SOURCE: MyBuys

MyBuys

January 25, 2010 14:03 ET

MyBuys Doubles Client Base, Triples Revenues in 2009

Company Extends Market Leadership With Over 150 Retail Clients, Including Over 50 of the IR Top 500

REDWOOD CITY, CA--(Marketwire - January 25, 2010) - MyBuys, the leading provider of personalized recommendations for multi-channel retailers, today announced the results of its business operations for the prior year. In 2009, MyBuys doubled the size of its client base to a market-leading 150+ retailers, and the company's revenue grew by over 200%. In the third quarter, Internet Retailer named MyBuys "Top Personalization Vendor," and by the end of the year, MyBuys surpassed 50 clients that are included in the list of the Internet Retailer Top 500 retailers -- more than double any other personalization vendor.

"MyBuys had a very strong 2009, and we are proud of our accomplishments, but more importantly, our retail customers persevered through tough economic challenges and turned in positive growth across all categories," said Robert Cell, president & CEO, MyBuys, Inc. "We are consistently proving that our unique approach to personalization results in higher click rates, larger order values, and higher site revenues for our retail clients. Our strong growth is directly attributable to the growth our clients are deriving from our personalization solutions, and we continue to invest heavily in R&D to innovate and drive more value. We're looking forward to an even stronger 2010, and we enter the year with an innovative set of offerings to augment our market-leading web recommendations and email personalization solutions."

2009 also saw the introduction of the MyBuys E-commerce Health and Wellness Index, a monthly service provided by MyBuys to measure the overall state of the e-commerce sector. The Index surfaced key trends and insights that showed how retailers were able to drive growth in an otherwise challenging year, and demonstrated strong momentum for retailers heading into 2010. Leading publications and media outlets including the Wall Street Journal, Time Online, and Fox Business have featured stories about the Index, and Internet Retailer showcases the results of the Index within its monthly business features section.

About MyBuys

MyBuys is the leading provider of personalized recommendations for multi-channel retailers. The company builds deep profiles based on each individual shopper's behavior, then uses a patented portfolio of algorithms and real-time optimization to deliver the most relevant recommendations. MyBuys' clients are increasing average order value by 45 percent, improving conversion rates by 90 percent, and boosting overall online revenue 10-30%. Premier retailers, including over 50 of the IR Top 500, partner with MyBuys to offer intelligent, personalized recommendations to their shoppers. Based in Redwood City, Calif., MyBuys is a privately held company. Visit them online at www.mybuys.com.

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