InsideSales.com fills thespace betweenmarketing automation solutions like Eloqua or Marketo or ExactTarget as well as the customer partnership management (CRM) systems from Salesforce.com and Oracle.

The purpose is to lessen wasted calls and irritated prospects.Parts of the solution run natively on the CRM platform of choice - Salesforce.com's Force.com one example is, however the treasure trove of data gleaned from customer-sales interactions stays on InsideSales.com's personal infrastructure, he stated.

Polaris Partners led this round which integrated contributions from Kleiner Perkins Caufield & Byers, Acadia Woods, best patek philippe replica watches EPIC Ventures, Salesforce.com and Zetta Venture Partners. Current backer Hummer Winblad and U.S. Venture Partners also took part as did some person investors replica patek philippe watches paypal .

Spending priorities

So, what will the enterprise do with all this money? Hire staff - technical and sales people.The firm employs about 375 people today now, up from about 150 last year, and Elkington said it's bringing aboard20 to 40 folks per week going forward as the organization builds out its product and expands its reach outside the U.S.

Elkingtonestimates total addressable market for "sales acceleration products" to be $30 billion a year; but he mentioned much of thatis unrealized yet since less thanhalf of all sales reps use tools like this now.

He also sees this arena entering the phase that the marketing and advertising automation companieshit4 or 5years ago when a ton of vendors converged into four major players - Eloqua, ExactTarget, Marketo and Omniture. What's happened since? Adobe Systemsin 2014for $1.8 billion replica u boat cart ; in late 2014 for $871 million; Marketo went public in April 2014; anda few months laterfor $2.5 billion.

If and when that history repeats itself in this market, he mentioned expects to be a buyer, not a seller.

Related research and analysis from Gigaom Research:
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Furtherproof that the marketing technology gold rush continues - now has $100 million in fresh Series C funding, bringing total VC investment within the 10-year-old enterprise to about $140 million.

Based in Silicon Slopes, Utah, InsideSales.com's Software-as-a-Service crowdsources customer-sales interaction data -from buyers such as ADP, Microsoft, Level 3 and Fidelity - also as broader information and facts sources to guide sales individuals. The technique usesdemographic and broad financial data as well as person preferences to guide the sales individual onwho to get in touch with next, whatproducts to pitch, and what mode of communication to utilize, CEO DavidElkington stated in an interview. Towards that finish, InsideSales.com is often a major user of Hadoop, Hbase andMongoDB.

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