Support.com Named 2014 Company of the Year by Frost & Sullivan
Powerful, proven and timely Nexus® SIO solution illustrates Support.com’s excellence in growth, innovation and leadership
Redwood City, CA – January 27, 2015 – Support.com, Inc. (NASDAQ: SPRT), a leading provider of cloud-based software and services for technology support, announced today that it was awarded research firm Frost & Sullivan’s 2014 Company of the Year for Support Interaction Optimization (SIO). This “Best Practices” award solidifies Support.com’s leadership position in addressing increasingly complex business needs with its Nexus offering, an SIO tool that provides its users the competitive advantage of exceptional customer support.
“Support Interaction Optimization is a fast-growing contact center market category and one where we are experiencing significant demand from all types of companies that have complex problems to solve,” said Elizabeth Cholawsky, president and CEO of Support.com. “We are deeply gratified to be recognized as Frost & Sullivan’s Company of the Year in this important market.”
Support Interaction Optimization: A $1.3 billion global market category to support the Internet of Things and mobile devices
SIO combines customer guided problem resolution, remote support, sophisticated analytics and performance management to deliver highly streamlined and effective technical support. Frost & Sullivan values the SIO market at $1.3 billion globally in 2014, growing at a CAGR of 12.1%, doubling to $2.6 billion by 2020. Guided resolution, the flagship capability of Support.com’s Nexus, is the fastest growing SIO sub-market, at a CAGR of 20.2%. Nexus topped 20 other vendors in the space when measured against Frost & Sullivan’s stringent criteria.
“To win the Company of the Year award requires an organization to demonstrate excellence in growth, innovation and leadership,” said Frost & Sullivan’s Brendan Read, industry analyst. “We applaud Support.com for leading in the SIO industry. Support.com’s Nexus outshone its competitors by offering superior performance in all three key areas.”
Frost & Sullivan’s Research and Methodology
Each year Frost & Sullivan Best Practices Awards recognize companies in a variety of markets for demonstrating outstanding achievement in areas such as leadership, technological innovation and customer service. Industry specialists compare participants through in-depth interviews, analysis and extensive secondary research to identify best practices leaders in the industry.
Support.com, Inc. (NASDAQ: SPRT) is a leading provider of cloud-based software and services for technology support, including the Nexus® Support Interaction Optimization (SIO) solution that enables companies to boost agent productivity, dramatically improve the customer experience and more quickly resolve complex technology support issues. Nexus and our support programs help leading brands in cable, retail, software and other connected technology industries create new revenue streams and deepen customer relationships. For more information, please visit us at www.support.com.
Copyright © 2015 Support.com, Inc. All rights reserved. Support.com and Nexus are trademarks or registered trademarks of Support.com, Inc. in the U.S. and other countries. All other trademarks and trade names are the property of their respective owners.
Safe Harbor Statement
This release contains “forward-looking statements” as defined under the U.S. federal securities laws, including the Private Securities Litigation Reform Act of 1995, and is subject to the safe harbors created by such laws. Forward-looking statements include, for example, all statements relating to expected financial performance; the plans and objectives of management for future operations, customer relationships, products, services or investments; personnel matters; and future performance in economic and other terms. Such forward-looking statements are based on current expectations that involve a number of uncertainties and risks that may cause actual events or results to differ materially including, among others, our ability to successfully develop support products beyond those for personal computers and home networks, our ability retain and grow existing programs, our ability to expand our customer base, our ability to market and sell our Nexus service delivery platform on a SaaS basis, our ability to successfully develop new products and services, our ability to maintain and grow revenue from new programs, our ability to manage our workforce effectively, our ability to retain key personnel, and our ability to control expenses and achieve desired margins. These and other risks may be detailed from time to time in Support.com’s periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its latest Annual Report on Form 10-K and its latest Quarterly Report on Form 10-Q, copies of which may be obtained from www.sec.gov. Support.com assumes no obligation to update its forward-looking statements.
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Mary Ellen Ynes
GMK Communications for Support.com
Carolyn Bass and Jacob Moelter
Market Street Partners