SOURCE: MyBuys, Inc.

MyBuys, Inc.

October 28, 2009 13:25 ET

MyBuys Grows 400% and Extends Market Leadership in Personalized Recommendations

27 New Customers and 20 New Go-Lives in Record Third Quarter

REDWOOD CITY, CA--(Marketwire - October 28, 2009) - MyBuys, the leading provider of personalized recommendations, today announced record growth in the third quarter of 2009, with 27 new customer signings and more than 400% growth in year-over-year sales. In addition, MyBuys brought 20 new clients live with its personalization service in the third quarter, across their ecommerce web sites and multiple forms of email communications. For the year to date, MyBuys has secured relationships with sixty-seven new retail clients.

"With so much riding on the holiday season, many retailers are increasing spend to get more visitors to their sites -- and MyBuys provides a proven way to convert more browsers into high value customers," said Bob Cell, President and CEO, MyBuys. "MyBuys continues to extend its lead in personalized recommendations, and we're doing it through repeated client success. While we're proud of the new client signings and the go-lives, we're even more proud that our clients continue to expand their use of our personalization services across more and more touch points."

In the third quarter, MyBuys extended its ecosystem of leading retail solution providers, announcing partnerships and technical integrations with both Responsys and ExactTarget. Both of these partnerships enable MyBuys customers to enhance their client emails and newsletters with personalized product recommendations that are proven to drive more traffic back to the site, to increase sales, and to drive up average order size.

Also in the quarter, MyBuys furthered its position as a retail e-commerce thought leader by working with Sucharita Mulpuru, Principal Analyst for Forrester, and SteveMadden.com President Andrew Koven, on a webinar titled "4 Things You Need to Focus On in 2010." The webinar covered social and mobile strategies, and how simple enhancements to your ecommerce site can be used to drive more revenue and customer loyalty. A replay of the webinar is available on MyBuys.com at http://www.mybuys.com/company/4things_webinar.php.

Additionally, MyBuys released the first edition of its "e-commerce Health and Wellness Index," which showed an overall increase of 13% in year-over-year revenue, and improved industry wellness of around 3% across its base of over 125 retail customers.

About MyBuys

MyBuys is the leading provider of personalized product recommendations for online 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 Lancôme, Wine Enthusiast and Cost Plus World Market -- partner with MyBuys to offer intelligent, personalized recommendations to their shoppers. Based in Redwood City, Calif., MyBuys is a privately held company. www.MyBuys.com.

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