SOURCE: ServiceSource


September 22, 2011 09:00 ET

ServiceSource Signs On as Title Sponsor of the Silicon Valley Golf Challenge

Leading Service Revenue Management Company Links With Bay Area's Leading Golfers for Charity

SAN FRANCISCO, CA--(Marketwire - Sep 22, 2011) - ServiceSource® (NASDAQ: SREV), the global leader in service revenue management, is proud to announce that it is the Title Sponsor of the Fifth Annual Silicon Valley ServiceSource Challenge, the Bay Area's annual corporate charity golf tournament bringing over $600,000 to over 40 deserving charities in, and around, the Bay Area. This long-running philanthropic event showcases the Bay Area's best corporate golfers alongside celebrities and pros for significant prize money. This year, competitors will compete for $75,000 to $100,000 in prize money to be distributed to winning teams' charities of choice.

ServiceSource -- the global leader in service revenue management

Silicon Valley ServiceSource Challenge -- the Bay Area's annual charitable corporate golf tournament

Monday, October 3, 2011

Stanford University Golf Course
198 Junipero Boulevard
Stanford, CA 94305

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"At ServiceSource we are not only dedicated to the success of our customers, we are equally dedicated to supporting philanthropic efforts in our home towns and around the world. We are thrilled to be the title sponsor of The Silicon Valley ServiceSource Challenge," said Mike Smerklo, chief executive officer, ServiceSource. "We realize that we owe much of our success to the people and communities that have supported us around the world. We are honored to be able to give back through an event like the Silicon Valley ServiceSource Challenge."

ServiceSource is committed to corporate social responsibility and supports many philanthropic initiatives held throughout the year. On the heels of the launch of the Company's new employee-led PowerSOURCE community service initiative, and as a global company, ServiceSource and its employees have prided themselves on being connected to the communities in which they live. ServiceSource is also dedicated to supporting its employees and their families, with Mike Smerklo sitting on the Board of the Greater Bay Area Make-A-Wish Foundation. Supporting aspiring, local golfers and charities through the Silicon Valley ServiceSource Challenge is a natural extension of their community outreach programs.

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.

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