Thursday, March 24, 2011

SREV:2011-03-24: ServiceSource International

News
1. Featured in IPO Home

IPO Date & Price
IPO Date: 2011-03-24
Offer price/share: $10 * 11.9M = $119M

Underwriters
Joint Book Runner: Morgan Stanley, Deutsche Bank Securities
Co Manager: William Blair, Lazard Capital Markets, Piper Jaffray, JMP Securities

Business
Sector: Technology
Industry: Information Technology Services
Full Time Employees: 1,536

ServiceSource International, LLC provides service revenue management solutions that drive renewals of maintenance, support, and subscription agreements for technology companies. Its integrated solution consists of a suite of cloud applications; dedicated service sales teams working under its customers’ brands; and a proprietary Service Revenue Intelligence Platform, a data warehouse of transactional, analytical, and industry data. The company provides end-to-end management and optimization of the service contract renewals process, including data management, quoting, selling, and service revenue business intelligence. It serves technology based hardware, software, and healthcare companies. ServiceSource International is headquartered in San Francisco, California with additional offices in Denver, Colorado; Nashville, Tennessee; Dublin, Ireland; Liverpool, United Kingdom; Kuala Lumpur, Malaysia; and Singapore, Singapore

Yahoo: http://finance.yahoo.com/q/pr?s=SREV

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