SAN FRANCISCO, CA--(Marketwire - Feb 26, 2013) - ServiceSource® (NASDAQ: [ SREV ]), the global leader in recurring revenue management, was honored with two awards at the seventh annual Stevie Awards for Sales & Customer Service. ServiceSource was presented with a silver Stevie® Award in the Sales or Customer Service Solutions Technology Partner of the Year category, and a bronze Stevie® Award for [ Renew OnDemand ]™ in the Best New Business Intelligence Solution category. 

The Stevie Awards for Sales & Customer Service are the world's top sales awards, contact center awards, and customer service awards. The Stevie Awards organizes several of the world's leading business awards shows including the prestigious American Business Awards ^SM and International Business Awards (SM). 

"Receiving not one, but two Stevie awards is strong validation for the growing importance of recurring revenue in creating business growth and bottom line results," said Mike Smerklo, chief executive officer at ServiceSource. "As the company that created the world's leading sales methodology designed specifically to drive recurring revenue, being acknowledged as Technology Partner of the Year is truly rewarding. And we are particularly proud that Renew OnDemand, the only cloud application purpose-built to maximize recurring revenue, has earned this recognition from the industry."

Renew OnDemand arms sales teams, executives, and channel partners with a complete system to generate renewal, cross-sell and upsell revenue from customer contracts and subscriptions. ServiceSource designed Renew OnDemand to give companies unparalleled analytical visibility into sales efforts, the ability to streamline renewal activities, and the opportunity to consolidate and analyze their customer data in real time.

Winning the bronze Stevie Award in the Best New Business Intelligence Solution category confirms that the ground-breaking features of Renew OnDemand serve a great need across industries, including technology, software as a service, healthcare, life sciences and industrials.

"From our perspective this was the most successful Stevie Awards for Sales & Customer Service yet," said Michael Gallagher, president and founder of the Stevie Awards. "Not just because of the increase in the number and variety of entries, but in the extraordinary quality of the entries. All of this year's Stevie Award winners are truly deserving."

Details about the Stevie Awards for Sales & Customer Service and the list of Stevie winners in all categories are available at [ www.StevieAwards.com/sales ]. 

About ServiceSource

ServiceSource is the global leader in recurring revenue management. The world's most successful companies rely on us to maximize subscription, maintenance and support revenue, improve customer retention and increase business predictability and insight. ServiceSource delivers results with Renew OnDemand, the world's only cloud application built specifically to manage and grow recurring revenue, which can be combined with our industry-leading services.

With over a decade of experience focused exclusively in growing recurring revenue, our services and applications are based on proven best practices and global benchmarks. The company is headquartered in San Francisco, and has over $8 billion under management for customers in more than 150 countries and 40 languages.

ServiceSource, Renew OnDemand and any ServiceSource product or service names or logos above are trademarks of ServiceSource International, Inc. All other trademarks used herein belong to their respective owners.

For more information on ServiceSource, visit [ http://www.servicesource.com ]. To connect with ServiceSource, visit us on [ Twitter ], [ LinkedIn ] and [ YouTube ].

About The Stevie Awards

Stevie Awards are conferred in four programs: The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about The Stevie Awards at [ www.StevieAwards.com ].

Sponsors and supporters of the 7^th annual Stevie Awards for Sales & Customer Service include [ the Business TalkRadio Network ], [ PrintingForLess.com ], and [ ValueSelling Associates ].

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding our Renew OnDemand Cloud platform and application, its capabilities, its overall benefits to customers, market demand for the offering, and its ease of integration with other third-party applications that our customers use. These forward-looking statements are based on the Company's current assumptions and beliefs, and involve risks and uncertainties that could cause our results to differ materially from those expressed or implied in our forward-looking statements. Those risks and uncertainties include, without limitation, the risk of material defects or errors in the Company's software offerings; the ability to integrate Renew OnDemand with other third-party applications used by our customers; our ability to protect our intellectual property rights; the risk of claims that our offerings infringe the intellectual property rights of others; changes in market conditions that impact our ability to sell the Renew OnDemand solution and/or generate service revenue on our customers' behalf; errors in estimates as to the renewal rate improvements and/or service revenue we can generate for our customers; demand for our offering that falls short of expectations; our ability to adapt our solution to changes in the market or new competition; general political, economic and market conditions and events; and other risks and uncertainties described more fully in our periodic reports and registration statements filed with the Securities and Exchange Commission, which can be obtained online at the Commission's website at [ http://www.sec.gov ]. All forward-looking statements in this press release are based on information currently available to us, and we assume no obligation to update these forward-looking statements.