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InsideView Announces Record Fourth Quarter.


160% Customer Growth and Steep Gain in Revenue Demonstrate Burgeoning Demand for InsideView's Unique Web 2.0 Sales Application

SAN BRUNO, Calif. -- InsideView announced that the company saw record revenue and customer growth in the fourth quarter of 2007, signaling significant momentum in the adoption of InsideView's revolutionary Web 2.0 sales application. InsideView grew its customer base by 160 percent in the quarter by signing 56 new customers, including a diverse range of companies such as Yahoo!, Herman Miller and American Power Conversion. This uptick in customer wins drove an impressive 40 percent increase in revenue for the quarter.

InsideView's meta-aggregation technology delivers critical company intelligence and information on key decision-makers and social network connections in order to accelerate the sales cycle and ultimately close more deals. InsideView has consistently grown its customer base since introducing this pioneering sales application in 2006. However, the acceleration of customer adoption in Q4 reflects powerful momentum for the company.

"Sales and marketing managers are recognizing the power and necessity of InsideView's unique Web 2.0-based technology to streamline sales strategy and execution," said Umberto Milletti, CEO and cofounder of InsideView. "The momentum we have gained in the last quarter of 2007 will accelerate in 2008, as we make several announcements in the first quarter that will transform the landscape of sales applications for individual sales people, SMBs and enterprise customers."

About InsideView

InsideView is the pioneer and leading provider of actionable intelligence for cutting-edge sales and marketing organizations. InsideView automatically discovers rich selling opportunities, notifies salespeople in real time and delivers critical relevant information on companies and connections needed to engage customers and close sales. InsideView dramatically reduces cold calling and research, revolutionizes prospecting, drives higher sales and builds high-performance pipelines. The company is privately held and venture-backed by Emergence Capital Partners, Greenhouse Capital Partners and Rembrandt Venture Partners. InsideView also partners with salesforce.com and SugarCRM. InsideView's customers include Ariba, Centive, GlobalKnowledge, Jobscience, Rearden Commerce, RightNow Technologies, ServiceSource, Symantec and WebEx. Founded in 2005, InsideView is headquartered in San Bruno, Calif. with operations in Hyderabad, India. For more information, visit www.insideview.com.

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Publication:Business Wire
Article Type:Financial report
Date:Jan 28, 2008
Words:352
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