Everstage Raises $30 Million To Scale Its Commission Tracking Platform [Forbes]
Paychex, Inc. (PAYX)
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Source: Forbes
At first sight, Everstage's business proposition looks disarmingly simple. The company, which is today unveiling a Series B fund raise of $30 million, offers software that enables sales teams – and their managers – to track how much they're earning in commission. Critically, however, Everstage's founders argue that this provides much more than just transparency – rather, it claims, such tools can underpin sales performance and, therefore, make or break the company. “We're really trying to serve our customers' revenue operations professionals – the brains behind their go-to-market funnel,” explains Siva Rajamani, co-founder and CEO of Everstage. “This is about how you manage and motivate the sales teams that drive your revenues.” Forbes first profiled Everstage two-and-a-half years ago, revealing detail of its Series A fundraising. Since then, the business has grown rapidly, with revenues growing four times' over in each of the past two years and on target for three times' growth
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