News and Events

SERVICESOURCE ADDS NEW SERVICE CENTER IN DENVER TO KEEP PACE WITH GROWTH AND TO BETTER SERVE EXPANDING CLIENT LIST

San Francisco-Based Company Continues Profitable Position and 100% Year-Over-Year Growth

May 10th, 2006, San Francisco, CA: ServiceSource, an outsource sales organization focused exclusively on increasing support and maintenance revenue for technology companies, today announced that the company would open a North American service center in Denver, Colorado, effective immediately. The Denver service center will be the newest location to serve ServiceSource's growing client list of over 35 of the technology industry's leading hardware, software and telecom companies. To meet the needs of its rapidly growing client base, the company decided on the thriving mile high city after researching over twelve potential possibilities.

The company's decision to select Denver-one of the highest growth technology centers in North America-was based on its proximity to current and prospective clients and the pool of educated, high-tech focused sales and management level employees. Similar to its successful expansion in Dublin, Ireland, ServiceSource anticipates rapid client growth in Denver, and will have over 100 sales associates in Denver by the end of 2006. Denver is the third fastest-growing city in the last decade and has been recently rated the number one metropolitan area in its concentration of technology workers. For the 6th consecutive year, it has been described "as the most educated city in the U.S." by Fortune Magazine. Denver provides easy accessibility for ServiceSource clients and the SF-based executive team.

"ServiceSource's incredible growth these last several years allows us the fortunate fiscal position to add another North American service center to better serve our clients," said Mike Smerklo, president and CEO of ServiceSource. "We made our selection very carefully and are very excited to tap into the extensive talent pool that Denver offers. We have a long standing tradition of hiring the best-of-the-best, instilling a commitment of excellence, and rewarding our employees with significant and rapid advancement opportunities."

The launch of Denver operations is being seeded with twenty five seasoned Sales Representatives and Account Managers from the company's San Francisco-based headquarters. The same strategy was utilized with great success when the company launched their International Operations in Dublin last year. The company has actively begun recruiting in Denver, in order to build a large, talented sales and management team in the Denver area. The new service center is located downtown at 1801 California Street in the Qwest Building.

About ServiceSource

Profitable since its inception in 1999, San Francisco-based ServiceSource is dedicated solely to maximizing support and maintenance revenue for technology companies. Within the technology industry, support and services revenue totals over $135 billion worldwide, and companies typically realize only 84% of their maximum opportunity. It is this revenue gap that ServiceSource uncovers, manages, and closes on behalf of its clients. ServiceSource clients benefit from improved financial performance, a higher level of predictability in their annuity stream and increased visibility over reported results. The company is privately held with funding from Benchmark Capital. For candidates interested in pursuing opportunities at ServiceSource, visit www.servicesource.com or contact Rachel Hangartner at 415.901.1187.