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Synygy Continues Growth Streak in Second Quarter

2008-08-06 15:38:00

Synygy Continues Growth Streak in Second Quarter

Expanded Focus on Sales Operations Management (SOM) is Major

Contributor to Growth

CHESTER, Pa.–(EMWNews)–Synygy, Inc., a recognized authority on sales performance and the most

experienced provider of sales compensation management (SCM) solutions,

today reported results for the period ending June 30, 2008.

Synygy recorded another consecutive quarter of solid growth, with

revenue and profit all higher than the same period in the previous year.

The companys financial strength going into

the next quarter is exceptional, with over 90% of total revenue for the

third quarter of 2007 already booked for the third quarter in 2008,

largely due to Synygys high recurring revenue

from its on-demand software, on-demand staffing, and outsourcing

services solutions.

In addition to growth in Synygys core SCM

business, a major contributor to the companys

overall growth was a 62% increase in the sale of Sales Operations

Management (SOM) solutions for driving sales performance and sales force

effectiveness, including software and services for managing sales

territories and channels, sales quotas, sales objectives, sales metrics

and analytics, sales data processes, sales reporting, sales analysis,

and sales communications.

Other second quarter accomplishments include:

  • Synygy renewed or expanded its SCM business with 14 existing clients,

    including three of the largest pharmaceutical companies and two

    telecommunications giants.

  • Synygy again earned an overall client satisfaction score of excellent

    for the quarter, exceeding 4.0 out of 5.0 possible points on a range

    of mattersfrom professionalism and

    responsiveness to the likelihood of clients recommending Synygy

    solutions to how well Synygy enabled clients to accurately and

    effectively align their strategy and sales compensation plans.

  • Synygys recent global opinion survey

    concluded that our workforce is highly engaged and enthusiastic to

    serve our clients and overwhelmingly would recommend our products and

    services.

  • The spring SYNYGY SALES PERFORMANCE CONFERENCE attracted hundreds of

    attendees from more than fifty of the worlds

    largest technology, pharmaceutical, telecommunications, financial

    services, and other companies.

We are very pleased by our high client

retention and renewal rate, the growth in our on-demand SCM business,

and the impressive growth in our SOM business,

said Mark A. Stiffler, president and CEO. We

are also pleased that our business model has created a large, solid base

of recurring revenue that gives us a predicable view into future

financial performance.

About Synygy

Synygy, Inc. created the sales compensation management (SCM) market and

is the most experienced provider of SCM solutions. Based in Chester,

Pennsylvania and with extensive operations in Europe and Asia, Synygy

has achieved 17 consecutive years of success.

Synygys software and services eliminate the

problems of strategic misalignment because of an inability to design,

model, implement, and manage the sales compensation plans that companies

desire; misunderstood plans and inaccurate results that fail to drive

needed sales force behaviors; lack of management information that fails

to provide visibility into the effectiveness of strategy execution; and

an inability to quickly adapt to change that limits enhancements to

strategy and associated plan modifications. www.synygy.com

Synygy, Inc.
Karen Tulis, 610-494-3300 x7271
[email protected]

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