ServiceSource Expands Presence in Nashville

NASHVILLE, Tenn.--(BUSINESS WIRE)--

ServiceSource® SREV, the global leader in recurring revenue management, today unveiled a new sign atop its Nashville office building as it continues to expand its presence in the Nashville community.

In the two years since the company expanded its office atop the ServiceSource Tower at 201 4^th Avenue North, ServiceSource has established itself as a fixture on the Nashville skyline and in the community. Now, with over 800 employees working in Nashville, it is one of the largest technology employers in the city and is continuing to add new jobs and expand its presence.

“Nashville is establishing itself as one of the premier tech hubs in the United States and we are truly proud to be one of Nashville's leading employers,” said Grant Clarke, Vice President of Selling Services at ServiceSource. “The vibrant, growing tech community that resides here was quick to embrace us and our mission to usher in the recurring revenue revolution. We look forward to being a part of the community for years to come.”

ServiceSource first opened an office in Nashville in 2008 with 20 employees and began greatly expanding its presence in 2012 as part of Governor Bill Haslam's jobs drive. Thanks to a rapidly growing business and a large pool of potential employees with the education and skills that ServiceSource requires, local headcount has grown from 500 employees to nearly 800 over the past two years.

As ServiceSource grows its employment opportunities in Nashville, so too has its involvement with the local community. ServiceSource has partnered with several nonprofit organizations, including Junior Achievement of Middle Tennessee, The Leukemia & Lymphoma Society's Tennessee Chapter, and Wounded Warrior Project supporting hiring of wounded veterans within the local business community. ServiceSource is also an investor with Partnership 2020, an initiative from the public and private sectors committed to economic and workforce development in the Nashville area.

About ServiceSource

ServiceSource International, Inc. SREV is the global leader in cloud-based recurring revenue management solutions. The company helps customers drive growth and build long-standing relationships across the customer lifecycle with the industry's most comprehensive data management, analytics, automation and services capabilities. Through Renew OnDemand™, Scout® and proven services, ServiceSource delivers higher subscription, maintenance, and support revenue, improved customer retention, and increased business predictability. Headquartered in the Cloud Corridor of San Francisco, ServiceSource® manages $14.5 billion in recurring revenue for the world's largest and most respected technology and B2B companies. For more information, please go to www.servicesource.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements regarding the benefits of ServiceSource offerings, our managed services and our Renew OnDemand cloud platform and application. These forward-looking statements are based on our current assumptions and beliefs, and involve risks and uncertainties that could cause our results to differ materially from those expressed or implied in our forward-looking statements. Those risks and uncertainties include, without limitation, fluctuations in our quarterly results of operations; the risk of material defects or errors in our software offerings or their failure to meet customer expectations; migrating customers to Renew OnDemand and the ability to integrate Renew OnDemand with other third-party applications used by our customers; errors in estimates as to the renewal rate improvements and/or service revenue we can generate for our customers; our ability to grow the market for service revenue management; our ability to protect our intellectual property rights; the risk of claims that our offerings infringe the intellectual property rights of others; changes in market conditions that impact our ability to sell the Renew OnDemand solution and/or generate service revenue on our customers' behalf; the possibility that our estimates of service revenue opportunity under management and other metrics may prove inaccurate; demand for our offering that falls short of expectations; our ability to keep customer data and other confidential information secure; our ability to adapt our solution to changes in the market or new competition; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our periodic reports and registration statements filed with the Securities and Exchange Commission, which can be obtained online at the Commission's website at http://www.sec.gov. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements.

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Trademarks

ServiceSource, Renew OnDemand and any ServiceSource product or service names or logos above are trademarks of ServiceSource International, Inc. All other trademarks used herein belong to their respective owners.