PITTSBURGH and BURLINGTON, Mass., Jan 27 /PRNewswire/ -- Landslide Technologies, Inc., (www.landslide.com), the leader in on-demand, next-generation CRM solutions, today announced that Rick Faulk has joined the company as President and CEO. Faulk will also serve on Landslide's board of directors. The company also announced it has secured $8 million in growth capital. The financing round was led by Adams Capital Management, and included participation by current investors and board members Draper Triangle Ventures and Osage Ventures, as well as several current individual investors.
Faulk joins Landslide with more than 30 years of executive management experience across a variety of markets, technologies, and business models. He comes to Landslide from Mzinga where he was CEO and President since the company's launch in 2007. Prior to Mzinga, he was WebEx Communications' chief marketing officer and president of WebEx Small Business, and was a member of the executive team that sold WebEx to Cisco. As CEO of Intranets.com, Faulk effected one of the first "free-to-fee" business model transformations in the software-as-a-service space. Intranets.com hosted business collaboration services for more than 300,000 paying subscribers, and was named to the Inc. 500 list of fastest growing companies two years in a row. Rick's experience also includes tenures as CMO at Picturetel, CEO of First Software, and VP Worldwide Marketing at Lotus Development Corporation.
"Today's sales organizations need every edge to compete successfully," Faulk said. "It's no longer good enough to settle for Salesforce.com*, which merely provides a collection point for sales and contact data. Landslide's visionary approach to sales process enables our customers to close more business, at higher deal values, and in less time. In contrast to Salesforce.com -- a first-generation system-of-record -- Landslide's next generation CRM solution helps sales teams perform at a higher level."
"This is an exciting new era for Landslide and I am delighted to be in the position to announce this new investment boost to the company. Rick is the perfect leader for Landslide and we are confident he will use his strong management experience to take the company to a new, outstanding phase of growth and market leadership," said Michael Green, chairman of the board of Landslide.
Under Rick's leadership, Landslide will use the new investment to continue to drive the business forward and deliver innovative solutions that make Landslide the provider of choice for accelerating and improving the sales process.
"Rick is an exceptional leader and strategist whose combination of executive management experience and in-depth understanding of the on-demand business model will help Landslide grow to the next stage," said Razi Imam, Landslide's founder and former CEO. "I am particularly happy to have Rick lead the team since he shares our commitment to the sales profession and the team's vision of helping companies big and small build world class sales organizations."
About Landslide Technologies
Landslide Technologies is the provider of Landslide CRM, the next generation in customer relationship management solutions. Landslide incorporates a process-driven approach that allows sales professionals not simply to track sales, but actually close business faster and more effectively. Landslide CRM is the first system to combine sales process consistency with sales performance technology and live, personal assistant services to transform individual performers into a world-class team of consistent producers. Endorsed by leading sales experts such as Michael Bosworth, John Holland, Jill Konrath, and Keith Rosen, among others, Landslide Technologies is privately held with offices in Pittsburgh, PA and Burlington, MA. Additional information can be found at www.landslide.com.
*Salesforce.com is a registered trademark of Salesforce.com.
SOURCE Landslide Technologies, Inc.