 |
 |
 |
||||||||||||||
|
 |
 |
 |
|
 |
|
 |
|
 |
|
 |
|
||||
| < 2004 News Listings | ||||||||||||||||
|
ON24 Announces Record 1st Half - 76% Revenue Growth over last year Company on Run-Rate to Deliver 7,000 Webcast Events in 2004 
SAN FRANCISCO, CA August 11, 2004 ON24, Inc., the leading webcast and multimedia communication solutions provider for the enterprise, announced today that it has posted record results for the half year ended June 30, 2004. The Company reported nearly 76% revenue growth from the first half in 2003, in its core business. In addition, Q2 2004 was ON24’s 14th consecutive quarter of revenue growth. The several initiatives that contributed to ON24’s Q2 2004 success include: Customer growth: 95 enterprise customer contracts in Q2 2004, the highest in the company’s history. ON24 customers are a “Who’s Who” in the categories the company competes in, including Cardinal Health, Cisco Systems, Credit Suisse First Boston, Hewlett Packard, Merrill Lynch, NCAA, Philips, and Sun Microsystems. Number of webcast events: ON24 is on track to deliver 7,000 webcast events this year, which is more than double the number of webcasts delivered in 2003. Product / Applications: ON24 added several new end-to-end solution offerings to its product offering mix. 1. “Sales Leads” Webcast offering for technology publishers, which allows publishers to deliver targeted sales prospects to their customers. Special modules included in this are global user registrations; location tracking that determines marketing program effectiveness; custom reporting; and multi-presenter capabilities. 2. ON24 expanded its leadership in the Continuing Medical Education (CME) category, to other areas like Continuing Professional Education (CPE). ON24’s Continuing Education (CE) offering includes custom registration, certification, and testing modules. 3. To enable its OEM customers, ON24 also now provides XML API’s that integrate with the customers IT systems. “Our impressive numbers - 76% growth in 1st half revenue; doubling of webcast events compared to last year; and OEM sales contributing approximately 45% share of our revenue – highlight ON24’s leadership in the enterprise webcast market”, said Sharat Sharan, President and CEO of ON24 Inc. “Our ASP webcast infrastructure and solutions have become a must-have for customers who are looking to partner, and build their webcast business with a strategic vendor in this growth market.” ON24 Inc. is financially backed by leading industry investors including Canaan Partners, US Venture Partners, and Rho Ventures. Companies interested in learning more about ON24 solutions can call 415.369.8000 or send inquiries to solutions@on24.com. About ON24 ON24 is the leading provider of webcast and multimedia (streaming) communication solutions for the enterprise. The company provides one-stop solutions for internal and external multimedia communications for the enterprise, financial services, healthcare, and government markets. ON24 customers include more than 400 leading companies: Cardinal Health, Cisco Systems, Credit Suisse First Boston, Hewlett Packard, Merrill Lynch, NCAA, Philips, and Sun Microsystems. Based in San Francisco, the privately held company was founded in 1998. Contact: Chuck Ellison ON24, Inc. 415.369.8000 pr@on24.com |
|
|
Copyright ©2007 Rho Capital Partners, Inc.