Increasing International Demand for Perseus EFM Solution Yields Dramatic International Growth; Company Hosts First Annual International Partner Conference
Innovative Use of Enterprise Feedback Management and Growing Roster of International Clients Doubles International Revenue in 2005
Braintree, Mass. – January 10, 2006 – Leading the transition from web survey software to Enterprise Feedback Management (EFM) solutions, Perseus (perseus.com) today announces that it is experiencing rapid international market adoption of its Enterprise Feedback Management (EFM) application, with 2005 international revenue doubling over 2004. Reflecting the company's focus and commitment to meeting the needs of its global customer base, the Company recently assembled partners from Canada, UK, Nordics, Asia, and China for its first Annual Partners Conference for training and education, and to discuss the unique opportunities for EFM within the international market.
2005 represents the Company's fourth straight year of profitability worldwide. Fueling this growth, Perseus added more than 200 international customers, representing engagements in close to 20 countries including Canada, Chile, Singapore, Australia, Sweden, U.K, Belgium, Italy, and Germany.
In 2005 Perseus' international sales efforts secured new business from companies including GMTV, Motorola, Manulife, Seagate, Petronas, Schering Plough, AXA Belgium, Net Ratings, Canadian Federal Government, EnCana, and London School of Economics.
"Perseus' global momentum in 2005 demonstrates that the Company is at the forefront of the evolving web survey market," said Ken Tan, President of Perseus Asia. "EFM is uniquely able to meet the complex information needs of global enterprises and Perseus is well positioned to provide the solutions enterprises need to quickly and easily obtain, analyze and manage sophisticated enterprise feedback throughout the extended enterprise."
Perseus recently expanded its EFM product line to ensure the effective delivery of feedback solutions for workgroups and departments, as well as global enterprises. All configurations of EFM provide the advanced functional and analytical capabilities required to effectively manage the complex process of collecting critical feedback, integrating it with existing enterprise systems and business intelligence, and sharing it securely and efficiently throughout the organization.
"Perseus experienced significant international revenue growth in 2005 as international organizations moved from stand-alone web survey systems to consolidated Enterprise Feedback Management solutions," said Ben Smith, Director of International Operations at Perseus. "Perseus' network of international offices, distributors, and partners places the Company in a leading position to support global organizations looking to realize the value of web-based feedback management solutions."
Perseus significantly grew its international presence in 2005, opening offices and expanding partner relationships in Sweden, Australia, China, and Malaysia. These offices will directly serve and provide strategic product support and service to international organizations implementing web-based feedback management systems and represent one of several steps being taken to expand the global presence of Perseus. 2006 will bring about continued global expansion for Perseus as the Company leverages its extensive partner network to deliver EFM to additional countries in Europe, Asia, and South America.
Perseus is leading the transition from web survey software to Enterprise Feedback Management (EFM) solutions that help organizations better understand their world. Organizations worldwide rely on Perseus solutions to better identify and meet employee, customer and partner needs, and increase profitability by creating loyal relationships. Perseus products enable business professionals to quickly and easily obtain, analyze, and manage sophisticated enterprise feedback using intuitive web-based software. Perseus SurveySolutions® is a recipient of PC Magazine's Editors' Choice award for web-survey software, and is used by over 22,000 customers worldwide including over twenty percent of the Fortune 100. Perseus is a 2003 and 2004 Inc. 500 company and Deloitte Technology Fast 500 company, and a four-time Deloitte Technology Fast 50 company. Visit perseus.com for more information.
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