Today we announced that we have closed $6.5 million in second round financing, led by current investors Emergence Capital Partners and Rembrandt Venture Partners. This is an exciting time for us here at InsideView and a great vote of confidence by the investment community in our company and the momentum behind Sales 2.0 technology.  With this Series B in investment we will continue to expand our sales and marketing operations and to further develop our platform as a leader in the Sales Intelligence category.

One of our board members, and also a partner at Emergence, Brian Jacobs had this to say of their decision to close the funding round: “InsideView’s management team has shown a remarkable ability to grow its business despite a series of economic shocks.  What’s made InsideView so attractive from our perspective is both the strong user adoption of SalesView and its highly differentiated Sales 2.0 technology.”

In addition to the funding, InsideView achieved several major milestones in the past year, including the launch of our flagship product SalesView, as well as native integrations with five leading CRM providers. Some of the additional highlights from 2008 include:

— 410% Year-to-Year sales growth, including 60% growth in Q4 over Q3

— 320% Year-to-Year revenue growth

— 340% Year-to-Year growth in paid users

— 185% Year-to-Year growth in number of paying customers

— Renewal rate above 93%, with expansion within the customer base outpacing cancellations by more than 2 to 1

— Expanded enterprise relationships with the addition of Ariba, SuccessFactors, Omniture and Borland

— Key CRM partnerships with Microsoft, Landslide, and Oracle, along with Salesforce.com and SugarCRM

You can read the full announcement that we released today by clicking here

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