CHARLOTTE, NC, May 6, 2013 /PRNewswire/ -- Pactera (NASDAQ: PACT), the largest China-based IT services provider, today announced its participation as a member of the Recurring Revenue Alliance, designed to help businesses generate revenue and increase customer retention with best practice-based end-to-end recurring revenue solutions.
Pactera is a charter member of the Alliance, providing business and IT consulting services backed by a strong foundation of core technology services. Pactera's role in the Recurring Revenue Alliance includes integrating and implementing SaaS applications designed to help customers capitalize on untapped renewal opportunities, such as Renew OnDemand, with existing platforms such as CRM, quoting, and ERP systems.
"We are delighted that ServiceSource and Pactera will be alliance partners in delivering a state-of-the-art solution that drives recurring revenue for our clients," said David Chen, President of Pactera. "ServiceSource's unique Renew OnDemand product complemented by Pactera's global consulting team is the perfect combination to generate growing and profitable revenue for our clients."The Recurring Revenue Alliance was created by ServiceSource, a Pactera partner that provides recurring revenue management solutions including Renew OnDemand, the world's only cloud application built specifically to manage and grow recurring revenue. "We are pleased to welcome Pactera and the wealth of experience they bring to the Recurring Revenue Alliance," said, Christine Heckart, ServiceSource, CMO. "Pactera's world-class consulting services and strong track record of addressing information technology and process challenges further supports and establishes the vision of the Recurring Revenue Alliance." As experienced systems integration consultants, Pactera helps companies address a wide range of information technology and process challenges and projects. Pactera and ServiceSource are working together to ensure Renew OnDemand is successfully deployed and easily embedded and adopted with our customers' environment.