SANTA MONICA, CA--(Marketwire - March 8, 2010) - Montgomery Technology Conference - Mercent™, a leading provider of on-demand marketing solutions for retailers, today announced CEO Eric Best is a featured presenter at the 2010 Montgomery Technology Conference taking place this week, March 9th and 10th at the Fairmont Hotel and Bungalows in Santa Monica, California.
Mr. Best is scheduled to present at 12:30 pm on Wednesday, March 10th, highlighting Mercent's success at the intersection of the high-growth SAAS, online advertising, and e-commerce markets. The company presentation will address Mercent's market position, customer portfolio, product and service offerings, competitive strengths, capitalization history, and recent operational achievements that include:
- Attained record consolidated GAAP revenues for Q42009 and FY2009
- 106% (2.06X) year-over-year GAAP revenue growth for Q42009
- 87% (1.87X) year-over-year GAAP revenue growth for FY2009
- Fourth consecutive year of more than 75% annualized GAAP revenue growth
- Fourth consecutive year of increasing annualized GAAP revenue growth
- GAAP profitable, generating positive cash flow
- Forecasting ongoing profitability and free cash flow in FY2010
- Increased total enterprise retailer customer count by more than 50% in FY2009
- Newest tier 1 Mercent clients include Office Depot, Zappos, BlueFly, Orvis, Fossil, Microsoft, National Business Furniture, and more
- Attained record aggregate client gross merchandise value (GMV) for Q42009 and FY2009
- 121% (2.21X) year-over-year GMV growth in Q4 2009
- 84% (1.84X) year-over-year GMV growth in FY2009
- Fourth consecutive year of more than 75% annualized GMV growth
- Fourth consecutive year of increasing annualized GMV growth
- Expanded retailer online advertising reach with support for new profit-generating programs from Google, Amazon, eBay, Microsoft Bing and others
- Expanded Mercent Retail™ software license sales through new strategic channel partners, including online digital advertising agencies.
According to Eric Best, "Mercent operates at the epicenter of software-as-a-service, online advertising, and e-commerce. We have successfully capitalized on double-digit CAGR with the company demonstrating profitable growth and accelerating customer adoption under the current market environment. This growth, combined with our predictable, recurring software subscription revenue model and strong enterprise customer track record offer positive indicators of Mercent's future success and value creation for our investors and partners."
Through its award-winning Mercent Retail™ SAAS technology and Mercent Performance™ professional services, Mercent helps the world's most successful online merchants including Office Depot, Zappos, BlueFly, Orvis, Fossil, Microsoft, 1-800-Flowers, Bass Pro Shops, Brookstone, GUESS?, and REI optimize online shopping channel marketing campaigns to drive customer acquisition, revenues, profits, and inventory velocity. Mercent is the single point of integration with a vast online advertising network that includes more than 80 data-intensive online advertising channels including Amazon.com, AOL, eBay, Microsoft Bing, Yahoo!, and Google.
The 2010 Montgomery Technology Conference covers key technology trends specific to virtualization, cloud computing, security, social media and eCommerce. Mercent was selected from hundreds of emerging-growth private technology companies to present at the two day event based on its industry leadership, success in shaping the online marketing technology landscape, and award-winning reputation as the leading online advertising management platform provider to retailers. More than 2,000 senior-level capital investors, industry executives, media, analysts and other guests will be in attendance at the 2010 Montgomery Technology Conference.
Throughout the event Mr. Best will be on hand to meet with attendees. Those interested in speaking with Mercent during this two-day event can contact Mercent Communications Department at 206-310-5323 or email at kristines@mercent.com.
Additional, information regarding the Mercent Retail shopping feed and product feed solution; Mercent Retail™ Social shopping service; Mercent Performance marketing service; and/or the company's complete list of online marketing channels in the Mercent Shopping Network are available at www.mercent.com.
About Montgomery & Co.
Montgomery & Co., LLC is a leading investment banking firm that provides a wide range of services to growth companies worldwide. Founded in 1986 to provide strategic capital-formation advisory services to high technology companies, the firm expanded its industry focus and breadth of services to provide strategic advisory and M&A services, and public and private financings to companies in the technology, healthcare and media sectors.
Headquartered in Santa Monica, California with additional offices in San Francisco and New York, Montgomery & Co. is a member of the Financial Industry Regulatory Authority (FINRA), and its professional associates are registered with FINRA-SIPC. For more information, please visit www.monty.com.
About Mercent
Mercent is a leading provider of online channel marketing technology and services for retailers. Through its award-winning Mercent Retail™ SAAS technology and Mercent Performance™ professional services, Mercent helps the world's most successful online merchants including 1-800-Flowers, Bass Pro Shops, Brookstone, GUESS?, L'Occitane USA, Redcats Group, and REI optimize online shopping channel marketing campaigns to drive customer acquisition, revenues, profits, and inventory velocity. Mercent is the single point of integration with a vast online advertising network that includes transactional marketplaces such as Amazon.com and eBay; comparison shopping engines (CSEs) such as Shopping.com and NextTag; affiliate marketing programs such as LinkShare and the Google Affiliate Network; and other product advertising channels including Microsoft Bing Cashback and Google Product Listing Ads (PLA). The company is a 'Selling on Amazon.com' Certified System Integrator, Buy.com Gold Certified Partner, eBay Certified Provider and certified Google Product Search Partner. Founded by a seasoned team of Amazon.com veterans, Mercent is a venture-funded company based in Seattle, WA. For more information, visit www.mercent.com.
Contact Information:
Mercent PR Contact:
Kristine Szarkowitz
Tel: 206.310.5323