Released 2/18/2010
REVIEWSNAP ANNOUNCES RECORD GROWTH IN 2009, TRIPLING ITS CLIENT BASE
Leader in Web-Based Employee Performance Reviews Infuses SMB Market with Access to Strategic, Goal-Oriented and Paperless Review Process
ReviewSNAP™, a leading supplier of Web-based performance management, announced today that 2009 was a groundbreaking year for the company with key business initiatives and milestones that were successfully accomplished, including tripling its client base and increasing its revenue by approximately 300 percent in just one year. The ReviewSNAP application is the industry’s first online performance review system that allows small- to medium-size businesses and nonprofits access to automate and streamline their employee review system at a price point that is affordable to their budgets.
Other notable achievements that defined 2009 as a successful year for ReviewSNAP include the following accomplishments:
- Entered into seven new strategic partnerships
- Added a 360 degree feedback module bundled in with its performance review module
- Began development of a compensation tracking and management module that is expected to be in place in early 2010
- Increased its revenue by nearly 300 percent
- Expanded its penetration into the nonprofit sector, large business segment and the international market
“By providing our online performance management system at a price point that allows nonprofits and small- to medium-sized business owners to benefit from a paperless solution, ReviewSNAP has risen to become the recognized leader in on demand employee reviews,” said Dave Arringdale, President of ReviewSNAP. “Building on our successful 2009, we will be launching our compensation module as part of our bundled package and aggressively building more strategic partnerships all while continuing our top-of-line customer service.”
Arringdale went on to say that the company is expecting another record breaking year in 2010. "We place a tremendous amount of emphasis on quality both in terms of our products and the level of service used to support the products. Our clients quickly recognize this and are referring a lot of new clients to us. The growth is occurring across organizations of all sizes and in all industries and in the nonprofit sector. We are looking forward to continuing our strong growth pattern and further positioning of our company as a premier provider of Web-based performance management systems."
