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Over the past couple weeks, we've seen some interesting IPO filings from on-demand software players. There is NetSuite, as well as Constant Contact.In light of the success of Salesforce.com (NYSE: CRM), it's a good bet investors will be interested.
So to get some insight, I talked to the CEO of Centive, Mike Torto.
Founded about ten years ago, the company uses on-demand applications to help companies with compensation management.
How are things going at Centive?
We've just completed another fantastic quarter, and year to date we're winning about 70% of the deals we compete in. We have over 80 customers representing almost 13,000 subscribers, and we're two weeks away from the 5th major release of Centive Compel®. By any measure – most customers, most subscribers, most product awards, most mature solution – Centive Compel continues to be the clear leader in the on-demand sales compensation market.
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