SOURCE: Allbound

Allbound

June 08, 2016 14:50 ET

Allbound Named Winner in Arizona Commerce Authority Innovation Challenge

The Software Company Was Awarded $250,000 to Accelerate Growth

PHOENIX, AZ--(Marketwired - Jun 8, 2016) - Allbound, the leading partner sales acceleration platform-as-a-service (PaaS) solution, was named a winner in the Arizona Commerce Authority Spring 2016 Innovation Challenge. As part of the award, Allbound received a $250,000 grant, which it will direct towards its growth and customer success initiative. The initiative includes expanding its core team in Phoenix, further building out features of its software, and fueling the growing channel sales and marketing movement at its inaugural CO:LLABORATE conference this November.

Allbound, which launched in April 2015, has been recognized for introducing innovation to channel partner sales with its cloud-based software that helps companies lower the cost of acquiring customers, increase customer wallet share, and accelerate their sales cycle through indirect sales partners. The company joins five other Innovation Challenge award winners, including AniCell BioTech, Clean Router, MWI, Salutaris Medical Devices, and SMART Brain Aging.

"The AIC is a crucial program for the Arizona technology startup community and we're humbled to have been recognized by the Arizona Commerce Authority for our accomplishments and vision," said Scott Salkin, co-founder and CEO of Allbound. "Being named a winner in the Innovation Challenge is a testament to the hard work and passion the entire Allbound team puts into customer success, as well as to the channel's readiness and hunger for innovation."

The ACA provides $3 million in grants annually -- $1.5 million in the spring and $1.5 million in the fall -- to the most qualified, innovative startups and early-stage companies. Up to $250,000 is granted to each recipient to commercialize their technologies and grow their businesses. Grant money is provided only as each company reaches specific business milestones during a 12-month period.

Allbound was also recently recognized with a Silver Stevie Award in the Startup of the Year category, and a Bronze Stevie Award in the Tech Startup of the Year category.

About Allbound
Allbound, a partner sales acceleration platform-as-a-service (PaaS) solution, is a cloud-based software that simplifies and accelerates a business's ability to recruit, onboard, train, measure, and grow indirect sales partners. The innovative software enables collaboration among channel vendors and their partners to improve the performance of their indirect sales channels by automating the delivery of marketing content, sales tools and training at each stage of the pipeline. For more information, visit www.allbound.com.

About the Arizona Commerce Authority
The Arizona Commerce Authority (ACA) is the state's leading economic development organization with a streamlined mission to grow and strengthen Arizona's economy. The ACA uses a three-pronged approach to advance the overall economy: recruit, grow, create - recruit out-of-state companies to expand their operations in Arizona; work with existing companies to grow their business in Arizona and beyond; and partner with entrepreneurs and companies large and small to create new jobs and businesses in targeted industries. Visit azcommerce.com for more information.

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