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Sales Enablement Leader Altus Continues High-Growth Trajectory With Record Fiscal Q1 2011Sales Double From Revenue Recorded in the Year-Ago Quarter, Bolstered by Growth in On-Demand Conference Business (December 14, 2010)
CAMPBELL, CA -- (Marketwire) -- 12/14/10 -- Altus, a leader in enterprise on-demand rich media solutions for sales enablement, events and knowledge sharing, today announced that revenues for fiscal Q1 2011 doubled from revenue recorded in the year-ago quarter. The company attributed first-quarter 2011 revenue growth to continued strength in its on-demand conference and sales enablement businesses.
A summary of key achievements in fiscal Q1 2011 include:
- Achieved Fiscal Q1 2011 revenue that doubled revenue from the year-ago quarter
- Added three Global 200 companies as new customers
- Doubled conference business, which includes sales kickoffs and customer conferences
- Hired video veteran Krishna Menon, formally of Microsoft and Pinnacle Systems, as vice president of engineering
- Increased employee headcount 45%, including doubling of sales team
- Delivered vSearch Mobile, searchable on-demand media access for iPhone, iPad, BlackBerry and Android devices
"Growth in enterprise video, rapid adoption of smartphones and tablets, and a surge of interest in preserving and repurposing conference content have combined to make 2010 a pivotal year for Altus," said Ted Cocheu, CEO of Altus. "We have more than doubled our sales force to seize new-business opportunities, capitalizing on a first-mover advantage that has kept Altus top-of-mind within organizations seeking better ways to keep information current and relevant to their employees, customers and partners."
Altus is a leading provider of video search and management systems for sales enablement. Altus enables users to capture, share and search video content down to the spoken word. Organizations deploying Altus for sales enablement, training, collaboration, or knowledge sharing can deliver critical knowledge to large, geographically-dispersed audiences, including employees, partners and customers. Accessible on demand through a rich media portal, searchable content can be instantly accessed and easily reused. Altus SaaS-based (Software as a Service) solutions provide sales organizations the means to use searchable video content to improve their sales effectiveness. Global giants such as Cisco, GM, IBM, NetApp, and Oracle 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
Altus Learning Systems is a registered trademark and vSearch is a registered trademark of Altus Learning Systems, Inc. All other trademarked terms used in this document are the properties of their respective owners.
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