Leverage Software Announces "Series A" Financing Round With Participation From Leading Investors, Including Halsey Minor's OnDemand Venture Fund
Funding To Accelerate Marketing, Customer Acquisition and Product Development for Company's Relationship Intelligence Product Suite
San Francisco– June 6, 2005 – Leverage Software, a leading provider of Relationship Intelligence solutions to improve customer acquisition and loyalty, today announced its has raised several million dollars in a Series A financing round that will fund accelerated sales, marketing and product development to meet growing customer demand for its solutions. Investors include Halsey Minor and his OnDemand Venture Capital Fund and John Stanton, a financial services entrepreneur and executive, who joins the Leverage Software board of directors.
Founded in May 2003, Leverage Software is a leader in on-demand Relationship Intelligence solutions that enable Active Relationship Networks. The company's powerful hosted solutions provide advanced social networking capabilities that give companies, organizations and event producers unprecedented capacity to cultivate and catalyze customers, users, affinity group members and show attendees. They also provide enterprises with dramatic improvements in the way they identify, develop, cultivate and leverage relationships to drive business development and sales.
"Leverage Software is at the intersection of several important technology and market trends which are critically important to businesses today," said Minor. "The company's ability to leverage important sales and marketing analytics, social networking concepts and customer acquisition and retention practices in an OnDemand software delivery model, places it in a unique position to bring new value to organizations and their customers." Minor is the founder and CEO Grand Central Communications. Minor also founded a number of other highly successful ventures, including CNET, one of the world's most successful new media companies. He was also the leading private investor in Salesforce.com.
"Individual business relationships are among a company's most valuable assets. Yet, too often, these relationships are under-developed and under-utilized," added Stanton. "Leverage Software allows organizations to aggregate, analyze, enhance and fully leverage individual relationships in a private and secure manner to solve fundamental business problems." Stanton was the founder and president of Lender's Credit, a mortgage credit reporting company based in Calabasas, California, from 1990 until its merger with Southern Mortgage Reporting of Atlanta, Georgia in 2002. The combined entity, INFO1, was one of the largest mortgage credit reporting companies in the country. Mr. Stanton served as Co-Chairman of INFO1 until its sale to LandAmerica Financial Group, Inc. in 2003.
Leverage Software's technology is built on principles utilized in such fields as social science, options trading, DNA analysis and sales effectiveness training. It offers customers the ability to leverage relationship networks that connect them to prospective customers, partners, peers, and employees. Leverage Software utilizes match, search, analysis, communication and recommendation algorithms, combined with contextual data, to deliver significant value to business users which results in increased revenue and improved customer satisfaction.
"Accessing the right relationship at the right time creates tremendous opportunity and value for businesses and their customers," said Mike Walsh, CEO of Leverage Software. "Using Leverage Software solutions, event managers ensure that attendees identify and schedule important meetings with just the right people; sales organizations tap into the shared relationships of the broader enterprise to accelerate business acquisition and customer satisfaction. As a pioneer in relationship capital management, we are extremely fortunate to welcome Halsey Minor and John Stanton, two highly successful entrepreneurs and business executives as investors and board members. Their participation adds significant validation of our business model and market opportunity."
Leverage Software will use this round of funding to further develop the platform to address challenges faced by sales and marketing personnel. Leverage will continue to integrate with strategic technology vendors, as they have with Siebel Systems (SEBL) and Salesforce.com (CRM).
"We believe that these integrated solutions will significantly improve how companies do business," Walsh added.
About Leverage Software
Leverage Software is a leading provider of relationship capital management (RCM) solutions that empower sales professionals and enterprises to discover, analyze and leverage relationships within their organizations to accelerate revenue opportunities. While many systems manage relationships between current customers and an enterprise, they fall short meeting sales professionals’ efforts to continually pursue new customers and grow revenue. Individuals and teams from small companies to the Global 2000 who use Leverage’s Relationship Intelligence™ are achieving a new level of sales execution by combining strategic analysis and tactical information with the insight, access and influence of trusted, professional relationship introductions. Leverage Software is a privately funded company headquartered in San Francisco, California. Find out more about how Leverage Software can strengthen your sales organization at www.leveragesoftware.com
For more information, please contact:
Dave Murray
Neale-May & Partners
(650) 328-5555, ext. 114
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