Deem Sees Strong Q2 2015 Growth

Cloud Commerce Network Grows its Customers, Products, Market Share

Jul 24, 2015, 11:19 ET from Deem, Inc.

SAN FRANCISCO, July 24, 2015 /PRNewswire/ -- Deem, the leading Commerce-as-a-Service (CaaS) company, today announced strong growth in the second quarter of 2015, adding more than 5,000 new customers as well as numerous product and feature updates throughout the quarter. Deem now provides spend and expense management software to more than 34,000 businesses. New customers and partners added in Q2 include BCD Travel, Vivant Solar, Flotek and J.B. Poindexter Co.

"The consistent, across-the-board growth we've seen over the past few quarters since our recapitalization is validation of our vision and a testament to the incredible hard work of our employees," said Patrick Grady, Founder and CEO of Deem. "We're strengthening our channel alliances, signing on new partners and customers every day and are focused on delivering truly transformative technologies to the marketplace."

Deem's growth and customer acquisition is driven by constant innovation across its entire suite of spend and expense management technologies. Most recently, Deem announced significant new capabilities for its Expense solution including the ability to create and submit expense reports from a mobile device and Automated Receipt Processing, an enhanced form of optical character recognition that adds human verification for improved accuracy. Deem also announced that new features for corporate credit cards would be added to Deem Expense later in 2015.

Deem also unveiled its Shopping application at the Institute for Supply Management's annual conference in May. Deem Shopping will deliver a consumer-like shopping and buying experience coupled with the enterprise-grade controls and compliance that will ensure employees can easily purchase the products and services they need in the context of corporate policy and project budgets.

To learn more about the savings power of the Deem platform and suite of applications please visit the Deem YouTube channel to experience A Day in the Life with Deem.

About Deem
Deem is a leading Commerce-as-a-Service (CaaS) company that connects a large and diverse ecosystem of customers, merchants and partners across a one-of-a-kind business commerce network, enabling them to lower costs, increase revenue and deepen customer loyalty. Deem serves companies from SMBs to the largest Fortune 500 multinationals and counts more than 34,000 business customers, 100,000 merchants and dozens of market-leading distribution partners all with access to more than 11 million products and services across Deem's network. For more Information visit www.deem.com.

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SOURCE Deem, Inc.



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