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ServiceSource logo — Maximizing recurring revenue with data-driven insights and e...

ServiceSource

Maximizing recurring revenue with data-driven insights and end-to-end management for business predictability

Founded 1999 Private Equity Total: $66.00M Computing, Information Technology +2

General Information

Company Name ServiceSource
Founded Year 1999
Industries Computing, Information Technology, Internet +1
Funding Stage Private Equity
Social

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About ServiceSource

ServiceSource, founded in 1999, is a leading player in the global market for recurring revenue management. The company's cloud application Renew OnDemand and managed services leverage extensive data analysis to provide businesses with a holistic understanding of their customers. This, in turn, leads to a significant boost in subscription, maintenance, and support revenue, improved customer retention, and enhanced business predictability. ServiceSource's integrated approach, combining cloud services, managed services, and renewal-ready data, offers comprehensive oversight and enhancement of the recurring revenue process, including data management, quoting, selling, and business intelligence. As of December 31, 2013, ServiceSource had managed over $11 billion in recurring revenue potential through more than 145 engagements with over 70 clients. Notably, clients typically experience a 15-point increase in renewal rates and a 20% rise in sales efficiency. The last investment, a $66.00 million Private Equity Round, was made on January 30, 2007, with participation from Benchmark, General Atlantic, AT&T, Housatonic Partners, Sun Microsystems, Hitachi Data Systems, and CA Technologies. In summary, ServiceSource distinguishes itself with its data-driven approach to recurring revenue management, offering businesses the tools they need to maximize revenue and achieve greater predictability in their operations.

Business keywords: recurring revenue management, customer retention, business predictability, cloud application, renewal-ready data, business intelligence, subscription revenue, sales efficiency, renewal rates, managed services, revenue potential, customer insights, revenue optimization

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round $66.00M 7
Benchmark General Atlantic
Benchmark, General Atlantic +5
30 Jan 2007

ServiceSource Alternatives & Competitors

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ServiceSource vs
PartnerSuccess
PartnerSuccess

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ServiceSource vs
Recurly
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ServiceSource vs
iasset.com
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Award-Winning Platform for Seamless CPQ, Quote-to-Cash, Expansion & Renewal Automation. Built for IT...

31 employees
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FAQ About ServiceSource

Maximizing recurring revenue with data-driven insights and end-to-end management for business predictability
ServiceSource was founded in 1999.
ServiceSource operates in Computing, Information Technology, Internet and SaaS. Its work centres on recurring revenue management, customer retention, business predictability and cloud application.
ServiceSource has completed 1 funding round, raising a total of $66.00M. The latest funding stage is Private Equity.
Top alternatives and competitors to ServiceSource include PartnerSuccess, Recurly, iasset.com, Sticky.io, Subiterum. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
ServiceSource and PartnerSuccess are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for ServiceSource, https://www.bouncewatch.com/company/servicesource, updated 26 December 2024. When citing, please name BounceWatch and link this page.

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