GoodData(R) Joins the ServiceSource(R) Recurring Revenue Alliance
GoodData to Equip ServiceSource Renew OnDemand(TM) Customers With
Cloud-Based Business Intelligence
SAN FRANCISCO, CA -- (Marketwired) -- 09/04/13 -- GoodData, the
leader in cloud business intelligence, today announced that it is
joining the Recurring Revenue Alliance,(TM) a strategic initiative
led by ServiceSource (NASDAQ: SREV), the global leader in recurring
revenue management. The alliance is designed to help businesses
generate revenue and increase customer retention by creating best
practice-based, end-to-end recurring revenue solutions.
GoodData cloud-based analytics complements ServiceSource Renew
OnDemand by analyzing customer data and visualizing in real time the
performance of a company's recurring revenue business. Renew OnDemand
is the only cloud application built specifically to grow recurring
revenue and automates a highly valuable but typically manual business
process, helping companies boost overall renewal rates by 15
Valued at $310B , the recurring revenue market for maintenance,
subscriptions and support is a crucial area for every SaaS and
technology company. By helping SaaS companies better understand
shifts in customer satisfaction, Good Data and ServiceSource Renew
OnDemand maximize a company's renewals business. Other announced
members of the Recurring Revenue Alliance include BigMachines,
MuleSoft, Okta, Practera, salesforce.com, and Xactly.
"GoodData has become a critical component for businesses seeking to
turn their data into profit," said GoodData CEO Roman Stanek. "As a
charter member of the Recurring Revenue Alliance, we can extend the
benefits of GoodData even further, helping SaaS companies maximize
the recurring revenue that is the lifeblood of their business."
"We welcome GoodData's business intelligence and cloud analytics
expertise to the Recurring Revenue Alliance," said Christine Heckart
Executive Vice President of Marketing, People, Strategy and Systems
at ServiceSource. "As an industry leader, GoodData helps companies
monetize their data, a critical function that aligns with the vision
of the Recurring Revenue Alliance. We're pleased to add another
powerful solution to help our customers tap into the growing
recurring revenue opportunity."
 Gartner, Inc.,
"Forecast: IT Services, 2008-2015, 2Q11 Update." Mertz, Sharon A. et
al, 22 June 2011.
GoodData provides a cloud-based platform and apps
that enable more than 20,000 global businesses to turn data into
business advantage. GoodData is headquartered in San Francisco and is
backed by Andreessen Horowitz, General Catalyst Partners, Fidelity
Growth Partners, Next World Capital, Tenaya Capital, TOTVS Ventures
and Windcrest Partners. For more information, read our blog, visit
our website and follow @gooddata on Twitter.
Copyright2013 GoodData Corporation. All rights reserved. GoodData is
a trademark of GoodData Corporation in the United States and other
jurisdictions. Other names used herein may be trademarks of their
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