SOURCE: MaintenanceNet

July 16, 2007 11:00 ET

MaintenanceNet, Inc. Reaches New Milestone With the Management of More Than $2 Billion in Maintenance Contracts and a Highly Successful Start to 2007

Rising Adoption of MaintenanceNet's Technology and Services Drives 64 Percent Increase in Second Quarter Revenues

CARLSBAD, CA--(Marketwire - July 16, 2007) - MaintenanceNet, Inc., the leading provider of maintenance contract management services, today announced a new company milestone with the management of more than $2 billion in maintenance contracts in the second quarter alone through its portal-based, customer data integration (CDI)-driven technologies and services. The privately held company also reported a 64 percent increase in second quarter 2007 revenues, compared to the same quarter in 2006.

During the first half of 2007, MaintenanceNet continued on an aggressive business development path, securing a number of key customer wins including several of the world's leading technology manufacturers. According to Scott Herron, CEO of MaintenanceNet, the company's sales growth is indicative of the increasing importance that manufacturers are placing on service contract management.

"MaintenanceNet has commanded the attention of the world's leading technology companies by providing a very unique value proposition," Herron said. "Our data-driven solutions have transformed the way organizations manage their customer lifecycles, driving important new revenue streams that deliver significant shareholder value while also breathing new life into partner relationship management."

Since 2001, MaintenanceNet has been providing manufacturers, distributors and value-added resellers (VARs) alike with proven techniques and technologies for uncovering new service sales opportunities surrounding expiring service contracts, unattached assets (products sold without service agreements) and warranty and product registration. With reoccurring revenue of 80 percent, MaintenanceNet works closely with its customers to provide tailored solutions for their ongoing service contract management and product registration challenges.

MaintenanceNet differentiates its software as a service (SaaS) offerings by integrating data from multiple companies and multiple data sources along the supply and demand chain into a single, unified software application. The result is complete visibility into service contract management -- spanning manufacturers, channel partners, end customers and every touch point in between.

About MaintenanceNet

MaintenanceNet is a leading provider of maintenance contract management services. The company's innovative web-based products and comprehensive data mining, aggregation and master data management services allow technology vendors to maximize service revenue opportunities while improving customer satisfaction and overall operational efficiencies. By connecting technology vendors with OEMs, channel partners and end-clients, MaintenanceNet facilitates the management, marketing and sales of maintenance services. For more information, contact (866) 699-7212 or visit www.maintenancenet.com.

MaintenanceNet is a registered trademark of MaintenanceNet Incorporated.

Contact Information

  • Contact:

    Kelly Senecal
    MaintenanceNet, Inc.
    760/496-7575
    Email Contact

    Paula Johns
    For MaintenanceNet, Inc.
    760/487-1799
    Email Contact