SOURCE: Leads360

Leads360

May 03, 2011 11:35 ET

Leads360 Appoints Nick Hedges as President and Chief Executive Officer

Hedges Takes On Leadership of Award-Winning Lead Management Software Company During a Time of "Unprecedented Growth"

LOS ANGELES, CA--(Marketwire - May 3, 2011) - Leads360, the industry leader in sales lead management software, today announced that Nick Hedges has been named President & Chief Executive Officer.

Hedges joined Leads360 in 2008 from Bain & Company. Since that time he has held the positions of SVP of Business Development, Head of Sales, Chief Revenue Officer and, most recently, President. Over the same period revenues have nearly tripled. This growth has largely been driven by Leads360's transformation from a mortgage-specific lead management software provider to the market leader in integrated sales management and telephony in multiple industry verticals.

Hedges succeeds Dan Morefield, who has stepped down in order to spend more time supporting a family member's health issues. Morefield will remain an advisor to the company. "Dan brought Leads360 to record levels of revenue and profitability and is handing over the reins to a business that is flourishing," said John Babcock, a Leads360 board member and Partner at Rustic Canyon Ventures. "We are grateful for his leadership and understand his need to take care of family priorities. Having worked closely with Dan over the last three years, Nick is the perfect successor. He has been instrumental in Leads360's phenomenal success over the past few years including twelve successive quarters of growth. I am excited and confident about Nick's demonstrated commitment to continue to accelerate growth and position Leads360 as the undisputed leader in the lead management and sales telephony software industry."

In his role as CEO, Hedges will be charged with further expanding Leads360's product and customer footprint as it looks to maintain and further accelerate growth.

"I am delighted to take on the CEO role at Leads360," said Hedges. "Leads360 is at a pivotal point in our seven-year history. We have grown quickly over the past few years but the best is definitely yet to come. We have a market-leading product that delivers significant value to a large and rapidly expanding base of customers. I feel very fortunate to be able to steer the company as we scale to meet the huge demand for integrated lead management and telephony solutions."

To learn more about Leads360, please visit www.leads360.com.

About Leads360
Founded in 2004 and headquartered in Los Angeles, Calif., Leads360 develops software as a service (SaaS) solutions for managing sales leads. Distinguished by its focus on solutions that address the unique needs of businesses who sell to consumers, Leads360 is recognized as a market and technology leader, managing more than 35 million leads for over 5,000 clients. With a suite of solutions scaled for small to enterprise organizations, the company offers the industry's most comprehensive and configurable lead management platform.

Leads360 enables companies to distribute, track, analyze, and convert sales leads using a customizable lead management workflow and integrated on-demand telephony software. Professional services, including training and process consulting, are also offered to deliver a highly effective solution for converting sales leads. Businesses look to Leads360 for solutions that allow them to maximize their investment in leads generated online and from traditional sources, and ultimately increase sales closure rates for greater revenue. For more information, visit www.leads360.com.

Follow Leads360 on Twitter: www.twitter.com/Leads360.

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