which includes the South African bank FirstRand Limited
OpenPages' ERM revenue growth was driven by adoption of the full range of OpenPages risk and compliance solutions, including offerings for financial controls management, operational risk, policy and compliance management, IT risk and internal audit management. The growth was also driven by both existing and new customers addressing their broader ERM needs by leveraging the comprehensive set of risk and compliance solutions supported by the OpenPages Platform.
In addition to its significant ERM revenue growth, OpenPages also accomplished many important product innovation milestones in 2007 including the introduction of three new solutions for IT Risk and Compliance, Policy and Compliance Management, and Internal Audit. The company also continued to drive product innovation by enhancing its offerings to help organizations manage risk and compliance initiatives in the context of specific industry challenges. OpenPages industry solutions address risk management challenges in the banking, insurance, and energy and utilities industries, as well as other industries in which companies must take a proactive approach to risk and compliance management. The company's solutions enable a risk based approach to decision making that empowers management to effectively allocate resources across the enterprise, improving business performance.
Coupled with its strong financial performance in 2007, OpenPages demonstrated its governance, risk and compliance (GRC) category leadership through a bevy of awards and top rankings from industry experts, publications and business organizations. The company was lauded by industry organizations in 2007 for company growth, technology innovation and company leadership with award recognition by Red Herring 100
, the Massachusetts Technology Leadership Council (MTLC)
, Deloitte Fast 50 New England
and the Deloitte Fast 500
. OpenPages' CEO Michael J. Duffy was also recognized for his long-time leadership of the company as an E&Y Entrepreneur of the Year for the New England
region and a Top 100 Influencer in Finance
by Treasury & Risk Magazine.
"2007 was an important year for the company, and we're very proud of what we've accomplished,” said Michael J. Duffy, President & CEO of OpenPages. "Not only has the company showed significant growth in the ERM category of the GRC market, but we are also very well positioned for long-term success. We've worked closely with our customers to expand our offering in ways that help proactively identify and manage their most significant risks to optimize business performance."
In addition to technology advances and company achievements in 2007, the company continued to be a leader in advancing the overall awareness and education about ERM by speaking at many industry gathering and by launching a blog
about the subject. In the short time it's been in existence, the blog has become a resource for customers, partners, press and other industry watchers for the latest in enterprise risk management trends and key drivers. Written by risk management, compliance and audit experts at OpenPages, regular bloggers include Gordon Burnes
, Patrick O'Brien
, Mike Flouton
, Scott Kwarta
and Derek Titterington
. For more information, please visit: www.openpages.com/blog
OpenPages(R) is the leading provider of enterprise risk management solutions that optimize business performance. OpenPages empowers the world's largest companies by unifying governance, risk and compliance across the enterprise and by incorporating risk management into day-to-day business processes. Founded in 1996, the company is headquartered in Waltham, Massachusetts, with international offices in Japan and the United Kingdom, and regional offices throughout North America.
For questions or for more information on OpenPages' enterprise risk management solutions, please click here
or call us at 781.693.5999.
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HiWired Closes $9 Million Series B Funding Round Led By North Hill Ventures
Needham, Mass. January 2, 2008 --
HiWired, a provider of technology support and solutions for ISPs, retailers, small businesses and consumers, today announced it has closed a $9 million Series B round led by North Hill Ventures. Kodiak Venture Partners and Sigma Partners, previous investors in HiWired's Series A funding round, also significantly participated.
According to Shamez Kanji, general partner at North Hill Ventures, "Technology has become very pervasive in our everyday lives as we saw this past holiday season when consumers received more electronic gifts than ever before. We see a significant growth opportunity in digital home services and HiWired has quickly emerged as one of the industry leaders and experts in this space. The company's innovative approach to enabling premium services thru its proprietary SMART Technology Platform has proven attractive to numerous retailers, ISPs and OEMs who seek a turnkey solution that builds new revenue streams, enhances end-user relationships and reduces returns or churn."
HiWired will use the financing to expand its marketing and sales efforts, and for the continued development of its technology services and customer interaction platforms. HiWired currently provides its live, U.S.-based consumer tech support and hosted software services to a number of Fortune 500 customers, including OfficeMax via its ctrlcenter brand. The company also provides its solution to Cox Tech Solutions, a tech support service for Cox Communications customers.
"As broadband providers, retailers and OEMs strive to provide differentiated services and deepen their customer relationships, we have seen overwhelming demand for our integrated software and service solutions," said Singu Srinivas, president and co-founder of HiWired. "HiWired takes a unique approach to delivering PC support and other digital home services to our partners by offering a customizable turnkey software and call center solution that has our partners up and running in under 45 days."About HiWired
Founded in 2004 by IBM services veterans Singu Srinivas and Michael Wexler, HiWired provides retailers, broadband providers, OEMs, small businesses and consumers with immediate, expert support for the PC and any technology that integrates with the PC including wireless networks, iPods, digital cameras, and smartphones. HiWired offers incident-based and ongoing remote technical support for customers struggling with technology tasks ranging from setup of new computers and digital devices to problem solving with more complicated technology and networking configurations. For more information visit,http://www.hiwiredinc.com/
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Austin Logistics Receives 2007 Product of the Year Award
OnQ(TM)Honored for Outstanding InnovationAustin, TX, December 18, 2007 --
Austin Logistics, the leading provider of event-based analytic software that maximizes the value of each customer interaction, announced today that OnQ, its patented solution that automates and centralizes campaign and list management, has received a 2007 Product of the Year Award from Technology Marketing Corporation's (TMC) Customer Interaction Solutions magazine (http://www.cismag.com/
), the leading publication covering CRM, call centers and teleservices since 1982.
OnQ automates outbound calling campaigns, adding power and flexibility to existing dialing systems. The solution drives regulatory and policy compliance, improves operational efficiencies and adds a new level of intelligence to outbound strategy management.
"Austin Logistics has proven they are committed to quality and excellence in solutions that benefit the contact center experience as well as ROI for the companies that use them. I am pleased to honor their hard work and accomplishments and look forward to more innovative solutions from Austin Logistics in the future," said Nadji Tehrani, Executive Group Publisher and Editor-in-Chief of Customer Interaction Solutions. "For 10 years, Customer Interaction Solutions magazine has been recognizing companies that have demonstrated excellence in technological advancement and application refinements."
"We're thrilled that Customer Interaction Solutions has named OnQ as a 2007 Product of the Year," said Tom Miller, senior vice president, Austin Logistics. "Especially in volatile economic times, with delinquencies rising rapidly and customer attrition rates soaring, the ability to quickly and easily deploy effective outbound collections and marketing campaigns is key to increasing the profitability of each customer interaction."
The 10th Annual Product of the Year Award winners will be featured in the January 2008 issue of Customer Interaction Solutions magazine.
For more information about the Customer Interaction Solutions' 2007 Product of the Year Awards or any of the TMC media properties, please visit http://www.tmcnet.com/
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Compete Launches New Service to Improve Impact of Search on Sales and Branding
Search Analytics Select(TM) uniquely combines customer segmentation and search strategies for more profitable search marketing performanceBoston, MA., December 12, 2007 --
Compete, Inc., a leading web analytics company, today released Search Analytics Select(TM), the only search marketing service that infuses search strategies with the precision of customer segmentation. By precisely targeting searches within their most profitable customer segments, marketers can focus on how their search investments are lifting sales and building brand equity. Search Analytics Select starts with the same industry-leading online consumer data that powers Compete.com, delivering deeper insights across more consumers, more terms and more sites, and promises a more profitable return for every dollar invested on search.
"In search, better targeting brings us closer to the holy grail of advertising," said Kevin Lee, Executive Chairman and Co-Founder of Didit. "The key is to identify the 'power segments' that provide better conversion, higher immediate value and better lifetime value. This drives a dramatically higher ROI and profit. Today, the brilliant marketers are buying intelligently through segmentation and a strict focus on profit maximization and ROI tuning."
For marketers, Search Analytics Select answers important questions such as:
-What is the impact of my search efforts on branding and future sales?
-How do I compare to rivals on post-click-through conversion and engagement metrics?
-How profitable are my search investments compared to my rivals?
-In what customer segments are my search efforts most effective/ineffective?
-What are the most important terms in my most important segments?
-What changes can I make now to my bidding and landing pages to get better results?
"Marketers who simply cast a wide net with search are seeing diminishing returns for their investment," said Jeremy Crane, director of search and online media at Compete. "Search Analytics Select changes this by letting marketers focus on what will really lift sales and drive branding among their most important customers. It lets you focus your search strategies and concentrate on the terms and sites your customers are showing you -- through their behavior -- will have the greatest pay off."How Search Analytics Select Works
Search Analytics Select measures query, referral and post-click data across Google, Yahoo, MSN/Live, AOL and Ask. The service uses proprietary behavioral taxonomies to segment searchers based on their online behavior; Compete offers more than 100 pre-defined shopping and lifestyle segments including Auto Intenders, Mobile Pre-churners, Online Bankers, Fantasy Sports Enthusiasts, Online Socialites and Pet Lovers. A search marketer selects the segments relevant to them and Compete delivers monthly interactive workbooks consisting of the total number of search referrals, search referral share versus key competitors, engine share, keywords and immediate and lagged post-click-through conversion and engagement measures.
The Compete data is equally useful for hands-on search analysts and business executives seeking a more holistic view of their customer sets. By focusing on how their best customers are actually behaving, marketers can more accurately measure the direct response and brand impact of search campaigns, strategically alter term portfolios and bidding strategies and refine their site design to increase efficiency and ROI.
For more information on Compete Search Analytics Select email [email protected]
.About Compete, Inc.
Compete helps the world's top brands improve their marketing based on the online behavior of millions of consumers. Leading marketers such as Carlson Hotels Worldwide, Hyundai Motor America, Upromise, Chrysler, and Verizon Wireless rely on Compete's services to create effective online experiences and highly profitable advertising campaigns. Compete's online behavior database -- the largest in the industry -- makes the web as engrained in marketing as it is in people's lives. Compete was founded in 2000 and is located in Boston, MA, with offices throughout the U.S. For more information about us, please visit http://www.competeinc.com/
, or to join the conversation visit http://www.compete.com/
All logos, company and product names may be trademarks or registered trademarks of their respective owners.
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Tervela Names Tech Industry Veteran to CEO Post
Former LiveVault CEO Robert A. Cramer to Lead Company as It Accelerates GrowthNEW YORK, December 5, 2007 --
Tervela, the leading developer of high-performance messaging systems, today named Robert A. Cramer as Chief Executive Officer. Cramer succeeds J. Barry Thompson, Tervela's founder, who takes over as Chief Technology Officer.
"Tervela gives financial services firms the means to effectively address debilitating message volume growth," said Thompson. "With deployments at some of the world's most demanding organizations, we are now ready to move to the next phase of business growth. Bob knows how to turn companies that have created transformative technologies -- like Tervela -- into cross-industry powerhouses."
Cramer was previously CEO of LiveVault, a pioneer in software-as-a-service targeting the IT market. LiveVault was acquired by Iron Mountain in 2005. Prior to that, he served as CEO of FirstSense, which was acquired by Concord Communications. Cramer also held senior sales and marketing positions at Oracle, AT&T and Ingres. He received his BS from the University of Massachusetts at Amherst and his MS from the University of California at Berkeley.
"Messaging volumes show no signs of abating on Wall Street or in other industries where speed affects profits and operations," said Cramer. "This is a world class team, backed by world class investors and a visionary founder who saw an opportunity to tackle a challenge that stands to not only change global financial services markets, but will radically transform the future computing and communications landscape."
Tervela recently released a hardware accelerated messaging platform that gives latency-dependent organizations -- such as the global banking industry -- the capacity to outpace exponentially increasing market data volumes. In production settings, customers have experienced up to a 1,000X improvement in capacity and performance over legacy messaging systems.About Tervela
Founded in 2004, Tervela develops and sells a hardware-accelerated messaging appliance that combines hardware, software and networking technologies to uniquely solve the massive volume issues plaguing data-intensive, speed-driven computing environments. The company is funded by Goldman Sachs, Sigma Partners, North Hill Ventures and Acartha Group. Customers include the world's largest investment banks, hedge funds and liquidity pools.
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H&R Block Financial Advisors Deploys Forefield Advisor and Newsletters
November 1, 2007 –H&R Block Financial Advisors will deploy Forefield Advisor and Forefield Newsletters to all H&R Block financial advisors (FAs).
Forefield will provide H&R Block Financial Advisors with the on-demand education and client presentation capability of Forefield Advisor. Forefield Advisor allows FAs to choose from more than 120 client-approved pieces and 3,000 updated articles, interactive tools, industry-related email alerts, sales presentations, and calculator presentations for FA educational use. In addition, H&R Block Financial Advisors FAs can use Forefield Newsletters to create personalized, on-demand client newsletters and send them to clients and prospects via hard copy or via email.
"H&R Block Financial Advisors is a real thought leader in the development of a comprehensive platform. By working with H&R Block Financial Advisors, we were able to interface their CRM solution with Forefield's distribution technology to produce a seamless solution for the FAs' sales, education, and client communication needs," said Brent Delehey, CEO of Forefield.About Forefield Inc.
Established in 1997, Forefield is the foremost provider of real-time sales, education, and client communication solutions for financial institutions and their advisors. Forefield's web-based solutions facilitate the communication of client-centric financial planning knowledge and advice that is current, concise, and compliant. For more information, visit www.forefield.com/nationalfinancial
.About H&R Block Financial Advisors
H&R Block Financial Advisors provides brokerage services and investment planning in the U.S. Services offered include traditional brokerage services, as well as annuities, insurance, investment advisory accounts, online account access, equity research and focus lists, model portfolios, asset allocation strategies and other investment tools and information.
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