Last $3.46 USD
Change Today -0.15 / -4.16%
Volume 1.1M
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

servicesource international (SREV) Snapshot

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10/21/13 - $12.99
52 Week Low
08/1/14 - $3.16
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servicesource international (SREV) Details

ServiceSource International, Inc. provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company operates through three segments: North America and Latin America; Europe, Middle East, and Africa; and Asia Pacific-Japan. It offers end-to-end management and optimization of the service-contract renewals process, including data management, quoting, selling, and recurring-revenue business intelligence. The company provides Renew OnDemand Platform, a Software-as-a-Service (SaaS) based renewal management system based on data warehouse of transactional, analytical, and industry data. Its Renew OnDemand suite of applications comprising Renew Analytics, which offers analysis and reporting; Renew Sales application module that comprises quoting, forecasting, and workflow tools, as well as an analytics dashboard; Renew Ops, which allow customers to separate selling and administrative activities; Renew Channel that offers channel partners and resellers with online access to their specific renewal opportunities and their performance; and Renew Installed Base application, which provides a repository for installed-base data and business intelligence for resellers, distributors, and sales representatives. The company also offers managed services comprising data, enablement, and selling services through service teams. It sells its solutions directly through sales representatives worldwide. The company was founded in 2002 and is headquartered in San Francisco, California with additional offices in Colorado and Tennessee, as well as in the United Kingdom, Ireland, Malaysia, Singapore, and Japan.

2,914 Employees
Last Reported Date: 03/7/14
Founded in 2002

servicesource international (SREV) Top Compensated Officers

Acting Chief Executive Officer
Total Annual Compensation: $289.6K
Director and President of Cloud & Data Servic...
Total Annual Compensation: $266.7K
Head of Worldwide Sales & Customer Success
Total Annual Compensation: $300.0K
Chairman and Member of The Service Executive ...
Total Annual Compensation: $472.5K
Compensation as of Fiscal Year 2013.

servicesource international (SREV) Key Developments

Rick Genovese Resigns from ServiceSource as President of the Managed Services Business Unit

ServiceSource(R) announced that Rick Genovese has resigned as President of the Managed Services Business Unit to focus on an unexpected medical issue. Mr. Genovese was recently appointed to this role on August 18, 2014. ServiceSource will re-initiate an executive search to appoint his successor. In the interim, senior leaders in the Managed Services Business Unit will report to Ashley Fieglein Johnson, Acting CEO.

ServiceSource Announces Plans to Expand Nashville Sales Center

ServiceSource announced plans to expand its Nashville sales center and create 100 full-time permanent jobs to support its rapidly growing customer base. The Nashville sales center supports many major Silicon Valley-based customers, providing a unique high-tech linkage with the San Francisco Bay Area. ServiceSource first opened an office in Nashville in 2008 with 20 employees and rapidly expanded its presence in 2012. With the infusion of 100 new employees, ServiceSource plans to hire sales representatives and other support staff that manage service contract and subscription renewals for over 40 hardware, software, SaaS, and healthcare technology companies.

ServiceSource International, Inc. Announces Management Changes

ServiceSource announced that Mike Smerklo has resigned after 11 successful years. Mr. Smerklo will remain Chairman of the Board to ensure a smooth management transition and help guide the company's long-term strategy. In addition, the Board of Directors announced the appointment of Chief Financial Officer, Ashley Fieglein Johnson, as Acting CEO, effective immediately, and has retained a leading executive search firm to identify a permanent CEO. Finally, ServiceSource is announcing the appointment of Rick Genovese as President of the new Managed Services Business Unit. In this role, Mr. Genovese will own the strategy and execution for the company's Managed Services Business Unit for recurring revenue management. Ms. Johnson will work closely with the Board to execute on the new ServiceSource strategy. Rick Genovese most recently served as the Chief Operating Officer and Executive Vice President of Ciber, Inc.


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