SAN DIEGO, Aug. 7, 2018 /PRNewswire/ -- Seismic, the global leader in sales and marketing enablement, announced that the second quarter of 2018 saw 106 percent year over year organic revenue growth, along with 98 percent gross customer retention and 124 percent net customer retention. Continued rapid growth is being spurred by increased customer reliance on the Seismic platform to help accelerate sales cycles: More than 11 million sales interactions were positively impacted by Seismic in the first half of 2018, up 115 percent from the six months prior.
Triple-digit organic growth came in the same quarter in which Seismic acquired its largest competitor SAVO Group, further extending the company's leadership position in the sales enablement market. The combined company now has more than 500 enterprise customers across the globe, including Hitachi Vantara, NCR, Capital One, Illumina, T. Rowe Price, Stryker, Equinix, and Canon Europe.
The acquisition also grew Seismic's headcount to 450, more than 280 of which are in its product and customer success teams. To accommodate growth in headcount, in May Seismic expanded its presence in Boston where it signed a new lease for 27,000 square feet of office space in the city's Seaport district. Seismic also expanded in London to support international growth, opening up additional office space and with headcount expected to reach 30 by the end of the year.
"The past six months have been a pivotal time for our company and the sales enablement industry at large, but all of it only occurs with our customers deriving increased value out of their partnership with Seismic," said Doug Winter, Seismic CEO and co-founder. "With their help, together we have created the smartest, most powerful enablement solution on the market, providing sales and marketing teams with the intelligence and data they need to be the best at their jobs every single day."
Seismic was recognized by industry analysts in the first half of 2018. Such recognition includes:
- Seismic was named a Cool Vendor in Tech Go-To-Market by Gartner, a report which stated "This year's Cool Vendors help technology and service providers increase win rates and deal velocity by providing insight into buyer behavior and how to best engage with prospects and customers."
- Seismic was named a Leader in customer review site G2 Crowd's Grid for Sales Enablement, Spring 2018.
- Seismic won Gold in the Stevie Awards for Sales & Customer Service for Best Sales Enablement Platform.
- CEO Doug Winter was named a Most Admired CEO in San Diego by the San Diego Business Journal.
- Customers across industries won awards for their use and implementation of Seismic, including a SiriusDecisions ROI Award, Celent Model Asset Management Award, and Gramercy Financial Marketing Strategy Award.
"While we are always honored by the recognition our product receives, we are even more excited to see our customers now being recognized for their efforts and innovation as well," said Winter. "It is they who are leading their respective industries when it comes to revolutionizing the way sales and marketing interact to impact the bottom line together, and it is they who will continue to serve as inspiration for other sales enablement teams through the rest of 2018 and beyond."
To read about more successes customers are seeing with Seismic, visit https://seismic.com/solution/customer-stories/.
Gartner, Cool Vendors in Tech Go-to-Market, Todd Berkowitz, Hank Barnes, Mark Paine, Tad Travis, Ilona Hansen, 30 April 2018.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
Seismic is the leading global sales and marketing enablement solution, improving close rates and delivering larger deals for sales while increasing marketing's impact on the bottom line. Large enterprises use Seismic to increase sales productivity through the automatic distribution of relevant information and personalized content to reps for any buyer interaction. Powerful content controls and visibility into usage ensures brand integrity and reduces risk. Seismic's machine learning and analytics capabilities continuously improves the entire enablement process for large enterprises, increasing the ROI of sales content and tying it directly to revenue. Headquartered in San Diego and with more than 450 employees across the globe, Seismic is privately held by its executive team and investment firms General Atlantic, JMI Equity, and Jackson Square Ventures.
To see how Seismic is being used by firms in your industry, visit http://www.seismic.com.
PR Manager, Seismic