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InsideSales.com Completes $35 Million Round From U.S. Venture Partners and Hummer Winblad Venture Partners to Support Continued Hyper Growth
PROVO, UT, Jan 08, 2013 (MARKETWIRE via COMTEX) --
InsideSales.com today announced it has completed a $35 million
Series B round of financing led by U.S. Venture Partners and joined
by existing investor Hummer Winblad Venture Partners.
InsideSales.com is the leading provider of cloud-based, sales
automation and predictive analytics for inside sales professionals.
The company is well known for its sales research and best practices,
as published in the Harvard Business Review, Inc., Forbes, Fast
Company, and the latest article in Bloomberg.
"We are leading the revolution of companies adopting the inside sales
way of sales," said David Elkington, InsideSales.com founder and CEO.
"Our technology is fundamentally changing the way people think about
and interact with their prospects and customers. We apply science and
statistics to sales, increasing productivity and results for our
customers. This funding will help us keep up with the demand in the
market, add needed capacity, and to continue to innovate new
solutions and technologies that will drive our customers success and
growth."
InsideSales.com clients include enterprise powerhouse companies such
as Cisco, Dell, Eloqua, Gannett, Groupon, NEC, Marketo, and Seagate.
In the last year, InsideSales.com has grown over 100 percent in
sales, and 120 percent in employee count. In that same timeframe, the
U.S. Patent Office awarded InsideSales.com three patents of its many
pending applications.
"InsideSales.com is riding the crest of four different growth trends
all at the same time: SaaS, inside sales, internet-based lead
generation, and predictive analytics," said Dafina Toncheva, Partner
of U.S. Venture Partners.
"Our partnership with InsideSales.com is based on what they have
accomplished in growth, execution, and market positioning; as well as
their strong vision and proven high velocity analytics-based business
model," said Steve Krausz, General Partner of U.S. Venture Partners.
"We have seen the traditional sales model evolve," said Mark
Gorenberg, Managing Director, Hummer Winblad. "InsideSales.com is
leading the way with an entire platform of software, telephony, and
predictive analytics solutions that put their clients in a position
of leverage well ahead of their competition."
As part of the financing, Dafina Toncheva will join the
InsideSales.com Board of Directors, complementing Mark Gorenberg and
recently added Josh James, Founder of Omniture and CEO and Founder of
Domo. David Elkington, Ken Krogue (founder and President) also serve
on the InsideSales.com Board of Directors.
About InsideSales.com, Inc.
InsideSales.com is the worldwide leader in cloud-based, sales
automation and predictive analytics for inside sales professionals.
Their PowerDialer for Salesforce 5.0 has been one of the most popular
applications on the Salesforce.com AppExchange for over five years.
The company was recently recognized #9 by Inc. Magazine for employee
growth in Utah and #347 of the 500 Fastest Growing Companies on
Deloitte's 2012 Technology Fast 500. The company was also named
Service Provider of the Year by the American Association of Inside
Sales Professionals (AA-ISP). To try the technology with your sales
team, visit: www.insidesales.com.
About U.S. Venture Partners
U.S. Venture Partners (USVP) is a leading early-stage
silicon-valley-based venture capital firm that has focused in the
areas of enterprise, SaaS, and security software. USVP has been
around since 1981 and is currently investing its tenth fund from its
headquarters on Sand Hill Road in Menlo Park, California. For more
information, visit www.usvp.com.
About Hummer Winblad Venture Partners
Hummer Winblad, a leading venture capital firm in the Bay Area
focused exclusively on software investments, manages over $1 billion
in cumulative capital. Since the firm's inception in 1989, it has
launched over 100 new software companies. For more information, visit
www.humwin.com.
Contact:
A. Cory Maloy
(801) 319-7900
Email Contact
SOURCE: InsideSales.com
http://www2.marketwire.com/mw/emailprcntct id=FC8C6DB41035D4E0
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