Brainshark Achieves Key Business Milestones for First Half of 2008

SaaS Market Leadership and Rapid Customer Expansion Fuel Revenue Growth

Waltham, MA - August 21, 2008

  • Brainshark the leader in on-demand presentations, today announced the company achieved strong results through the first half of 2008, with revenue growth of 35% over the same period last year.
  • Now exceeding 750 customers, Brainshark added many leading organizations to its roster spanning key industries including healthcare, life sciences, technology, financial services and insurance.
  • Among the new customers signed this year were Ansell Occupational Health, Ashland Inc., Blackstone Medical, Blue Cross of Idaho, Calamos Investments, Grand Circle Travel, The Guardian Life Insurance Company of America, Omnicell, One Beacon, Scott Health & Safety, and Terex Corporation.
  • Brainshark also expanded relationships with dozens of existing customers such as Kaiser Permanente and Stryker Corporation.

SaaS Product & Service Highlights

  • In the first quarter, the company launched the Brainshark Content Network, an online marketplace of on-demand, user-generated content for business learning. Today over 225 presentations are available including both free and fee-based content on topics that range from Sarbanes Oxley Compliance to Creating a Green-er Company.
  • The latest release of the Brainshark Presentations™ application included a new option for delivering Brainshark on-demand presentations within a Content Portal. The Brainshark Content Portal allows organizations to share best practices, communications, training, and enterprise knowledge with their key audiences in a collaborative, hosted environment and to develop communities around valued content using social media tools.
  • As a leading SaaS provider, reliability, security, and scalability are paramount. Year-to-date the company reported 99.999% availability, or "Five 9s" of uptime. The company also established a warm business continuity/disaster recovery site with a full remote failover architecture over 1,000 miles from its current site, to provide added reliability and data recovery in the event of a regional disaster.

Customers Achieve Significant ROI

  • As rising fuel costs and a challenging economy caused many companies to look for ways to reduce travel, cut costs, and increase productivity, Brainshark proved to be an invaluable solution. Customers shared stories of benefits such as increasing revenues by 70% to 200%, decreasing training costs by 50%, improving customer satisfaction, and reducing the time and cost of global communications.
  • Customer adoption continued to escalate. Activity surpassed all previous records during the month of April 2008 as customers and their audiences viewed on-demand presentations more than 500,000 times and exceeded 7.9 million minutes of viewing time in that one month alone.

Partners Align With Brainshark

  • Brainshark established strategic reseller partnerships with Premiere Global Services, a leading communications technology provider; as well as overseas companies OdX in the United Kingdom and Business Solutions in Israel.
  • The company expanded its relationship with InterCall, a leading conferencing service provider, who helped to bring more than 20 new customers to Brainshark in the first half of 2008.
  • Marketing solution providers Corvent, Eloqua, SalesEdge, and Silverpop also became referral partners.
  • Based on the numerous successes that customers have realized with the Brainshark Connector to Salesforce.com, the company became an AppExchange "Select" partner with Salesforce.com.

Quotes

"As economic pressures continue, companies are increasingly looking beyond point solutions to identify efficiencies that can scale across their business. Brainshark is a scalable, enterprise-class platform that works across functional boundaries to help businesspeople deliver faster, convenient communications that drive revenues and reduce cost."
"We're thrilled to be serving more than 750 companies who are choosing Brainshark to accelerate communications with impressive results."

Attributed to Joe Gustafson, CEO and Founder, Brainshark, Inc.

About Brainshark

Brainshark is the leader in on-demand presentations, transforming static business content into high impact communications with the people who most influence your business. Delivered via Software-as-a-Service (SaaS) Brainshark lets audiences access and engage with business content when and how they want. More than 750 companies - including a third of the Fortune 100 - rely on Brainshark software and services to help sales, marketing, training and HR experts cost-effectively deliver measurable results to their organizations.