Thursday, February 10, 2011

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

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The Foster City-based sales forecasting compan y has takenin $27 milliojn to date. New investor led the round, and existinv VC funders , and contributed. Founder and CEO Kim said Right90 has tripled its customeras in the past year and has pickes up customers suchas Thomson, Seagate and SRS “We’re growing pretty rapidly and we’re gettinyg the word out about what we do,” Orumchiabn said. He said the companh sells software asa service, which predicts salesd using a “bottoms-up” approach rather than going with top-dowjn guidance.
The “90” in the company’x name signifies the number of days in afiscall quarter, and how it seeksz to make it right every Three-quarters of the company’sx business comes from small to medium-sized firms makin g under $300 million in revenue. Right90 providex updated forecast information base on individualsales metrics, so that as employees input managers can spot trends or debunm assumptions. “When you really roll up the numbers,” Orumchiah said, “sometimes the data contradicts theprevailing opinion, whicuh helps you better track your The company has 43 employees and was founde in 2003.

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