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a4 Partners with Inscape to Deliver Smart TV Insights to Marketers and MVPDs

a4 Is Expanding Its Audience-Based, Multiscreen Advertising Solution with Data Insights from Millions of Smart TVs

Altice USA had recently unveiled a4 as their advanced advertising and data business division. Today, a4 has announced a key partnership withInscape Data Inc., the leading provider of Automatic Content Recognition (ACR) data. This partnership is aimed at augmenting set-box data with data from nearly nine million connected VIZIO TVs.

a4media--_-Inscape

Inscape’s TV audience viewing data is leveraged by OEMs, brands, agencies, networks, measurement companies, DMPs, and marketing technology platforms to power massive transformations in the industry. Its glass-level insights bring a new level of speed, transparency, and actionability to the global TV marketplace.

a4’s platform makes it easy for marketers to plan and deliver cross-screen, addressable media campaigns on a national, local and even a household level. Integrating Inscape, the largest single source of opt-in Smart TV viewing data available to license in the U.S., helps a4 solve the complex puzzle of audience targeting for networks and marketers.

“Partnering with Inscape solidifies our national footprint and allows us to expand our portfolio and capabilities into OTT media and analytics,” says John Povey, SVP Marketing and Analytics at a4.

John added, “Adding their data allows us to extend our reach and capabilities beyond linear with near-real-time Smart TV insights.”

With this partnership, a4 adds insights collected from nearly nine million Smart TVs to its footprint of more than 90 million households, 85 percent of broadband subscribers and one billion devices in the U.S. That data includes de-identified Altice USA subscriber data and viewership and device-level data from MVPDs across the country, which a4 receives in exchange for providing MVPDs with its platform.

“a4 understands that in order to deliver relevant marketing campaigns in an omnichannel world, marketers need to have access to scaled, granular and fast television viewing data for greater targeting and unprecedented ad measurement,” said Greg Hampton, VP of Business Development at Inscape.

Greg added, “We look forward to this collaboration, adding actionable TV data into their offering and watching the impact and value it brings for their customers.”

Currently, Inscape is recognized as a leading TV intelligence company that captures highly accurate, up-to-date viewing data from millions of Smart TVs.  The company is a leading provider of automatic content recognition (ACR) technologies and comprehensive cross-screen metrics.

a4 provides audience-based, multiscreen advertising solutions to local, regional and national businesses and advertising clients. a4 enables advertisers to reach more than 90 million U.S. households on television through cable networks, on-demand and addressable inventory across the U.S., and more than 45 million U.S. households through authenticated, privacy-compliant IP addressability supported by rich data sets and powerful analytics and attribution services in a simple, user-friendly way.

Salesforce and Publicis.Sapient Release New Retail Research Ahead of Holiday Season from 6,000 Consumers and 1.4 Billion Ecommerce Visits

For retailers in the digital age, the holiday preparations begin months before snow blankets large swaths of the Northern Hemisphere. Consumer habits tend to change in tandem with technological evolution—meaning that as devices get smarter, shoppers expect retailers to provide more personalized and relevant customer experiences when buying anything, from anywhere, at any time.

To arm retailers with the latest consumer behavior trends and preference data before the holidays, Salesforce and Publicis.Sapient released the second edition of the “Shopper-First Retailing” report, outlining the new rules of retail from the eyes, voices and actions of consumers, backed by data collected from half a billion people worldwide.

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Among the new rules for retail are: make it fresh, be where your customers are, and give the customer experience meaning. Nearly 70 percent of customers expect to see new merchandise when visiting a website or brick-and-mortar store. Almost 90 percent of consumers start their shopping search on digital channels. And, 64 percent of shoppers feel as if retailers don’t know them. Retailers should heed these three mandates when crafting consumer experiences, across devices and in physical stores.

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Salesforce and Publicis.Sapient “Shopper-First Retailing” analyzed Salesforce Commerce Cloud data from 1.4 billion ecommerce journeys taken by 500 million consumers, in addition to 200 million Salesforce Service Cloud customer service cases. Combined with survey results from 6,000 shoppers throughout the U.S., U.K., Canada, France, Germany and Australia, and mystery shopping visits to 70 stores throughout New York City, San Francisco and London, the   report surfaces truths that apply to all retailers and brands looking to succeed in today’s shopping landscape, through the holiday season and beyond.

“In our era of unprecedented technological innovation, retailers and brands must stay one step ahead of their customers to provide the experiences they expect,” says Rob Garf, Vice President of Industry Strategy and Insights at Salesforce. “Creating a robust profile of the modern consumer for the ‘Shopper-First Retailing’ report enabled Salesforce and Publicis.Sapient to unearth valuable imperatives to help retailers anticipate and meet consumer demands.”

Read More: Interview with Anil Kaul, CEO at Absolutdata

Cloud-based CRM Solutions Will Increase Your Sales and Offer a Seamless Customer Experience

Frost & Sullivan highlights that cloud-based CRM solutions enable organizations to deliver a truly personal purchase experience to customers

Over the last five years, the percentage of salespeople achieving their sales targets had dropped from 63% to 53%. On the other hand, almost 74% of the salespeople in companies that employed a sales-enablement charter made their quota. In a highly dynamic business environment where customers access information through multiple touch points, it is critical for salespersons to extend personalization through each of these touch points. New cloud-based customer relationship management (CRM) solutions are facilitating the shift towards multi-channel, digital, and customized sales interactions by layering their solutions with advanced technologies such as machine learning (ML), artificial intelligence (AI), and advanced data analytics. Furthermore, integration with the contact center, support desk, and other back-end systems will offer sales and marketing teams a unified view of the customer.

Read More: Decoding The Current State of SDR Automation Platform Powered by AI

Frost & Sullivan’s new thought leadership paper, Modern-day Sales Team, Yesterday’s CRM?, analyzes the need for sales teams to equip themselves with cloud-based CRM solutions. This research has identified four major groups that have not yet adopted a next-generation CRM solution: Never EversDigital DabblersStill in the 90s, and Taking the Lead. The study recommends specific steps for each group to ensure their approach to CRM is innovative, productive, and effective.

“Many organizations have not yet embraced digitization, and are content to use their legacy sales systems. However, using disparate CRM systems from multiple vendors will deny them the benefits of an integrated CRM system – a consistent and seamless customer relationship across the enterprise and throughout the lifecycle,” observed Melanie Turek, Connected Work Vice President at Frost & Sullivan. “CRM systems provide a central location to gather current and historical information, automate manual business processes, and communicate with prospects and clients as soon as the opportunity arises.”

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“Whether customers are using a landline phone, computer, or mobile device, they expect a data-driven relationshipthat gives them information instantly. To meet the demands of new-age customers, organizations need to employ CRM solutions that can deliver the customer’s history with the organization to client-facing employees, managers, and even back-office employees on a single platform,” noted Tiffani Bova, Global Growth & Innovation Evangelist at Salesforce. “A cloud-based CRM solution can offer significant benefits, including faster time to deployment; better reliability, flexibility and scalability; immediate access to new features and updates; and consistent costs with limited up-front investment.”

Read More: Interview with Sandie Overtveld, Vice President Sales, APAC at Zendesk

For businesses that are late adopters, the study lists steps to implement a CRM solution and compete effectively in a connected business environment. Some of these steps include:

  • Never Evers: Commit to change. Once vendors are evaluated and a best-fit solution has been selected, partner with the provider to ensure optimal use of the solution. Offer continuous training and make sure to cover business process changes as well as new technologies.
  • Digital Dabblers: Install an integrated CRM system that plugs all the gaps in the existing solution, while providing more advanced capabilities. A cloud-based model makes it easy to deploy new tools quickly, scale up or down, and access advanced features when required.
  • Still in the 90s: Implement a CRM solution with a wide range of advanced capabilities and ability to open up new revenue streams. Cloud-based solutions will allow novel platforms and devices to offer a seamless experience to customers and salespersons, regardless of the channel.
  • Taking the Lead: Engage with the CRM vendor to assess if the solution being used currently is truly leading edge. Make sure the new solution leverages technologies like Internet of Things (IoT) to integrate supply chains, production floors, and CRM for better profitability. It could also help take personalization to a micro level.

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ON24 Accelerates Growth as Marketers Own More Revenue Responsibility

Marketers double down on webinars as ON24 increases new customers, furthers relationships with existing ones

With almost 40% of marketers directly responsible for revenue, every marketing tactic must deliver a return on investment. That’s why an increasing number of marketers are turning to ON24, the leading marketing technology company helping organizations drive human engagement and deliver actionable data. Through live, on-demand and personalized engagement, businesses of all sizes and industries are leveraging ON24 to generate more pipeline and revenue than any other marketing tactic.

“The era of marketing-as-a-cost-center is over, and making this shift to driving revenue takes a total transformation, from strategy to execution. As a result, marketers are looking for ways to scale human engagement and deliver true ROI for their business,” says Sharat Sharan, CEO and Founder of ON24. “It’s an incredible time to be in marketing, and we’re proud to help marketers everywhere gain key insights into their prospects and customers, read their digital body language, and use those insights to tangibly accelerate revenue.”

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The ON24 marketing platform helps marketers create digital experiences that efficiently scale, from live online events to on-demand content libraries across all different mediums and channels. Through these personalized, dynamic interactions, marketers gain the behavioral insights they need to identify sales-ready leads and accelerate pipeline.

ON24, which experienced a 120 percent net retention rate of its customer base in the first half of 2018, has seen significant business momentum as marketers continue to turn to the platform as a way to help them positively impact their bottom line.

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ON24’s business growth during this time period includes:

  • 37 percent Year over Year (YoY) in new business bookings in the second quarter of 2018
  • Increased customer adoption leading to a 36 percent YoY increase in annual contract size in the second quarter of 2018
  • Significant growth in international markets, with 35 percent of new bookings coming from EMEA and APAC
  • Rapidly approaching $100M in ARR

The company itself is proof of the impact of effective marketing on revenue, with two-thirds of its won opportunities being influenced by webinar programs. Meanwhile, the company’s new product, ON24 Content Gateway, which launched last year, has also seen compelling gains: doubling its growth in the second quarter of 2018.

Read More: Interview with Anil Kaul, CEO at Absolutdata

In addition, there were several developments that helped fuel this business growth. Already in 2018, ON24 has hosted its second annual Webinar World conference with additional events in SydneySingapore, and London – establishing  it as a decorated global event series. ON24 also hired tech veteran Ian Halifax as Chief Financial Officer, as well as Pat Hoey — a sales executive who has served previously at Salesforce, Gartner, and BetterUp — as VP of Sales, Americas.

ON24 passed 1 billion minutes of engagement this year, and now serves more than 2,000 customers worldwide. The company also released its definitive Webinar Benchmarks report, tapping its database of over 100,000 webinars to provide unmatched insights for marketers into how to best leverage webinars to engage prospects and drive revenue.

Read More: Interview with Sandie Overtveld, Vice President Sales, APAC at Zendesk

Exclusive AUDIENCEX and Sizmek Partnership Empowers Mid-Market Advertisers in North America with Enterprise-Class Marketing Technology

Marketers can now build sustainable, brand-safe omnichannel campaigns on their own

AUDIENCEX, a leading provider of end-to-end digital marketing solutions for mid-market businesses, announced an exclusive partnership with Sizmek, the world’s largest independent buy-side advertising platform delivering impressions that inspire. Under the terms of the partnership, AUDIENCEX becomes the only official Sizmek-certified mid-market reseller of the company’s buy-side advertising platform in the United States.

For the past five years, AUDIENCEX has stood out as a top provider of strategic omnichannel marketing services for mid-market brands and agencies, many of whom utilized the company’s managed service solutions for display, search, social and addressable television campaigns.

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Now, as the exclusive Sizmek-certified mid-market reseller in North America, AUDIENCEX adds a powerful self-service solution to its suite of managed services available. This offering is centered on Sizmek’s data enablement, creative optimization and media execution solutions, which include their best-in-class DSP, ad server and Peer39 contextual targeting and measurement capabilities. The new partnership allows mid-market advertisers and agencies to build sustainable, brand-safe, full-funnel omnichannel campaigns on their own, while also giving clients the transparency and control they are looking for.

“We could not be more excited that Sizmek selected us as their exclusive partner for the mid-market,” said AUDIENCEX CEO and executive chairman, Reeve Benaron. “Our vision is to give all businesses, regardless of size, the ability to scale with effective omnichannel solutions. The fact that we are now the first company to put an enterprise-class programmatic platform in the hands of mid-sized brands and agencies is a huge milestone.”

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According to a recent report by the IAB, over 80 percent of digital ad spending is now bought programmatically, and an increasing number of brands are bringing this buying in-house. With this shift in buying behavior comes a greater need to better serve the mid-market brands exploring programmatic solutions for the first time.

According to Mike Caprio, Sizmek’s Chief Growth Officer, “Mid-market customers typically do not get the type of sales, service and technology they deserve. The marriage between AUDIENCEX and Sizmek gives these brands and agencies both the white glove service and the best-in-breed technology once only afforded to the enterprise.”

Read More: Interview with Anil Kaul, CEO at Absolutdata

Notable mid-sized brands and agencies have already tapped AUDIENCEX to license its self-serve solution.

“We are eager to be among the first to employ this self-service solution and continue growing our business with AUDIENCEX,” said Nathan Azar, Principal at R4 Digital. “Now more than ever, we’re equipped with both the technology and strategic support to elevate our campaigns and the brands we represent.”

This advertiser interest is largely driven by a marketwide demand for powerful campaign solutions that are easy to implement. As noted by AUDIENCEX COO and co-founder Jason Wulfsohn, “Many of our customers — actually, all of our customers — are focused in a very singular way on our ability to help them attain real, transparent results for their business. It’s our capacity as an agency to take their goals and marry them to the technology solutions that will deliver consistently successful and sustainable growth.”

Finding More About Sales Ops Revolution in An AI-Driven World

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Sales Ops is always evolving, and our successful use of digital to promote inbound web traffic has been a fundamental base of our sales expansion.

Sales Revolutions is more about strategizing in advance to win the battle than just fighting on the front line on the D-day. We have learned how sales lead management processes are mostly “under the gun to change” when the tides of sales ops revolution rise. Peter Gillett, CEO of Zuant, spoke to us at length about his sales journey and how Sales Ops revolution is disrupting major business sectors globally with the proliferation of newer technologies, including automation, analytics, and machine learning.

What is Zuant and how do you differentiate it from other sales tech companies?

Zuant is a digital platform used extensively at high profile events and tradeshows around the world to present content and capture leads. This data flow automatically through to CRM and marketing automation systems.

It is also configured in an ‘everyday’ format for sales people on the road, which removes the need to log into systems late in the day and input data. Critical sales information can be captured in real time or immediately after a meeting while sitting in the car or airport, which is a great sales productivity tool and helps shortens the sales cycle.

Our differentiators are:

Excellent customer service bar none – This is HUGE as the default in tech and telco is appalling customer service!

Another really important difference is we are a premium product, not just a good looking design running through the Zuant system. We deliver a smooth, positive UX to go with it.

How was it working with Lucent Technologies as your first web-based CRM Client in the mid-90s?

It was a great, pioneering time, and Lucent provided real encouragement to make the whole system work well for their global CRM database. This was at a time when we continually had pushback from clients who would comment that this Internet thing would never catch on!

We focus on America; the UK providing an excellent, low-cost base for creative tech development, and being close enough as a time zone to provide good service across all time zones in the US.

Tell us more about your innovations across industries — mixing business with sport? How did that help you manage Zuant currently?

Well, that’s a different question!

Actually, I think there are some really good crossovers from successful sport to business; the whole competitive aspect combined with the need for focused time management mixed with all the latest technology.

And as a motorsport enthusiast, it’s fascinating to see some of the tech crossovers – one of our neighbors, McLaren, is using their pit to car technologies to work within the medical world for the whole area;  it’s opening up for remote diagnostics and communications with patients out and about in their normal day-to-day lives.

On the Zuant side, we have a number of applications out in the field for companies like Pirelli, and this has pushed forward the development of our off-line capabilities so that they can be provided in the field and then synchronized when back on base each evening.

What are the milestones and key events in Zuant’s Sales Ops Revolution?

This one is always evolving, and our successful use of digital to promote inbound web traffic has been a fundamental base of our sales expansion. The next step will be weaving video into our presentations to clients, to advance discussions with a more educated audience.

How do you prepare for an AI-centric world as a sales tech champion?

Another interesting question, which will be evolving fairly quickly in the coming months. Frankly, this is still at a really early stage of development; Companies who lead the way here should be able to achieve a huge competitive advantage by automating communications not just with prospects through the sales funnel, but also developing a really good ongoing relationship with customers so that they build and grow with the business versus dying on the vine.

What do Email Automation tools mean to Sales and Sales Ops teams in 2018?

If we are talking marketing automation tools here, then the answer is not enough!

And this also ties in very closely with the under-utilized resource of inside sales, who should really be the ones who benefit from literally the second-by-second update on digital activity by their prospects and customers.

How badly do Demand Marketing teams suffer from “Good data versus Bad Data” hygiene?

Well, of course, the whole GDPR focus of attention right now should have been the catalyst to get companies to finalize an ongoing data hygiene program. But, from our experience, we don’t see much change, so, once again, a really good opportunity to put in place improvements so that any companies limited sales resources are focused on the right people.

How do you work with Data Science, Process Automation, Enterprise Planning, and Advanced Analytics?

Frankly, the simple answer is that we don’t. The only item that we focus a lot on is process automation through every stage of the pre-sales and follow-up account management. We continue to find ways to automate when it’s so easy to stay with a manual approach that stops the business from growing.

What are the major pain points for businesses in putting a 360-degree focus on Sales Ops for better account conversions?

I think you have really covered them above; namely data hygiene and integration of inside sales with digital marketing.

What are your predictions for on-boarding/ adoption of DaaS for improved demand generation and pipeline growth?

Once again, this is one of those underexploited but great ideas. I expect it will become the norm to provide sales leads to the field, complete with updated company data and social media behavior about the business contacts involved.

Which events and webinars do you most occasionally attend and why?

ExhibitorLive in Vegas at the beginning of each year is important to our traditional core market, although I personally enjoy attending many of the Oracle modern marketing experience types of events.

Thank you, Peter, for chatting with us about the Sales Ops revolution at Zuant!

CallRail Launches First-to-Market Cost-Per-Lead Solution

New Feature Aims to Help Agencies Solve Growing Attribution Problem and Better Demonstrate ROI

Leading call tracking and analytics provider, CallRail, has announced the launch of a first-to-market cost-per-lead solution within the CallRail application. Marketers using CallRail can now efficiently understand how much they’re paying for a phone call lead, staying in step with businesses’ growing appetite for data and more sophisticated marketing attribution.

Alongside the cost-per-lead solution, CallRail has also launched a new custom reporting engine to help marketers build customized reports for their clients based on the outcome of a phone call and call duration.

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CallRail’s New Solution Will Assist in Improving Client Retention and Increasing New Customer Acquisition

At the time of this announcement, Kevin Mann, Co-Founder and Chief Product Officer at CallRail, said, “This product was born from the internal challenge of agencies having many attribution tools, but not being able to efficiently combine analytics.”

Kevin added, “Even if a marketer has solved the attribution puzzle for their client or organization, that work is rarely fast and never easy. And with the disruption of digital, agencies need to own data integration and reporting to prove value and steer clear of the growing trend of businesses taking their marketing in-house. Our new in-app cost-per-lead solution is helping agencies demonstrate ROI in a way that was previously difficult and tedious to come by, which will assist in improving client retention and increasing new customer acquisition.”

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Because data is often siloed between channels, it can be challenging for marketers to understand how much they’re paying to acquire a specific lead. CallRail’s new cost-per-lead solution tracks inbound phone calls, pulls in cost data from AdWords campaigns and associates this data with multiple touches. From there, it brings all metrics together in an easy-to-use reporting dashboard, helping agencies to lower clients’ cost-per-lead and realign strategy to what’s most effective.

“More data is always better, and we want our clients who can see call information in CallRail to understand exactly how these calls are contributing to their overall KPIs,” said Dana DiTomaso, president of Kick Point, a digital marketing agency that has been beta testing this solution.

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Dana added, “If a client is listening to phone calls that were generated by a Google Ads campaign, they’re able to get a better grasp on whether or not that call brings them value and adjust their spend accordingly. This is why our agency is excited about CallRail’s solution: it provides additional value and streamlines everyday reporting processes, helping us tailor them for the client.”

Additional Update: New Engine to Build Customized Reports Based on the Outcome of a Phone Call and Call Duration

Alongside the cost-per-lead solution, CallRail has also launched a new custom reporting engine within the platform. The new feature will help marketers build customized reports for their clients based on the outcome of a phone call and call duration, allowing them to surface campaign results in a more digestible way that points back to the stakeholder’s key performance indicators.

Read More: Interview with Sandie Overtveld, Vice President Sales, APAC at Zendesk

This announcement follows several other product launches in the past year. In January, CallRail launched its first-to-market Call Highlightssolution, an AI-driven extension of its Keyword Spotting technology that automatically, intelligently surfaces relevant keywords in a phone call. In December 2017, CallRail also launched its deep integration with Facebook’s Offline Conversion API, allowing users to view calls, texts and form completions driven by Facebook marketing spend natively in Facebook Ads Manager, alongside existing impressions and clicks.

Kevin added, “As the phone call continues to be the main way customers interact with businesses, understanding which campaigns are driving them, and which ones are not, is essential to more efficiently distributing ad spend. At CallRail, we remain committed to developing products that help agencies and marketers across all industries to prioritize what’s driving real results.”

Currently, CallRail provides call tracking and analytics to more than 100,000 companies and marketing agencies globally. CallRail’s intuitive software helps data-driven marketers optimize the performance of their advertising campaigns, increase sales effectiveness and improve customer retention.

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Luminate Security Appoints Industry Leader Jason Stutt as SVP Global Sales

Zero Trust platform company bolsters management team with former Duo Security senior executive to accelerate worldwide growth and US market expansion

Luminate Security, provider of the Zero Trust access platform, today announced the appointment of Jason Stutt as Senior Vice President of Global Sales.

A seasoned senior executive with a track record of success at leading global technology companies, Stutt is charged with scaling up the company’s international sales and revenue infrastructure in pursuit of its aggressive growth targets for 2019 and beyond.

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Stutt, who previously served as Duo Security’s VP Americas Sales, brings to Luminate more than 20 years of sales leadership and strategy experience. He played a critical role in building up Duo as a unicorn in its marketplace by growing annual sales from just a few million dollars to more than $75 million ARR over a period of three years, structuring Duo’s sales operation for enterprise and Fortune 100 companies, and expanding its sales team from two to 65 employees, thus priming the company for last week’s acquisition announcement by Cisco Systems Inc. for $2.35 billion.

“Jason has an exceptional track record of not only building and leading sales teams, but of scaling high-performing sales organizations while delivering hyper-growth,” said Ofer Smadari, CEO, Luminate Security. “He brings to Luminate a deep understanding of the security and infrastructure industries, along with vast experience in managing enterprise level sales processes. Jason will have a key role in our growth and expansion in terms of sales pipeline and processes development and team-building. His ability to deliver results in a competitive, fast-moving industry makes him an invaluable asset and a great fit for Luminate as we get ready for accelerated growth.”

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Stutt previously served as Regional VP of Sales at Cornerstone OnDemand, a global leader in cloud-based learning and Human Capital Management software, signing customers including LinkedIn, Sephora, Intel, and L3 Communications. He was also VP of Sales at Intelladon, a talent management and learning solutions integrator and served as product manager for Saba Software, a talent management software company.

“What I love about Luminate is that it is the right solution in the right space, at the right time,” said Stutt. “Luminate’s Zero Trust access solution solves a critical problem that is applicable to every modern organization, from large enterprises to small businesses. All the fundamentals that turned Duo into the unicorn of its industry are in place when it comes to Luminate, but Luminate’s technology is much harder to replicate. Luminate’s ease of deployment means that businesses can quickly implement security policies and controls to secure their operations without disruptions for their ongoing operations. I’m confident that over the next few months, we will further separate ourselves from the pack to be the security solution of choice among all businesses.”

Read More: Interview with Anil Kaul, CEO at Absolutdata

SugarCRM and Accel-KKR Join Hands to Usher Next Phase of CRM Business

Leading CRM maker, SugarCRM has announced that Accel-KKR, a leading technology-focused private equity firm, has made a strategic and significant investment in SugarCRM. The partnership is the latest milestone in SugarCRM’s journey and will accelerate its strategy of driving global growth with its award-winning relationship management platform. Accel-KKR has committed substantial investment dollars to drive product innovation, services, expanded capabilities and a strategic acquisition program.

At the time of this announcement, SugarCRM’s CEO, Larry Augustin, said, “Following several years of significant growth, market recognition and high customer satisfaction, this is the perfect time for us to work with an investor who is as enthusiastic and confident about the CRM market and our approach as we are.”

Larry added, “This significant investment will enable substantial business growth, both organically and inorganically.”

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SugarCRM prides itself on its modern and simple user interfaces, industry-leading customer experience and giving users the right information when they need it before they even ask. Its approach has led to more than 90% customer retention rate and, in 2018, it won the industry-recognized PC Mag Business Choice ‘Best CRM Software Award’ for the fourth year running, being the only CRM software that readers ‘would strongly recommend to their peers’.

Jason Klein, managing director at Accel-KKR, added: “With our extensive and global network, we will be able to introduce SugarCRM to potential customers and partners around the world. Our holistic approach to growth, both direct and through channel partners, combined with the strategic guidance and operational expertise we provide, means we can add significant value to the businesses we work with from day one. SugarCRM is a truly innovative and ambitious company; we look forward to working together.”

Larry continued, “CRM has moved forward exponentially in recent years. The recurring revenue economy is driving customers across all industries to look at satisfying the entire customer lifecycle. At SugarCRM, we are helping our customers increase the productivity of their sales, service and marketing teams with an intuitive user experience that automates common business processes and orchestrates actions and information to increase the efficiency of every customer-facing employee.”

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Larry also added, “Through technology, we are helping businesses outmaneuver competition and achieve business outcomes faster by using AI, machine learning and predictive insights to add intelligence everywhere inside the user experience. It’s an exciting industry and we’re delighted to be at the forefront.”

SugarCRM CEO continued, “Accel-KKR has an excellent reputation for driving growth in its portfolio companies, and a proven track record working with other technology companies, such as Kana and Applied Predictive Technologies. We’re excited to be working with them as we build on the momentum we have created in our business over recent years and accelerate our vision for growth.”

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Accel-KKR is a top-tier investment firm with $4.3 billion in capital commitments and has worked with businesses like SugarCRM for almost 20 years. The PE firm focuses on software and IT-enabled services companies that are well positioned for top and bottom-line growth. This investment will allow SugarCRM to continue its innovation in product development, expand its suite of CRM capabilities and enhance its ability to deliver the highest level of support to its existing customer base.

Currently, SugarCRM enables businesses to create extraordinary customer relationships with the most empowering, adaptable and affordable customer relationship management (CRM) solution on the market. Unlike traditional CRM solutions that focus primarily on management and reporting, Sugar empowers the individual, coordinating the actions of customer-facing employees and equipping them with the right information at the right time to transform the customer experience.

Read More: Interview with Sandie Overtveld, Vice President Sales, APAC at Zendesk