SOURCE: ServiceSource

ServiceSource

July 05, 2011 18:00 ET

ServiceSource Announces Further Expansion in APAC and Opens New Global Sales Operations Center in Kuala Lumpur

ServiceSource Hosting Celebration With Secretary-General, Ministry of International Trade and Industry of Malaysia, Datuk Dr. Rebecca Fatima Sta Maria

KUALA LUMPUR, MALAYSIA--(Marketwire - Jul 5, 2011) - ServiceSource® (NASDAQ: SREV), the global leader in cloud-enabled service revenue performance solutions, today announced the continued expansion in the APAC region with the grand opening of its new Global Sales Operations Center (GSOC) in Kuala Lumpur, marking the company's seventh international outpost and its second in the Asia Pacific region after opening an expanded sales center in Singapore in April 2010. As ServiceSource has continued to expand its operations globally, a major focus of its investment has been in Kuala Lumpur. With this new facility serving as a global sales operations center, ServiceSource will continue to focus on providing customer and renewals business insights to ServiceSource customers worldwide.

In celebration of the opening, ServiceSource will hold a grand opening ceremony with honored guest, Datuk Dr. Rebecca Fatima Sta Maria, the secretary-general, Ministry of International Trade and Industry of Malaysia alongside Basheer Cassim, senior vice president and managing direct, Asia, Pacific & Japan at ServiceSource and Jay Ackerman, chief services officer at ServiceSource. Datuk Dr. Rebecca Fatima Sta Maria will discuss the positive impact of ServiceSource solidifying its position in Kuala Lumpur. Basheer Cassim will talk about ServiceSource's growing customer-base in the APJ region and how the opening of a dedicated sales operations facility allows for better customer support and greater growth opportunities. Jay Ackerman will comment on the strategic importance of the Global Sales Operations Center to ServiceSource from a global perspective.

What:

An official ceremony for the grand opening of ServiceSource's new Kuala Lumpur office and expanded operations.

Who:

Datuk Dr. Rebecca Fatima Sta Maria, the secretary-general, Ministry of International Trade and Industry Malaysia

Basheer Cassim, senior vice president and managing director, Asia, Pacific & Japan, ServiceSource

Jay Ackerman, chief services officer at ServiceSource.

Local media is invited to join the celebration.

When:

July 7, 2011 from 12:30 - 2:30 pm. The official ceremony will begin promptly at 1:30 pm local time.

12:15 pm: Invited Guests adjourn for lunch
1:15 pm: Proceed to Conference Room for Opening Ceremony
1:30 pm: Welcome Address
(Mr. Chai Cheng Sheng, Director ServiceSource International Malaysia)
1:35 pm: Opening Address
(Mr. Basheer Cassim, Senior VP and MD ServiceSource International Asia Pacific)
1:45 pm: Opening Address
(Mr. Jay Ackerman, Chief Services Office, ServiceSource International)
1:50 pm: Keynote Address and Official Opening Ceremony
(YBhg. Datuk Dr. Rebecca Fatima Sta Maria, Secretary-General MITI)
2:25 pm: Office Tour

Where:

Located on Level 15 & 13A, Wisma Mont Kiara, 1 JalanKiara, Mont Kiara, Kuala Lumpur, Malaysia.

The GSOC is a global center of excellence for managing installed base data and insights for over 100 ServiceSource customer engagements worldwide. The GSOC underpins ServiceSource's Service Revenue Intelligence Platform™, which optimizes maintenance, support and subscription recurring revenue by leveraging customer and renewals data to help drive direct sales, channel sales and sales management. Based on a service revenue-specific data model, the platform identifies opportunities by aligning customer data with best practices and benchmarks. The Service Revenue Intelligence Platform allows continuous measurement of transactional, analytical and industry data to optimize results, and has processed over 2 million transactions representing more than $14 billion in service revenue.

"The strategic goal of the Global Sales Operations Center is to provide our customers with more actionable and real-time installed base insights and to allow ServiceSource to more rapidly scale up operations as we continue to grow," said Jay Ackerman, chief services officer of ServiceSource. "Our aggressive expansion into the Asia Pacific and Japan (APJ) market has been a long-term strategic initiative aimed at solidifying the international brand, expanding customer relationships and reaching new customers."

"ServiceSource's commitment to Kuala Lumpur is based on a rich pool of highly educated, knowledge workers," said Datuk Dr. Rebecca Fatima Sta Maria, secretary-general, Ministry of International Trade and Industry Malaysia. "ServiceSource is an exciting and growing technology company that will bring high-value jobs to Malaysia in the coming years. We are thrilled about this partnership and look forward ServiceSource's ongoing success."

About ServiceSource
ServiceSource is the global leader in service revenue management, partnering with technology-based companies to optimize maintenance, support and subscription revenue streams, while also improving customer relationships and loyalty. ServiceSource helps customers increase service revenue contract renewal rates, on average, by over 15 percentage points and, in some cases, over 40 percentage points. ServiceSource delivers these results via a cloud-based solution, combining its Service Revenue Performance Suite™ of applications with dedicated service sales teams, leveraging a proprietary Service Revenue Intelligence Platform™ of transaction data, benchmarks and best practices. ServiceSource offers its service revenue management solution on a unique pay-for-performance business model that enables a success-driven, shared-risk partnership. The Company is headquartered in San Francisco, and manages service revenue performance for customers across the globe in more than 35 languages.

ServiceSource and any ServiceSource product or service names or logos above are trademarks of ServiceSource International, Inc. All other trademarks used herein belong to their respective owners.

For more information on ServiceSource, visit http://www.servicesource.com. To connect with ServiceSource, visit us on Twitter, Facebook, LinkedIn and YouTube.

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding our ability to improve the renewal rates and revenue results of our customers. These forward-looking statements are based on the Company's current assumptions and beliefs, and involve risks and uncertainties that could cause our results to differ materially from those expressed or implied in our forward-looking statements. Those risks and uncertainties include, without limitation, changes in market conditions that impact our ability to generate service revenue on our customers' behalf; errors in estimates as to the renewal rate improvements and/or service revenue we can generate for our customers; risks associated with material defects or errors in the Company's software or the effect of data security breaches; our ability to adapt our solution to changes in the market or new competition; our ability to protect our intellectual property rights; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our periodic reports and registration statements filed with the Securities and Exchange Commission, which and can be obtained online at the Commission's website at http://www.sec.gov. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements.

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