Business News

Altus Learning Systems Named to Inc. 5000 List of Fastest-Growing Private Companies

2008-08-21 07:05:00

- Leads all other Video-On-Demand Software Vendors with 218 Percent Revenue

                                 Increase -

  - Growth Due to Helping Global Enterprises Save Millions in Travel Costs

   and Revenue Acceleration through Increased Sales Force Productivity -



    NEW YORK, Aug. 21 /EMWNews/ -- Inc. magazine today ranked Altus

Learning Systems (http://www.AltusCorp.com) the leader in video-on-demand

software for knowledge sharing with 218 percent revenue growth on the 2008

Inc. 5000 (http://www.inc.com/inc5000/index.html) list of fastest-growing

private companies, ahead of all similar vendors on the list.



    "Our second annual Inc. 5000 continues the most ambitious project in

business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc.

5000 gives an unrivalled portrait of young, underreported companies across

all industries doing fascinating things with cutting-edge business models,

as well as older companies that are still showing impressive growth."



    Altus' growth is fueled by organizations like Cisco, IBM and NetApp

that are looking beyond the usual sales conferences and training events to

grow their direct sales teams, channels and revenues. Altus is saving

customers millions in travel costs and increasing their sales productivity

by delivering product and market information in digital formats that people

in the field need, when they need them.



    Altus' video-on-demand software stores meeting and conference

presentations and user-generated content to be searched, viewed,

collaborated on and downloaded, thereby fulfilling the just-in-time

learning needs of today's busy sales forces. Altus' video-on-demand and

social networking capabilities empower geographically-dispersed teams to

better manage large, complex product lines across global channels and

communicate more effectively with colleagues and customers.



    "Altus is growing rapidly because we help companies improve both their

top and bottom lines," explained Ted Cocheu, Altus CEO. "Our customers know

that people can sell and support only those products they understand and

that traditional training doesn't work. Sales people need the rapid,

collaborative knowledge-sharing capabilities Altus provides to get exactly

the information they need when needed to close the sale. All companies

today need to significantly reduce costs -- we recently helped a customer

achieve a 10x return on their $60,000 investment in Altus technology to

reduce the duration and attendance costs of a single sales event."



    "One of the important takeaways from our research is that learning

needs to be part of a corporate business strategy," said Josh Bersin,

president of Bersin and Associates, a research and advisory firm focused on

enterprise learning and talent management. "Organizations are shifting from

traditional training to a more collaborative approach with an emphasis on

knowledge sharing. The Altus solution allows companies to better integrate

their learning needs into their overall business and content strategies for

sales, marketing or operations."



    Altus helps companies digitally capture corporate event and conference

knowledge like TiVo, make it searchable like Google and deliver it like

YouTube to employees, partners and customers. Altus records people sharing

knowledge, transcribes their presentations verbatim, synchronizes the

various components, and makes them all searchable and accessible down to

the spoken word.



    For more information about Altus and saving travel and training costs,

visit http://www.altuscorp.com or contact Tim Hughan, Director of

Marketing, at (408) 395-9154.



    About Inc.com



    Inc.com, the daily resource for entrepreneurs, delivers how-to guides,

advice, tools, breaking news, and rich multi-media to help business owners

and CEOs start, run, and grow their businesses. Inc.com offers dynamic

marketing solutions to help advertisers effectively reach Inc.com's

audience of business leaders. Visit http://www.inc.com.



    About Altus Learning Systems



    Altus is a leader in collaborative knowledge sharing throughout the

extended enterprise. Altus' on-demand software-as-a-service (SaaS) enables

organizations to instantly deliver critical knowledge to large,

geographically-dispersed audiences, including employees, partners and

customers. This dynamic and searchable rich-media platform from Altus is

the only solution of its kind that makes expert knowledge searchable down

to the spoken or written word. Users can find the exact information they

need whenever they need it in whatever digital formats are most convenient.

Global giants like Cisco, IBM, GM and NetApp rely on Altus to achieve

outstanding ROI, substantial productivity gains and millions of dollars of

savings in reduced travel and training costs. More information is available

at http://www.altuscorp.com





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