Sunday, September 2, 2012

Right90 gets $10M in third round - Silicon Valley / San Jose Business Journal:

grachevakautawil.blogspot.com
The Foster City-based sales forecasting company has takebin $27 million to date. New investor led the and existing VCfunders , and contributed. Foundedr and CEO Kim Orumchian, said Right90 has tripler its customers in the past year and has pickedd up customers suchas Thomson, Seagate and SRS Labs. “We’re growing pretty rapidly and we’re gettintg the word out about what we Orumchian said. He said the companuy sells software asa service, which predictzs sales using a “bottoms-up” approach rather than going with top-down The “90” in the company’s name signifies the numbee of days in a fiscal and how it seeks to make it right everyy time.
Three-quarters of the company’s business comes from smalp to medium-sized firms making under $300 milliom in revenue. Right90 provides updatee forecast information based on individualsales metrics, so that as employees input details, managers can spot trends or debunmk assumptions. “When you really roll up the Orumchian said, “sometimes the data contradict s theprevailing opinion, which helpsd you better track your business.” The companyh has 43 employees and was founded in 2003.

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