ServiceSource® (NASDAQ:SREV), the global leader in recurring revenue management, today announced a significant addition to its senior leadership team with the appointment of Bart Schachter as senior vice president of corporate business development.
In this newly created role, Schachter will be responsible for driving ServiceSource’s corporate growth strategy, investments and acquisitions as the company expands its market presence as a leading provider of recurring revenue management solutions. He will also be responsible for communicating the company’s strategy to the investment community as the head of investor relations.
“I’m pleased to welcome Bart to SeviceSource,” said Mike Smerklo, Chairman and CEO of ServiceSource. “Bart brings a unique strategic vision and over two decades of corporate development and venture investment experience working with high-performing technology companies. As ServiceSource enters its next phase of growth, Bart will be instrumental in augmenting our organic activities by tapping into the vast opportunities created by the new Recurring Revenue Economy.”
Prior to joining ServiceSource, Schachter was vice president of corporate business development at National Semiconductor until its sale to Texas Instruments. Earlier, he was a founder and managing director of Blueprint Ventures, where he led strategy and investments in corporate IP spin-offs in the enterprise and data segments, and also managed institutional investor relations. He also spent eight years at Intel during the company’s period of highest growth, where he led several enterprise product groups and later spearheaded Intel Capital’s earliest investments and acquisitions.
“It’s always exciting to join a market-leading company with great employees, an exceptional product portfolio, and a blue-chip roster of customers,” said Schachter. “I look forward to building upon this strong foundation to guide ServiceSource’s strategic and corporate development efforts.”
ServiceSource International, Inc. (NASDAQ:SREV) is the global leader in recurring revenue management. Renew OnDemand™, the only cloud application built specifically to grow recurring revenue, automates a highly valuable but typically manual business process. By leveraging big data to give companies a complete view of their customers, Renew OnDemand and our proven services drive higher subscription, maintenance, and support revenue, improved customer retention, and increased business predictability.