SOURCE: MaintenanceNet

MaintenanceNet

January 06, 2015 11:01 ET

MaintenanceNet, Inc. Celebrates 10 Years in Business and New Service Revenue Milestones in 2014

Service Revenue Generation Leader Reports More Than $3 Billion in Service Contracts Now Under Management Worldwide

CARLSBAD, CA--(Marketwired - Jan 6, 2015) - Celebrating 10 years in business, MaintenanceNet, Inc., the leading provider of service revenue generation solutions, today announced a record year in 2014 with new milestones across its customer base including more than $3 billion in service contracts now under management worldwide.

In addition, the cloud-based software and data intelligence innovator reported year-over-year revenue growth of 50 percent in 2014 as it expanded its reach to serve more than 300 distributors and 23,000 resellers globally. The growth comes on the heels of privately held MaintenanceNet securing more than $12 million in funding from investment firm Kayne Capital in early 2014.

"It's exciting and gratifying to mark the beginning of our next decade in business," said Shayne Skaff, president and co-founder, MaintenanceNet. "We've built a strong and profitable company, and I'm extremely proud of the value proposition we've pioneered, the business we've earned from the biggest names in the technology industry, and the talented and dedicated team that drives our success. Helping our clients navigate the complex services market has been our priority since the beginning and we continue to lead and innovate in this space."

MaintenanceNet serves leading manufacturers, distributors and IT resellers around the world, helping them streamline and accelerate service sales and service renewals through a powerful combination of data intelligence and extreme automation. In 2014, the company delivered nearly 2.5 billion automated service quotes into the market and fueled millions of dollars in incremental revenue increases for clients worldwide.

To support its global expansion, in December MaintenanceNet moved to a larger headquarters facility in Carlsbad, Calif. At almost 30,000 square feet, the new office space is approximately 50 percent larger than the company's previous Carlsbad location, and will accommodate a growing team of professionals including additional engineers, data scientists and sales, marketing and operations executives.

To find out more about working at MaintenanceNet, watch our YouTube video at http://youtu.be/_AbqrV-iICY. For more information on MaintenanceNet's complete line of product and service annuity solutions, visit www.maintenancenet.com, or follow MaintenanceNet on Facebook, Google+, LinkedIn and Twitter.

About MaintenanceNet
MaintenanceNet empowers the world's leading manufacturers and their channel partners to expand the scope and success of their service sales initiatives. The company has delivered billions of dollars in service revenue to the businesses it serves, while also dramatically improving customer retention. What sets MaintenanceNet apart is its proficiency in turning incomplete or inaccurate customer data into actionable business intelligence to drive ongoing revenue and profits across product and service lifecycles. MaintenanceNet's ServiceExchange® Service Revenue Generation Platform and AutoQuote™ Campaign Engine apply extreme automation to expedite sales processes, create successful business outcomes and provide a channel-friendly approach to service quoting, ordering and renewing. For more information, visit www.maintenancenet.com or call 866-699-7212.

MaintenanceNet is a registered trademark of MaintenanceNet Incorporated.

Contact Information

  • Contact:
    Kelly Crothers
    MaintenanceNet, Inc.
    +1.760.496.7575
    Email Contact

    Paula Johns
    MaintenanceNet Public Relations
    +1.760.487.1799
    Email Contact