ServiceSource Scales to Manage $8 Billion in Recurring Revenue With MongoDB
Leading NoSQL Database Selected to Meet Big Data Challenges and
NEW YORK, NY and PALO ALTO, CA -- (Marketwired) -- 04/23/13 --
10gen, the MongoDB company, today announced that ServiceSource(R)
(NASDAQ: SREV), the global leader in recurring revenue management,
selected MongoDB to power its Renew OnDemand cloud application.
Renew OnDemand is the only cloud application built specifically to
increase recurring revenue. Based on 12 years of best practices in
growing recurring service, maintenance and subscription revenue,
Renew OnDemand integrates data from multiple sources, automates the
renewal process and provides real-time analytics that companies use
to make business decisions that increase revenue.
MongoDB serves as the main data store for Renew OnDemand and replaced
a relational database that was unable to handle data volumes and
scale horizontally as ServiceSource continued to grow. ServiceSource
relied on MongoDB when it created Renew OnDemand's infrastructure to
move from a legacy environment to an enterprise-ready cloud platform.
"We're in the business of helping customers increase recurring
revenue by finding and managing opportunities in very large volumes
of end customer, product and service data," said Greg Olsen, Chief
Technologist and Vice President of Engineering at ServiceSource.
"MongoDB allows us to support surging amounts of data, and more
importantly, provides the agility required to adapt to evolving and
changing customer needs."
"10gen and MongoDB are uniquely positioned to help companies like
ServiceSource move from managed services to a SaaS environment with
ease," said Max Schireson, CEO at 10gen. "We're pleased that MongoDB
provides the scalability and flexibility that can help ServiceSource
continue to store and analyze data and grow customers' recurring
ServiceSource will share its success with MongoDB in a talk titled
"How ServiceSource Revolutionized Its Business and Moved to the Cloud
with MongoDB" at MongoDB San Francisco, 10gen's annual one-day Bay
Area event on May 10, 2013, at the Palace Hotel in San Francisco,
As one of the most popular new technologies, MongoDB has more than 4
million downloads, 50,000 Online Education registrations, 15,000
MongoDB User Group (MUG) members, 14,000 MongoDB Monitoring Service
users and 10,000 attendees at MongoDB global events in 2012.
MongoDB is the open-source, document database popular among
developers and IT professionals due to its agile and scalable
approach. MongoDB provides a JSON data model with dynamic schemas,
extensive driver support, auto-sharding, built-in replication and
high availability, full and flexible index support, rich queries,
aggregation, in-place updates and GridFS for large file storage.
10gen is the company behind MongoDB, the leading NoSQL
database. MongoDB is the open-source, document database that is
reshaping the market due to the popularity of its agile and scalable
approach among developers and IT professionals. 10gen leads MongoDB
development, supports the large and growing MongoDB community,
provides commercial subscriptions including support, and offers
consulting and training. For more information, visit www.10gen.com.
About ServiceSource, Inc.
ServiceSource is the global leader in
recurring revenue management. The world's most successful companies
rely on us to maximize subscription, maintenance and support revenue,
improve customer retention and increase business predictability and
insight. ServiceSource delivers results with Renew OnDemand, the
world's only cloud application built specifically to manage and grow
recurring revenue, which can be combined with our industry-leading
With over a decade of experience focused exclusively in growing
recurring revenue, our services and applications are based on proven
best practices and global benchmarks. The company is headquartered in
San Francisco, and has over $8 billion under management for customers
in more than 150 countries and 40 languages.
ServiceSource and any ServiceSource product or service names or logos
above are trademarks and/or registered trademarks of ServiceSource
International, Inc. All other trademarks used herein belong to their
For more information on ServiceSource, visit
http://www.servicesource.com. To connect with ServiceSource, visit us
on Twitter, LinkedIn and YouTube.
Schwartz MSL for 10gen
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