AutoSuccess Magazine eNewsletter

November 26, 2009 Volume 1 Issue 67  
HOME
Contents
Your Right to Know
DealerDish — Delivering Vehicle Recall Notifications
A Roadmap to Maximum ROI
VinSolutions Certified as American Honda Motor Co., Inc. Approved Vendor
Dealer.com Ranked Number 214 Fastest Growing Company in North America on Deloitte’s 2009 Technology Fast 500
HomeNet, Inc. and GetAutoAppraise.com Announce Strategic Partnership
Dealers Cheer Exemption from CFPAA
Auto/Mate Announces 17% Increase in New Clients
Safety Issues & Regulatory Plans Addressed in AAPEX Education Session
New Vehicle Technologies to Be Discussed at AAPEX Education Session
Survey Says...
What would you like more of in AutoSuccess?
Which topic is the most interesting to you?
SEO
Internet sales
Closing techniques
Management
Inventory
Lead Generation
Follow-up
CRM
Event Sales
BHPH
  [See Results]
ResponseLogix Closes $5.6 Million in New Funding
Emergence Capital Partners Invests in Leading SaaS Provider of Automotive Internet Lead Response Technology

Sunnyvale, CA – ResponseLogix, Inc., the leading provider of automotive digital response management software, today announced the closing of $5.6 million in new funding led by Emergence Capital Partners. The round also included existing investors GRP Ventures, Shasta Ventures, Belo Corp. and AH Belo Corp. The funds will be used to further cement ResponseLogix’s leadership in the growing market for internet lead management services to the auto industry.

“Emergence Capital Partners invested in ResponseLogix because of its market leadership position, compelling customer value proposition, and the experience and passion of the management team,” said Jason Green, General Partner at Emergence Capital Partners. “We have watched ResponseLogix grow its business dramatically during one of the worst financial and auto industry downturns in history. I can’t wait to see what happens to this company as the economy rebounds.”

Emergence Capital Partners is the leading venture capital firm focused on cloud-based business and consumer services companies. In 2002, Emergence Capital was the first to recognize the power and potential of SaaS to disrupt the technology industry and invested in some of the most successful companies including Salesforce.com and SuccessFactors. Their mission is to help build market leading companies in true partnership with forward thinking entrepreneurs. Today the firm has over $325 million under management from premiere institutional investors.

“The Emergence team has a proven track record of funding and building market-leading technology companies, particularly software-as-a-service (SaaS) businesses. As a SaaS business ourselves, we are delighted to partner with them to accelerate our growth,” said Tom Mohr, President and CEO of ResponseLogix. “We are also pleased that existing investors joined Emergence in this financing. The commitment of all our investors in ResponseLogix further validates our value proposition -- that a rapid quote response and effective ongoing customer follow-up are the keys to driving automotive Internet sales.”


[PRINTER FRIENDLY VERSION]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
Published by Systems Marketing Inc.
Copyright © 2009 Systems Marketing Inc.. All rights reserved.
TELL A FRIEND
Powered by IMN