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Brainshark Achieves Key Business Milestones for First Half of 2008
(Marketwire Via Acquire Media NewsEdge) WALTHAM, MA, August 21 / MARKET WIRE/ --
-- Brainshark, the leader in
on-demand presentations, today announced the company achieved strong
results through the first half of 2008, with revenue growth of 35% over the
same period last year.
-- Now exceeding 750 customers, Brainshark added many leading
organizations to its roster spanning key industries including healthcare,
life sciences, technology, financial services and insurance.
-- Among the new customers signed this year were Ansell Occupational
Health, Ashland Inc., Blackstone Medical, Blue Cross of Idaho, Calamos
Investments, Grand Circle Travel, The Guardian Life Insurance Company of
America, Omnicell, One Beacon, Scott Health & Safety, and Terex
Corporation.
-- Brainshark also expanded relationships with dozens of existing
customers such as Kaiser Permanente and Stryker Corporation.
SaaS Product & Service Highlights
-- In the first quarter, the company launched the Brainshark Content Network, an online marketplace of
on-demand, user-generated content for business learning. Today over 225
presentations are available including both free and fee-based content on
topics that range from Sarbanes-Oxley Compliance to Creating a Green-er Company.
-- The latest release of the Brainshark Presentations? application
included a new option for delivering Brainshark on-demand presentations
within a Content Portal. The Brainshark Content Portal allows
organizations to share best practices, communications, training and
enterprise knowledge with their key audiences in a collaborative, hosted
environment and to develop communities around valued content using social
media tools.
-- As a leading SaaS provider, reliability, security and scalability are
paramount. Year-to-date the company reported 99.999% availability, or
"Five 9s" of uptime. The company also established a warm business
continuity / disaster recovery site with a full remote failover
architecture over 1,000 miles from its current site, to provide added
reliability and data recovery in the event of a regional disaster.
Customers Achieve Significant ROI
-- As rising fuel costs and a challenging economy caused many companies to
look for ways to reduce travel, cut costs, and increase productivity,
Brainshark proved to be an invaluable solution. Customers shared stories
of benefits such as
increasing revenues by 70% to 200%, decreasing training costs by 50%, improving customer
satisfaction, and reducing the time and cost of global communications.
-- Customer adoption continued to escalate. Activity surpassed all
previous records during the month of April 2008 as customers and their
audiences viewed on-demand presentations more than 500,000 times and
exceeded 7.9 million minutes of viewing time in that one month alone.
Partners Align With Brainshark
-- Brainshark established strategic reseller partnerships with Premiere
Global Services, a leading communications technology provider; as well as
overseas companies OdX in the United Kingdom and Business Solutions in
Israel.
-- The company expanded its relationship with InterCall, a leading
conferencing service provider, who helped to bring more than 20 new
customers to Brainshark in the first half of 2008.
-- Marketing solution providers Corvent, Eloqua, SalesEdge, and Silverpop
also became referral partners.
-- Based on the numerous successes that customers have realized with the
Brainshark Connector to Salesforce.com, the company became an AppExchange
"Select" partner with Salesforce.com.
Quote
Attributed to Joe Gustafson, CEO of Brainshark
-- "As economic pressures continue, companies are increasingly looking
beyond point solutions to identify efficiencies that can scale across their
business. Brainshark is a scalable, enterprise-class platform that works
across functional boundaries to help businesspeople deliver faster,
convenient communications that drive revenues and reduce cost."
-- "We're thrilled to be serving more than 750 companies who are choosing
Brainshark to accelerate communications with impressive results."
About Brainshark
Brainshark is the leader in on-demand presentations, transforming static
business content into high impact communications with the people who most
influence your business. Delivered via Software-as-a-Service (SaaS)
Brainshark lets audiences access and engage with business content when and
how they want. More than 750 companies -- including a third of the Fortune
100 -- rely on Brainshark software and services to help sales, marketing,
training and HR experts cost-effectively deliver measurable results to
their organizations. For more information, visit www.brainshark.com.
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Contacts:
Joan Babinski
Brainshark
781.370.8001Email Contact
Ashiya N. Smith
Horn Group, Inc.
646.202.9753Email Contact
Copyright ? 2008 Marketwire
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