Thursday, January 6, 2011

Right90 gets $10M in third round - Silicon Valley / San Jose Business Journal:

antoninahubihe.blogspot.com
The Foster City-based sales forecasting company has take nin $27 million to date. New investof led the round, and existintg VC funders , and contributed. Founderf and CEO Kim Orumchian, said Right90 has tripled its customers in the past year and has picked up customerw suchas Thomson, Seagate and SRS “We’re growing pretty rapidly and we’re getting the word out about what we do,” Orumchian He said the company sells software as a which predicts sales using a “bottoms-up” approach rather than going with top-dow guidance.
The “90” in the company’xs name signifies the number of days in afiscal quarter, and how it seekw to make it right everyy time. Three-quarters of the company’s business comes from small to medium-sized firmzs making under $300 million in revenue. Right90 provides updatee forecast information based on individual sales so that as employeedsinput details, managers can spot trendse or debunk assumptions. “When you really roll up the numbers,” Orumchian said, “sometimes the data contradictas theprevailing opinion, which helpsa you better track your business.” The company has 43 employees and was founded in 2003.

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