Best Quarterly and Annual Revenue & Earnings in FreshAddress History
Newton, MA—January 28, 2009—FreshAddress today announced financial results for its fiscal year ending December 31, 2008. The Company posted a 96% increase in annual revenues over 2007. Fourth quarter sales increased 50% over the previous quarter, and 60% over 4th quarter 2007. Increased market interest and spending on email marketing fueled sales of FreshAddress’s email database management services.
“We’re thrilled to report our best month, best quarter, and best year ever, with the highest revenue and earnings in FreshAddress’s 10-year history,” said Bill Kaplan, FreshAddress CEO. “2009 promises to be another exciting year for us as we seek out additional synergistic acquisition opportunities while broadening our own service offerings.” FreshAddress closed on its acquisition of Return Path's ECOA business in mid-December and expects to complete the process of transitioning Return Path's client ECOA contracts as well as its consumer email change pair database within the next month.
Some notable recent additions to FreshAddress’s client roster include CVS/pharmacy, Parametric Technology Corporation (PTC), Reader's Digest Association, Children’s Cancer Research Fund, Giant Eagle, and InterMedia Outdoors, Inc., among others.
“The current economic climate is forcing businesses and nonprofits to focus on ways to maximize the ROI of their marketing investments,” added Austin Bliss, FreshAddress President. “We anticipate continued growth as businesses further exploit the revenue opportunities and cost savings associated with email and online marketing.”