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Compete Has Fifth-Straight Year of Record Growth
Explosion in search marketing, web analytics and online advertising fuels expansion
BOSTON, Ma. – February 11, 2008 – Compete, Inc., a leading web analytics company, today announced that 2007 was its fifth-straight year of record growth. By capitalizing on the increase of spending in search marketing, web analytics and online marketing and introducing innovative products, Compete achieved year-over-year revenue growth in excess of 50%.
“The shift to online has accelerated from a steady flow to a torrent. Industry pundits predict a doubling of spending to nearly $42 billion by 2011 [eMarketer, Dec. 2007],” said Compete’s CEO, Donald McLagan. “Our company’s growth, which has been nearly 1,000 percent over the past five years, is driven by marketers’ need for online data about their customers and competitors’ engagement, loyalty and online and offline sales.”
Among Compete's 2007 highlights were:
Breakthrough New Products:
Compete
released four new tools that give marketers unparalleled
insights into improving online performance and results:
- Behavior Match™, a
groundbreaking new tool that provides media buyers with vital
information to maximize their strategic publisher and ad network
investments
http://www.competeinc.com/news_events/pressReleases/197/; - Ad Analyzer™, a
innovative service which lets marketers measure the impact of ads
(their own and competitors) on consumer behavior within target customer
segments to maximize online advertising ROI-
http://www.competeinc.com/news_events/pressReleases/200/; - Compete Search
Analytics™, a Web-based resource that delivers the
industry’s richest search analytics on a revolutionary
pay-as-you-go basis;
http://searchanalytics.compete.com/site_referrals/; and - Compete Search Analytics
Select™, the only service that precisely targets searches
within the most profitable customer segments so marketers can focus on
how their search investments are lifting sales and building brand
equity
http://www.competeinc.com/news_events/pressReleases/198/
Success of
Compete.com:
Compete.com, the first website to offer free premium web metrics to
marketers and web savvy consumers, celebrated its first anniversary in
2007 with more than 60,000 registered users. The site had a record
month in December 2007 with 706,552 unique visitors.
Compete's award-winning blog has become a source for timely, humorous
market information, and is ranked #24 on the AdAgePower150.
To read the blog, visit: http://blog.compete.com/
Industry
Recognition:
In addition
to its revenue growth, product innovation and the ascension
of Compete.com, the company achieved industry recognition as the "Best
Content Search Engine" (Searchonomics), was a MITX award finalist for
Search Analytics™ and was #19 on Deloitte's Technology Fast
50 list and #824 on the Inc. 5000 (one of the fastest-growing privately
held companies in the U.S.).
To download Compete's research around its automotive, financial
services, travel and wireless practices visit:
http://www.competeinc.com/research/spark/
About Compete, Inc.
Compete helps the world’s top brands improve their marketing
based on the online behavior of millions of consumers. Leading
marketers such as Carlson Hotels Worldwide, Hyundai Motor America,
Upromise, Chrysler, and Verizon Wireless rely on Compete’s
services to create effective online experiences and highly profitable
advertising campaigns. Compete’s online behavior database
– the largest in the industry – makes the web as
engrained in marketing as it is in people’s lives. Compete
was founded in 2000 and is located in Boston, MA, with offices
throughout the U.S. For more information about us, please visit
www.competeinc.com, or to join the conversation visit compete.com.
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trademarks of their respective owners.
