Synygy's Profitable Growth Streak Continues Unabated In Q2 2010
Second quarter highlights include 61% growth in implementation services business resulting from a record level of simultaneous SPM implementations.
- (1888PressRelease) August 06, 2010 - Synygy Inc., the largest and most experienced provider of sales performance management (SPM) solutions, today announced quarterly results for the period ending June 30, 2010, and noted that its profitable growth streak of almost twenty years continues unabated. Also highlighted were record levels of sales and professional services activity and the creation of new industry-specific sales process workflow applications.
"During the past quarter, we worked on the simultaneous implementation of a record number of SPM projects across a wide span of industries," said Mark A. Stiffler, Synygy president and CEO, "As a result, our implementation services business was up by over 61% versus the same quarter last year and up very significantly over the prior quarter."
Other previously announced notable events included:
• the signing of a major international bank for SPM software and services
• the signing of a major player in the U.S. business supplies distribution industry
• the launch of SPM software and services for a leading animal science product manufacturer
• the spring Synygy Sales Performance Conference, the industry's premier executive education and networking event
• the release of an enhanced compensation plan modeling application
Synygy also experienced a healthy growth in its sales pipeline in Q2 as a result of a large increase in investments in sales and marketing resources, and we completed the development of over a dozen industry-specific sales process workflow applications for insurance, banking, telecommunications, and other industries.
"While engaging with various prospects and clients, we uncovered numerous vertically-focused sales processes that were ripe for more advanced automation," Stiffler added. "Because of our flexible workflow automation and business process management software, Synygy is able to quickly configure and automate complex business processes, and we used this capability to grow our set of SPM products and further expand our status as the leader with the most SPM experience and the greatest depth and breadth of SPM solutions."
For more information on Synygy's sales performance management software and services, visit www.synygy.com or e-mail sales ( @ ) synygy dot com
About Synygy
Synygy is the largest and most experienced provider of sales performance management (SPM) software and services. These include SPM solutions for: sales compensation management (incentive compensation; rewards and recognition; and total compensation); sales communications management (sales portals; reports, dashboards, and analytics; and analyses, alerts, and answers); sales goal management (territories and channels; quotas and objectives; and pipeline analysis and forecasting); and sales process management (recruiting, evaluating, and training; data repository and data processes; and workflow processes). Based in Chester, Pennsylvania, with extensive operations in Europe and Asia, Synygy has achieved 19 continuous years of success. www.synygy.com
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