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ServiceSource Chairman & CEO Mike Smerklo Named Ernst & Young Entrepreneur Of The Year® 2010 Award Finalist in Northern California

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18 May 2010 (SAN FRANCISCO) - ServiceSource®, the technology and market share leader in cloud-based service revenue performance solutions for technology, healthcare, and life sciences companies, today announced that chairman & CEO Mike Smerklo is a finalist for the Ernst & Young Entrepreneur Of The Year® 2010 Award in Northern California.  According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities.  Mike Smerklo was selected as a finalist from over one hundred nominations by a panel of independent judges.  Award recipients will be announced at a special gala event on June 12, 2010 at the San Jose Fairmont Hotel. 

“Being recognized as a finalist for the Entrepreneur Of The Year awards by Ernst & Young is recognition of all the hard work and dedication every single ServiceSource employee contributes on a daily basis,” said Mike Smerklo chairman & CEO of ServiceSource. “With Northern California being a region that has a rich history in celebrating innovation and entrepreneurship, being considered for this prestigious award among so many other talented and driven individuals is certainly one of the prouder moments in my career.”

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 24th anniversary this year.  The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world. 

Regional award winners are eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year national program.  Award recipients in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award recipient, will be announced at the annual awards gala in Palm Springs, California on November 13, 2010.  The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.

In Northern California, sponsors include The Big Picture Film & Video Arts Inc., Manpower, Smart Business, Scherzer International and The Summit Group.

About ServiceSource

ServiceSource is the service revenue performance company. We partner with technology, healthcare, and life sciences companies to maximize maintenance, support, and subscription revenue while optimizing customer loyalty. We increase contract renewal rates for clients on average by 10–25 percentage points — and in some cases by up to 40 points. These dramatic results are achieved via a purpose-built service revenue solution, including a suite of cloud applications and managed services built on a proprietary technology platform, which combines the industry's most robust data management engine and a unique service revenue master, leveraging our deep knowledgebase of benchmarks and best practices. Our solution delivers proven results through a 100% pay-for-performance business model that enables a success–driven, shared–risk partnership. Headquartered in San Francisco, ServiceSource has $5 billion in service revenue under management.

For more information on ServiceSource, visit www.servicesource.com or call: 415.901.6030.

About Ernst & Young’s Entrepreneur Of The Year® Awards Program

Ernst & Young’s Entrepreneur Of The Year® is the world’s most prestigious business award for entrepreneurs. The award makes a difference through the unique way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Ernst & Young Entrepreneur Of The Year® celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young LLP is a client-serving member firm of Ernst & Young Global Limited located in the U.S.

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Media Contact for ServiceSource:

Sabrina Cook
Horn Group for ServiceSource
415-905-4013
sabrina.cook@horngroup.com