SolutionSet Reports 2007 Growth and Key Customer Wins
PALO ALTO, CA - February 19, 2008 - SolutionSet, the brand technology company, today announced continued financial and customer success in 2007, with annual revenue increasing by more than 80% over 2006. Total revenue for the year reached approximately $12 million marking the 4th consecutive year of revenue growth and profitability. The strong performance is attributed market growth in the demand for brand technology and continued agency wins of marquee customers.
"SolutionSet is growing quickly by focusing on solutions that leverage both brand and technology services," said Alex Kaplinsky, CEO of SolutionSet. "We're committed to continue pioneering technology innovations that change the way companies define their digital brand".
The U.S. online advertising market will reach $50.3 billion in revenue by 2011, according to the Yankee Group. Underpinning this growth are a growing online audience, broadband penetration, and the increasing value and return on technology investments. Demand for solutions which focus digital marketing, brand technology and community development are expected to be strong in 2008.
During 2007, SolutionSet continued to win marquee customers including Autodesk, Chevron, eBay, Merck, Nokia, Plantronics, SAP, VeriSign, and Visa.
2007 also marked the additions of industry veterans to SolutionSet's growing management ranks.
- Tim Ross, former Partner at USWeb/CKS joined SolutionSet as Partner, Client Services working out the SolutionSet Palo Alto office.
- Max Terry, former Managing Director of Dentsu America joined as Director, Client Services working out of the SolutionSet San Francisco office.
- Jayson Truttmann, former Director of Client Services at Blitz joined as Director, Client Services working out of the SolutionSet Los Angeles office.
In 2007, SolutionSet was ranked 95th in INC.'s 500 Fastest Growing Company List and one of the 10 fastest growing IT services providers. The company also won a "Communicator Award" in a Print Media Competition, took "Best of Show" at the San Francisco Bay Area Interactive Group's User-Generated Ad Competition and received title of "Official Honoree" for the 11th Annual Webby Awards.
About SolutionSet
SolutionSet is an agency that combines user-centered creative and leading-edge technology to deliver the next new thinking in web development, digital marketing, and brand experience. See them in Palo Alto, San Francisco, or at www.solutionset.com.