BlueRoads Accelerates Business With 100% Revenue Growth; Leading Channel Management Company Increases Sales, Gains Vertical Momentum and Expands Executive Staff.SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. -- BlueRoads Corporation, a leading provider of channel management solutions delivered via the Software-as-a-Service (SaaS) model, today announced record results for the second quarter of 2006 having grown revenue over 100% from the same quarter in 2005. The rapid sales expansion is indicative of growing customer demand for channel management solutions. Since its founding in 2001, BlueRoads has focused exclusively on delivering the industry's most comprehensive sales channel management suite targeted for customers whose businesses rely on complex, multi-channel sales models. Thousands of vendors and channel partners use BlueRoads to increase visibility, control and value in their sales channels. Complementary to existing CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. and SFA See sales force automation. SFA - Sales Force Automation investments, BlueRoads' channel management suite integrates smoothly with current systems and brings best practice management of both indirect and channel sales for the first time. "Forward-looking companies deployed CRM and SFA tools for their direct sales and marketing teams beginning in the late 1990's and recognized significant improvements in efficiency for direct sales and marketing," said Shinya Akamine, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BlueRoads Corporation. "Now leading companies are recognizing the significant revenue opportunities via indirect channel sales and are seeking targeted channel management tools to enable them to optimize partner effectiveness, channel marketing and opportunity tracking for the hundreds to thousands of third party companies that comprise their sales channels." With over a half a decade of commercial use, vendors turn to BlueRoads for its wide range of experience in driving value in the sales channel. The number of active end users on the BlueRoads system increased 60% in the first half of 2006 while the number of sales partner organizations actively using the system increased over 70% in the same period. Customer adoption is further fueled by the fact that over 1000 networking, security and storage specialized resellers organizations are already active on the BlueRoads system, making it the choice for vendors seeking to maximize partner participation. In addition to sales expansion, the company continued to grow its organization rapidly to extend its industry leadership. BlueRoads increased its workforce by 45% since the beginning of the year to accelerate the pace of new product innovation. Key executives are also being added to lead the company into the next stage of growth. Most recently, Bill Munroe was named VP of Sales and Business Development. Mr. Munroe joins the company with over 18 years of high technology service model experience with established companies such as EDS (Electronic Data Systems, Plano, TX, www.eds.com) Founded in 1962 by H. Ross Perot (independent candidate for the President of the U.S. in 1992), EDS is the largest outsourcing and data processing services organization in the country. and MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. as well as fast growing start-ups such as RemarQ, Critical Path and Postini. In addition, Ron Barale, most recently SVP SVP S'il Vous PlaĆ®t (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul of Engineering of Epiphany, took over as VP of Engineering. With over 20 years experience leading the development of CRM and other business applications, Mr. Barale is charged with bringing the robustness and product quality that customers expect in enterprise software to the SaaS deployment model that is best for maximizing partner usage of channel management solutions. About BlueRoads Corporation BlueRoads Corporation provides Channel Management solutions as an on-demand service. BlueRoads' service, enables vendors and channel partners to work together seamlessly to increase visibility and control of indirect channel sales. BlueRoads' customer portfolio includes: Avaya, Nortel, Hitachi Data Systems See HDS. , PGP (Pretty Good Privacy) A data encryption program from PGP Corporation, Palo Alto, CA (www.pgp.com). Published as freeware in 1991 and widely used around the world for encrypting e-mail messages and securing files, PGP is available for commercial use and as freeware for and Proofpoint. The company is headquartered in San Mateo, California San Mateo is a city in San Mateo County, California, in the San Francisco Bay Area. It is one of the larger suburbs on the San Francisco Peninsula, located between Burlingame to the north, Foster City to the East, and Belmont to the south. and is financed by ArrowPath Venture Capital, Cardinal Venture Capital and El Dorado El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. Ventures. For more information about how BlueRoads is helping companies create active channels with higher returns visit our website at http://www.blueroads.com or call 650.349.8500. |
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