SOURCE: GlobalRoads Inc.

January 23, 2007 08:00 ET

GlobalRoads Unveils Revolutionary eCommerce Recommendation Technology

Recommendation Technology Instantly Achieves Netflix Leaderboard Status

SUNNYVALE, CA -- (MARKET WIRE) -- January 23, 2007 --GlobalRoads Inc., a rapidly growing provider of sales automation services and open source solutions, is announcing its innovative eCommerce recommendation technology to participate in the Netflix Prize. The GlobalRoads system significantly outperforms Netflix's internal recommendation engine in prediction accuracy and is currently on the Netflix Leaderboard!

"It's already a great technical achievement with just our initial efforts, given there are more than 14,000 teams participating in this contest and companies like Netflix and Amazon have invested heavily over the last decade in such technologies," Vivek Sagi, Co-Founder and V.P. Business & Technology Solutions, GlobalRoads Inc., stated. "However, we are just getting started and are actively working to augment this recommendation technology with other online selling algorithms into a 'next generation' selling software application suite, capable of changing the fundamental economics and efficacy of eCommerce," he added.

GlobalRoads is an early mover in providing commercial open source services and solutions. These offerings are gaining momentum as a compliment, as well as a potential alternative, to today's proprietary systems. According to Bradford Newton, Co-founder and President, GlobalRoads Inc., "Active open source communities are a critical means for driving low cost innovation. As apparent from the Netflix competition, motivated individuals and teams are nimble and can quickly surpass what big corporations can achieve. To promote such community efforts we established SmartGRAPE, an open source initiative to bring together a global community of talented domain experts and software engineers to collaboratively develop a superior online shopping recommendation system."

GlobalRoads believes that improvements in recommendation system accuracy can dramatically improve the online shopping experience, thus leading to increased basket sizes and retention rates. Furthermore, the ability to offer such systems through an open source collaborative community helps to significantly reduce the deployment costs and dramatically increase the technological adoption rate of these systems.

The management team at GlobalRoads is confident that this investment in technology and an active support community will generate competitive and strategic advantages and will allow GlobalRoads to better service its customers and to shorten the time to market for its sales automation solutions.

About GlobalRoads Inc.

Founded in 2005, GlobalRoads Incorporated provides sales automation solutions and global IT services to its Global 2000 customers. GlobalRoads is headquartered in Sunnyvale, CA . For more information, visit the company's Web site at www.GlobalRoads.com.

Contact Information

  • Media Contact:
    Jan Izzo
    Corporate Communications
    GlobalRoads Incorporated
    Tel: 408.716.8516
    Email: Email Contact