SOURCE: MaintenanceNet, Inc.

February 20, 2008 11:00 ET

MaintenanceNet, Inc. Reports Accelerated Growth While Engaging With Three New Leading Technology Manufacturers for Service Contract Management

Achieves 100 Percent Revenue Growth Over 2007 in the First Two Months of 2008

CARLSBAD, CA--(Marketwire - February 20, 2008) - MaintenanceNet, Inc., the leading provider of maintenance contract management services, today announced the addition of three new leading technology manufacturers to its growing list of customers, while also reporting a 100 percent increase in revenues over 2007 in the first two months of 2008 alone.

MaintenanceNet currently manages more than $10 billion in maintenance contracts through its comprehensive, software-as-a-service (SaaS) platform, which helps manufacturers and their channel partners achieve higher levels of profitability by selling more services. The new manufacturers that have signed on as MaintenanceNet customers are among the largest electronics and technology companies in the world and include Fortune 100 and Fortune Global 500 organizations.

Scott Herron, CEO of MaintenanceNet, attributes the company's revenue growth to the increased importance that manufacturers are now placing on service sales activities and investments. "The new year has brought MaintenanceNet a windfall of interest from technology manufacturers and channel players globally," Herron said. "All of these organizations are beginning to recognize that they must abandon traditional, cost-centric approaches to their service portfolios and embrace data integrity-driven initiatives that make it easier to sell services."

MaintenanceNet works by first solving the underlying data integrity challenges that exist in most maintenance service portfolios across the supply chain. Through its web-based, SaaS platform, MaintenanceNet provides a "register, renew, refresh" methodology that offers an entirely new approach to service contract lifecycle management, making it easier for manufacturers and their channel partners to recover lost revenue opportunities and sell more services.

About MaintenanceNet

MaintenanceNet is the leading provider of maintenance contract management services. The company's technology platform provides proven increases in overall profitability and revenue for manufacturers. MaintenanceNet's channel-friendly solutions automate and improve underlying data integrity, resulting in reliable customer information for registering and renewing service contracts. Using its online, interactive software as a service (SaaS) platform, MaintenanceNet provides the entire supply chain with a 360-degree view of their service contracts. The world's largest technology leaders turn to MaintenanceNet to achieve greater success in their service businesses. For more information, please visit www.maintenancenet.com or call 866-699-7212.

MaintenanceNet is a registered trademark of MaintenanceNet Incorporated.

Contact Information

  • Contacts:

    Kelly Crothers
    MaintenanceNet, Inc.
    +1.760.496.7575
    Email Contact

    Paula Johns
    Paula Johns Communications
    +1.760.487.1799
    Email Contact