UPDATE: GE Healthcare Expands Partnership With ServiceSource to Japan

Tue Feb 19, 2013 3:42pm EST

* Reuters is not responsible for the content in this press release.

  SAN FRANCISCO, CA, Feb 19 (Marketwire) -- 
ServiceSource(R) (NASDAQ: SREV), the global leader in recurring revenue
management, today announced that it has expanded its partnership with GE
Healthcare (NYSE: GE) to include Japan. With the new initiative, the
companies now work together in eleven countries in the Asia-Pacific to
optimize the renewal of GE Healthcare business with existing customers
and increase recurring revenues.

    ServiceSource will assemble a specialized sales team to help GE
Healthcare achieve high-performance in renewals and warranties for their
ultrasound equipment installations across Japan. GE Healthcare Japan,
based in Tokyo, delivers a full scope of healthcare equipment and support
across the country. Its ultrasound applications create new clinical value
that is brought to life through breakthrough LOGIQ(R), Vivid(R) and
Voluson(R) product families.

    "Japan is a highly competitive healthcare market, and the unique insights
and disciplined approach to data management from ServiceSource will help
us build stronger customer relationships and bottom line results," said
Katsuya Okano, Head of Services, GE Healthcare Japan. "We're confident
their strategic approach to recurring service revenues and highly skilled
sales professionals will accelerate our ultrasound renewals performance
in Japan."

    With the healthcare industry experiencing significant growth in Asia, GE
Healthcare selected ServiceSource early in 2011 to help it derive maximum
services revenue from this important region. ServiceSource rapidly
implemented a specialized sales team to complement GE's own professional
sales force. The initial engagement supports a broad range of medical
technologies, including monitoring devices, life support systems,
ultrasound, X-ray and sophisticated CT equipment.

    "We've had great success with GE Healthcare in the Asia-Pacific region
and we'll bring the same commitment to our work together in Japan," said
Mike Smerklo, chief executive officer of ServiceSource. "With the intense
competitive pressures in the healthcare field, it's fitting that a leader
like GE Healthcare Japan is partnering with ServiceSource to take a
strategic and aggressive approach to strengthen their customer base and
recurring revenue stream."

    About GE Healthcare

    GE Healthcare provides transformational medical technologies and services
that are shaping a new age of patient care. Our broad expertise in
medical imaging and information technologies, medical diagnostics,
patient monitoring systems, drug discovery, biopharmaceutical
manufacturing technologies, performance improvement and performance
solutions services help our customers to deliver better care to more
people around the world at a lower cost. In addition, we partner with
healthcare leaders, striving to leverage the global policy change
necessary to implement a successful shift to sustainable healthcare

    Our "healthymagination" vision for the future invites the world to join
us on our journey as we continuously develop innovations focused on
reducing costs, increasing access and improving quality around the world.
Headquartered in the United Kingdom, GE Healthcare is a unit of General
Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are
committed to serving healthcare professionals and their patients in more
than 100 countries. For more information about GE Healthcare, visit our
website at www.gehealthcare.com.

    About ServiceSource

    ServiceSource is the global leader in recurring revenue management. The
world's most successful companies rely on us to maximize subscription,
maintenance and support revenue, improve customer retention and increase
business predictability and insight. ServiceSource delivers results with
Renew OnDemand, the world's only cloud application built specifically to
manage and grow recurring revenue, which can be combined with our
industry-leading services.

    With over a decade of experience focused exclusively in growing recurring
revenue, our services and applications are based on proven best practices
and global benchmarks. The company is headquartered in San Francisco, and
has over $8 billion under management for customers in more than 150
countries and 40 languages.

    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.

    For more information on ServiceSource, visit
http://www.servicesource.com. To connect with ServiceSource, visit us on
Twitter, Facebook, LinkedIn and YouTube.

    Forward-Looking Statements
 This press release contains forward-looking
statements, including statements regarding our Renew OnDemand Cloud
platform and application, its capabilities, its overall benefits to
customers, market demand for the offering, and its ease of integration
with other third-party applications that our customers use. These
forward-looking statements are based on the Company's 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, the risk of material defects or errors in the
Company's software offerings; the ability to integrate Renew OnDemand
with other third-party applications used by our customers; 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; errors
in estimates as to the renewal rate improvements and/or service revenue
we can generate for our customers; demand for our offering that falls
short of expectations; 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.


Media Contact for ServiceSource:
Paula Reinman

Copyright 2013, Marketwire, All rights reserved.

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