PALO ALTO, Calif.–(BUSINESS WIRE)–June 23, 2003–Metreo Inc., (www.metreo.com), a leader in price optimization software, today announced its inclusion on the first-annual AlwaysOn Top 100 PrivateCompanies list. AlwaysOn, the media company that covers innovation in technology and business, compiled the list with assistance from KPMG’s emerging business practice, KPMG 1Start. The two groupssurveyed more than 1,000 venture investors, investment bankers, top entrepreneurs and executives, who nominated more than 700 companies for the competition.
The list was organized based on each company’s innovation and demonstrated leadership among peers in at least two areas: market traction measured by revenue or customer growth and game-changing approaches and technologies that are likely to disrupt existing markets and entrenched players.
“Our survey proves that private company innovation is alive and thriving. We believe that many of the companies funded in the last 12 months will end up being some of the biggest names associated with the Internet,” said Tony Perkins, AlwaysOn Editor. “To raise money and win customers in this market, private companies must show that their products are an order of magnitude above what currently exists in the marketplace.”
“We are honored to be recognized as an innovator in the pricing optimization arena,” said Daphne Carmeli, CEO of Metreo. “By focusing on strategic pricing challenges we have created an Enterprise Pricing solution that is helping over a dozen Global 1000 companies increase their net margin while being more responsive to their customers and maintaining overall market share.”
A reception will be held honoring the winners on July 15, 2003 at The Innovation Summit at Stanford University. The event will feature over 60 keynote-level speakers and 15 sessions. For more information visit: http://www.alwayson-network.com/events/index.php
About Metreo
Metreo delivers price optimization software that enables Global 2000 manufacturers, distributors, and service providers to better manage the pricing process by making more profitable decisions faster. Metreo is the first company to provide an integrated price planning and price execution solution to set appropriate price targets, evaluate customer sales requests, recommend profitable responses, and negotiate winning deals. For more information about Metreo, visit our website at www.metreo.com or call (650) 855-0550.
