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.” About ServiceSource 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.
With over a decade of experience focused exclusively on growing recurring revenue, ServiceSource's products and services are based on proven best practices and global benchmarks. Headquartered in the Cloud Corridor of San Francisco, ServiceSource® manages over $9 billion in recurring revenue for the world’s largest and most respected technology companies. ServiceSource renews a customer contract every 47 seconds through engagements in more than 150 countries and 40 languages. For more information, please go to www.servicesource.com.Forward-Looking Statements This press release contains forward-looking statements, including statements regarding the benefits of ServiceSource offerings, our managed services and our Renew OnDemand cloud platform and application. These forward-looking statements are based on our current assumptions and beliefs, and involve risks and uncertainties that could cause our results to differ materially from those expressed or implied in our forward-looking statements. Those risks and uncertainties include, without limitation, fluctuations in our quarterly results of operations; the risk of material defects or errors in the our software offerings or their failure to meet customer expectations; migrating customers to Renew OnDemand and the ability to integrate Renew OnDemand with other third-party applications used by our customers; errors in estimates as to the renewal rate improvements and/or service revenue we can generate for our customers; our ability to grow the market for service revenue management; our ability to protect our intellectual property rights; the risk of claims that our offerings infringe the intellectual property rights of others; changes in market conditions that impact our ability to sell the Renew OnDemand solution and/or generate service revenue on our customers' behalf; the possibility that our estimates of service revenue opportunity under management and other metrics may prove inaccurate; demand for our offering that falls short of expectations; our ability to keep customer data and other confidential information secure; our ability to adapt our solution to changes in the market or new competition; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our periodic reports and registration statements filed with the Securities and Exchange Commission, which can be obtained online at the Commission's website at http://www.sec.gov. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements. Connect with ServiceSource: http://www.facebook.com/ServiceSource http://twitter.com/servicesource http://www.linkedin.com/company/servicesource http://www.youtube.com/user/ServiceSourceMKTG Trademarks ServiceSource, Renew OnDemand and any ServiceSource product or service names or logos above are trademarks of ServiceSource International, Inc. All other trademarks used herein belong to their respective owners.