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Last $4.35 USD
Change Today -0.14 / -3.12%
Volume 220.6K
SREV On Other Exchanges
As of 8:10 PM 10/12/15 All times are local (Market data is delayed by at least 15 minutes).

servicesource international (SREV) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/13/15 - $6.15
52 Week Low
10/15/14 - $2.82
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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servicesource international (SREV) Details

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company operates in two segments: Managed Services, and Cloud and Business Intelligence. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring revenue business intelligence. The company provides ServiceSource Revenue Analytics, a revenue lifecycle management platform that helps subscription-based businesses to execute processes across on-boarding and adoption, up-sell and cross-sell, and retention and renewals throughout the revenue lifecycle; and Renew OnDemand, a cloud application, which offers customers with an unified view of the data from various sources and leverages a data warehouse of transactional, analytical, and industry information. It also provides ServiceSource Customer Success, a customer success management solution that enables customer to profile various stages of the customer lifecycle; and managed services comprising service performance analysis, business case, pricing and contract structuring, recurring revenue performance, customer benchmarking and continuous improvement, and developing and delivering applications. The company sells its solutions through sales organization worldwide. ServiceSource International, Inc. was founded in 2002 and is headquartered in San Francisco, California with additional offices in Colorado, Tennessee, and Washington, as well as in the United Kingdom, Ireland, Malaysia, Singapore, and Japan.

3,017 Employees
Last Reported Date: 03/17/15
Founded in 2002

servicesource international (SREV) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $41.7K
Compensation as of Fiscal Year 2014.

servicesource international (SREV) Key Developments

ServiceSource Announces Plans to Open Service Delivery Center in Philippines

ServiceSource announced that it is expanding its global presence and accelerating its growth engine with a new service delivery center in the Philippines. The new facility, located in a region fast becoming a hub for global enterprise expansion, is scheduled to begin operations in the first quarter of 2016. As a result, ServiceSource will vastly increase its global competitiveness, expand its capacity to serve current and future customers, as well as accommodate the growth in demand for its Revenue Lifecycle Management (RLM) solutions around the world. This new Philippines center will increase ServiceSource’s capacity to deliver 24/7 operations, enabling the company to provide faster delivery times and execute sales-related activities at a larger scale. In addition, the center will expand the company’s best-in-class global support coverage with direct access to a growing pool of well-educated, English-speaking talent. With plans to grow to 500 employees, this move will provide the company with the ability to locate a variety of standardized, process-driven activities within this center, increasing capacity for more strategic and high-touch roles in other in-market centers. The new center will also allow the company to pilot and integrate next-generation delivery technologies from the ground-up and deploy them at scale, providing for an even more seamless sales support experience.

Levi & Korsinsky, LLP Notifies Shareholders of Servicesource International, Inc. of Pendency of Class Action

Levi & Korsinsky, LLP notified that a securities class action lawsuit has commenced in the USDC for the Northern District of California on behalf of purchasers of ServiceSource securities between January 22, 2014 and May 1, 2014. The complaint alleges that throughout the Class Period defendants issued materially false and misleading statements regarding the company's business, operations, and management which caused the stock price to inflate, allowing certain insiders to sell their ServiceSource stock at artificially-inflated prices and allowing Defendant Mike Smerklo, President and CEO of ServiceSource, to obtain millions of dollars in cash bonuses and other perks.

ServiceSource Appoints Judy Morris as its Chief Human Resources Officer

ServiceSource announced that it has appointed seasoned HR executive Judy Morris as the company’s Chief Human Resources Officer. Morris will lead ServiceSource’s HR team across all regions focusing on the attraction, development and retention of talent at all levels. Morris will also play an instrumental role in shaping the company’s future by defining an HR vision and strategy that ties together culture, systems, processes and programs across the entire global organization. In her new role, Morris will be responsible for all aspects of HR leadership, and for designing and implementing human resources strategies and services that serve the current demands and anticipate the future needs of the company. In addition, Morris will be responsible for creating and managing an effective high-volume talent acquisition strategy to ensure the appropriate level of hiring is met to support the company’s rapidly expanding client and organizational needs. Prior to joining ServiceSource, Morris served as Senior Vice President of HR at Aegis Global.


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