Altus Learning Systems Named to Inc 5000 List Of Fastest-Growing Private Companies
Released on: August 21, 2008, 8:33 am
Press Release Author: Michele Moninger
Industry: Software
Press Release Summary: -- Leads all other Video-On-Demand Software Vendors with 218 Percent Revenue Increase --
Growth Due to Helping Global Enterprises Save Millions in Travel Costs and Revenue Acceleration through Increased Sales Force Productivity
Press Release Body: New York, NY - August 20th, 2008 - Inc. magazine today ranked Altus Learning Systems (http://www.AltusCorp.com) the leader in video-on-demand software for knowledge sharing with 218 percent revenue growth on the 2008 Inc. 5000 list of fastest-growing private companies, ahead of all similar vendors on the list.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
Altus' growth is fueled by organizations like Cisco, IBM and NetApp that are looking beyond the usual sales conferences and training events to grow their direct sales teams, channels and revenues. Altus is saving customers millions in travel costs and increasing their sales productivity by delivering product and market information in digital formats that people in the field need, when they need them. Altus' video-on-demand software stores meeting and conference presentations and user-generated content so that they can be searched, viewed, collaborated on and downloaded, thereby fulfilling the just-in-time learning needs of today's busy sales forces. Altus' video-on-demand and social networking capabilities empower geographically-dispersed teams to better manage large, complex product lines across global channels and communicate more effectively with colleagues and customers.
"Altus is growing rapidly because we help companies improve both their top and bottom lines," explained Ted Cocheu, Altus CEO. "Our customers know that people can sell and support only those products they understand and that traditional training doesn't work. Sales people need the rapid, collaborative knowledge-sharing capabilities that Altus provides so they can get exactly the information they need when they need it to close the sale. All companies today need to significantly reduce costs - we recently helped a customer achieve a 10x return on their $60,000 investment in Altus technology to reduce the duration and attendance costs of a single sales event."
"One of the important takeaways from our research is that learning needs to be part of a corporate business strategy," said Josh Bersin, president of Bersin and Associates, a research and advisory firm focused on enterprise learning and talent management. "Organizations are shifting from traditional training to a more collaborative approach with an emphasis on knowledge sharing. The Altus solution allows companies to better integrate their learning needs into their overall business and content strategies for sales, marketing or operations."
Altus helps companies digitally capture corporate event and conference knowledge like TiVo, make it searchable like Google and deliver it like YouTube to employees, partners and customers. Altus records people sharing knowledge, transcribes their presentations verbatim, synchronizes the various components, and makes them all searchable and accessible down to the spoken word.
For more information about Altus and saving travel and training costs, visit http://www.altuscorp.com or contact Tim Hughan, Director of Marketing, at (408) 395-9154.
Methodology The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
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About Altus Learning Systems Altus is a leader in collaborative knowledge sharing throughout the extended enterprise. Altus' on-demand software-as-a-service (SaaS) enables organizations to instantly deliver critical knowledge to large, geographically-dispersed audiences, including employees, partners and customers. This dynamic and searchable rich-media platform from Altus is the only solution of its kind that makes expert knowledge searchable down to the spoken or written word. Users can find the exact information they need whenever they need it in whatever digital formats are most convenient. Global giants like Cisco, IBM, GM and NetApp rely on Altus to achieve outstanding ROI, substantial productivity gains and millions of dollars of savings in reduced travel and training costs. More information is available at http://www.altuscorp.com
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