Sales Forecasting and Revenue Performance Management Company Right90 Raises $10 Million

Sales Forecasting and Revenue Performance Management Company Right90 Raises
$10 Million
300% Customer Growth and Partner Recognition Fuel Company Success

FOSTER CITY, Calif., Sept. 23 /PRNewswire/ -- Right90(R), the leading
provider of on-demand revenue performance management, today announced it has
raised $10 million in Series C financing, bringing the company's total funding
to $27 million. Horizon Ventures led the round, and all of Right90's existing
investors - InterWest Partners, Shasta Ventures and U.S. Venture
Partners - participated as well.
"Having spent many years managing corporate finance and operations
functions, I know firsthand the pain points that Right90 is solving," said
John Hall, managing director of Horizon Ventures, who also joins Right90's
Board of Directors with this announcement. "The company has proven itself with
an innovative product, noteworthy customers and an impressive team, and is
already recognized as a leader in sales forecasting. But we're most excited
about Right90's clear vision to expand into and capitalize on an even bigger
market opportunity with its Revenue Performance Management solution."
This validation by the venture community comes on the heels of strong
traction with customers and partners who recognize the value of Right90's
sales forecasting solution. Building on its proven competency in
manufacturing, Right90 will use the latest round of funding to accelerate the
company's ongoing expansion into new markets, such as software, media and
professional services.
"We're thrilled to welcome Horizon to the Right90 family of investors.
Their confidence in us speaks to the tremendous progress we've made to date,"
said Kim Orumchian, CEO and co-founder of Right90. "Beyond improving the
sales forecasting process, we help companies manage their top-line performance
by providing real-time visibility into the financial and fulfillment
consequences of an ever-changing forecast - especially in today's times of
dramatic change and uncertainty."
Addressing the needs of small and large organizations alike, Right90 has
tripled its customer base in past 12 months. Companies selecting Right90
within the past year include smartFOCUS DIGITAL, SRS Labs, and Thomson.
Already a well-established Salesforce.com AppExchange partner, Right90
recently announced its selection as a preferred partner of Oracle CRM On
Demand and membership in Oracle's "Elite 8" and Inner Circle groups of
best-in-class partners.
About Right90
Right90 is the recognized leader in on-demand sales forecasting and
revenue performance management. The Right90 solution makes it easy to capture
and consolidate sales forecasts, provides a single source where sales, finance
and operations teams can view and align with updated forecast information, and
gives executives detailed insights into revenue performance over time.
Companies in high-technology, media, communications, life sciences, energy and
consumer goods have successfully deployed Right90 to increase visibility,
commitment and accountability to revenue performance. For more information,
visit http://www.right90.com or call 1-877-RIGHT90.
Media Contact:
Catharine Morgan
Greenough Communications
650-646-3268 x14
cmorgan@greenoughcom.com

Copyright (C) 2008 Right90 Inc. All rights reserved. Right90 is a
registered trademark of Right90 Inc. Other names used herein may be
trademarks of their respective owners.
SOURCE Right90

Catharine Morgan, +1-650-646-3268 x14, cmorgan@greenoughcom.com, of Greenough
Communications for Right90