Monetate CEO David Brussin Named Ernst & Young Entrepreneur of the Year(R) 2012 for Greater Philadelphia

PHILADELPHIA, PA--(Marketwire - Jun 25, 2012) - Monetate, the leading provider of cloud-based technology for online marketers, today announced that its CEO and founder, David Brussin, has been honored with the Ernst & Young Entrepreneur Of The Year® 2012 award for the Greater Philadelphia region. The award recognizes outstanding entrepreneurs who demonstrate excellence and success in innovation, financial performance, and personal commitment to their businesses and communities.

Brussin, who co-founded the firm in 2008, is the force behind Monetate's technology and exceptional growth, as enterprises continue to adopt the company's testing, targeting, and personalization solutions to create highly relevant online customer experiences. 

"We created Monetate because there is a true need to end the 'one-size-fits-all' website experience," said Brussin. "Our success as a company is due to a talented and dedicated group bringing the solution to a receptive market. To be presented with this prestigious award is an honor for me and the whole Monetate team, and validates the work that we are doing for our customers. I am proud to be part of a vibrant and growing entrepreneurial community, and I thank Ernst & Young for celebrating entrepreneurship in the Philadelphia area."

Monetate's strong growth trend was evident in 2011 when the Agility Suite platform drove roughly 20 percent, or $168 million, of the record-setting $816 million in Black Friday online sales. 2011 also saw a yearly revenue increase of 278%, and the growth has continued in 2012 with the addition of more than 30 brands to Monetate's roster of clients.

The Ernst & Young Entrepreneur Of The Year Award for the Greater Philadelphia region was presented to Brussin on Thursday at the Philadelphia Convention Center. Now in its 26th year, the Entrepreneur Of The Year Program recognizes business leaders who create the products, services, and jobs that help our economy and communities grow. The Philadelphia-area finalists, who represent companies in the technology, biotech, healthcare, and other industries, were chosen by an independent panel of judges.

About Monetate
Monetate drives billions of dollars of revenue every year for some of the best-known brands in the world, including Best Buy, QVC, Urban Outfitters, Aeropostale, The Sports Authority, and PETCO. The company's comprehensive product suite and conversion expertise enable marketers to deliver a more relevant customer experience with unprecedented agility.

Leading marketers rely on Monetate's cloud-based browser technology to achieve a new level of speed and control, allowing them to run 16 times more optimization campaigns compared to industry averages. The Monetate Agility Suite includes advanced products for testing, merchandising, targeting, and cross-channel consistency, providing an opportunity to bypass IT restraints and react in real time to customer demands. Monetate also helps marketers implement best practices and drive online revenue through its expert strategic services and content publishing teams. For more information visit http://monetate.com/ or follow us on Twitter @Monetate.

About Ernst & Young Entrepreneur Of The Year®
Ernst & Young Entrepreneur Of The Year is the world's most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential, and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 140 cities in more than 50 countries.

About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.

Ernst & Young refers to the global organization of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit www.ey.com.

This news release has been issued by Ernst & Young LLP, a US client-serving member firm of Ernst & Young Global Limited.