SOURCE: FunnelSource


September 07, 2011 06:23 ET

Rapid Customer Adoption Fuels FunnelSource, Inc.'s Continued Expansion on's Platform

Breakthrough Products, Breakthrough Sales Growth -- The Future of Pipeline Management

LOS ANGELES, CA--(Marketwire - Sep 7, 2011) - By leveraging, one of the most widely adopted Platforms-as-a-Service (PaaS) in the world, FunnelSource, Inc., the leader in Sales Pipeline Management for, just announced record customer growth. Today, FunnelSource boasts over 4,000 active users, comprised of Sales Reps, Sales Managers, and Sales, Marketing and Operations Executives who depend on the Funnel applications, FunnelAction, FunnelRace, and FunnelSimulator, to standardize pipeline management, instill competition, and determine pipeline requirements, respectively.

So far in 2011, over 50% of existing FunnelSource customers have already ordered additional seats to support their growing Sales organizations, which span outfits of all sizes, across many industries, from emerging growth firms to Fortune 500 companies.

Founded in September 2008, FunnelSource is a true technology bootstrap -- a beacon of what can be done with an efficient platform, world-changing design, and copious implementation of a massively scalable Sales methodology.

Now, as companies continue to choose cloud-based apps to fill functionality gaps, and build out their infrastructure on platforms such as, FunnelSource is poised to accelerate its already rapid growth, and become the global enterprise leader as we move towards pipeline management standardization.

Key Milestones

  • Since Jan 1, 2011, the company has already grown its subscriber base by over 425% and increased Monthly Recurring Revenue by almost 300%.

  • The company currently maintains a 93% all time user retention rate.

  • The company won the AppExchange Best of 2010 Award in the Dashboards & Reports category from customers.

"Leveraging has allowed us to grow at a tremendous rate," says John Hanna, CEO of FunnelSource, Inc. "Now that our customers have committed to a Platform-as-a-Service, they are constantly looking at ways to improve their Sales strategies, specifically to increase revenue and retain existing customers. If there's a functionality gap, such as Pipeline Management or Incentive Management, or if there is something missing that can help them sell faster, our customers now look to apps to solve these problems. As cloud-based apps are the undisputed future, we have positioned ourselves to be the industry leader and capitalize on this expanding market."

About FunnelSource
FunnelSource, Inc. is the leader in Sales Performance and Pipeline Management Applications for Sales organizations of all sizes across industries. Designed for quota-carrying Sales Reps, Sales Managers, and Sales, Marketing and Operations Executives, the FunnelSource suite of apps has revolutionized how customers drive revenue. Today, with thousands of paying subscribers and growing quickly, FunnelSource is committed to continuing to build the most advanced Sales and Marketing weapons available. FunnelSource is proud to be a AppExchange partner. For more information, please visit

Contact Information

  • Press Contact:
    Andy Eichler
    (310) 459-1801
    Email Contact