Connotate Reports 60% Growth in Year-to-Date Total Contract Value Bookings
Demand for Automated Workflows and Scalable Web Data Extraction Is Driving Larger Contracts
(firmenpresse) - NEW BRUNSWICK, NJ -- (Marketwired) -- 07/24/13 -- the leading provider of monitoring and extraction solutions, today announced a 60% increase in total contract value (TCV) bookings during the first six months of 2013 compared to the same period in 2012. A number of existing clients signed multi-year renewals over the time period, underscoring their commitment to Connotate.
"Connotate's customers are signing longer-term, higher-value commitments because we automate Web data extraction at scale more reliably than any other alternative," said Keith Cooper, CEO of Connotate. "Multi-year contracts are a win-win for us and for Connotate customers whose business models depend upon our scalable, precise data collection capabilities."
During the second quarter ending June 30, 2013, Connotate acquired new clients in the automotive industry, interactive advertising and digital interactive entertainment.
"Our technology is helping to drive the expansion of highly-automated digital marketing solutions for the auto industry," explained Cooper. "Auto manufacturers and dealers publish huge volumes of data on the Web every day, so it's easy to see why this is an ideal application for us. We're also seeing more customers in interactive advertising turning to Connotate to automate their billing reconciliation processes so they can collect revenue faster."
Along with ongoing market demand for workflow automation and scalable data aggregation, new patterns of spending on competitive and market intelligence are driving Connotate's revenue growth. Feeling more pressure to respond faster to competitors' moves, companies are turning to Connotate to obtain direct control over the frequency of the intelligence they are collecting, rather than waiting for outsourced agencies to deliver research reports.
During the second quarter, Connotate continued to execute on its plan for growth by adding new talent in engineering, sales and product management; launching a completely new website at ; and selecting , LLC to support public relations and social media outreach.
Connotate puts the power of Web data monitoring and collection into the hands of the business user. Connotate delivers the scalability, reliability and resiliency necessary to derive strategic value from dynamic, Web sources. Connotate's growing customer list includes global businesses such as McGraw-Hill, Associated Press and Thomson Reuters. The Connotate solution has been named a KMWorld "Trend-Setting Product" for the past eight years. Connotate acquired Fetch Technologies in March 2012. For more information, please visit or and follow us on Twitter at (at)Connotate.
Ed Cunning
Middleberg Communications, LLC
212-812-5670
Gina Cerami
Connotate
732-296-8844
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Datum: 24.07.2013 - 07:30 Uhr
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