Company Description
FirePond is a leading provider of integrated e-business sales and marketing solutions that enable companies to optimize their customer relationships and maximize the effectiveness of their Internet-based and traditional sales channels. We provide software and services that allow companies to merge their e-commerce selling, customer relationship management, and channel management strategies on a single, Internet-based platform. Our FirePond Application Suite allows companies to deliver highly consistent and personalized interactive buying experiences to their customers over the Internet, as well as in more traditional selling channels, to increase customer conversion and retention. Our products are able to link information obtained from business-to-business or business-to-consumer e-commerce transactions into traditional sales channels, where it can dramatically improve the effectiveness of both sales models. Our products can also deliver information from these interactive, Internet-based transactions into the larger enterprise, where real-time customer interactions and transactions trigger coordinated, customer-focused processes based upon the company's common view of the customer. This customer-centric approach allows companies to manage their ongoing sales, marketing, product planning and fulfillment activities in a fashion that maximizes the lifetime value of each customer relationship. We target the largest 2000 companies in the world, commonly known as Global 2000 companies, in selected vertical industries that are typically characterized by complex products, services or channel relationships, including health care/insurance, financial services, high technology, telecommunications, automotive/trucking and manufacturing. Our customers include ADP, Empire Blue Cross Blue Shield, KLA-Tencor, Renault V.I. and Sprint. We sell our products primarily through a direct sales force which is distributed throughout North America, Europe and Asia. Our goal is to be the leading provider of integrated e-business sales and marketing solutions. To achieve this goal, key elements of our strategy are to: - leverage our vertical market focus to translate customer requirements into deeper e-business application functionality and expand into new vertical markets; - exploit our established international infrastructure to target leading businesses worldwide; - utilize our unique development organization to rapidly expand our products' e-business application functionality; - expand our relationships with system integrators and complementary software vendors to expand our market reach and implementation capacity; - provide a range of product packaging options in order to better penetrate Global 2000 accounts; and - leverage our 16 years of implementation expertise to deliver optimized solutions for our customers. We were incorporated in Minnesota in 1983 as a provider of custom developed interactive selling solutions. We undertook a strategic restructuring in late 1996 to focus on providing more standardized software products. We later became a Delaware corporation as a result of a reincorporation merger effected in , 1999.
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