THE BUSINESS: Salesify Inc. helps technology companies identify, profile and connect with the right people targeted as sales and marketing prospects. The company’s services include building customized B2B prospect databases, setting appointments and integrating lead generation programs. Salesify says it does original research, extracting information not available elsewhere.
CUSTOMERS: Salesify has more than 200 customers globally, although the vast majority are based in the U.S. Its leaders say they serve two of the top five leading business intelligence vendors; two of the top three security companies; two of the top five consulting services companies; one of the top three network hardware companies and one of the top three telecom companies. CEO Gurdeep Chimni said that company gets 37 percent of its growth coming from referrals by existing clients.
SHORT-TERM GOAL: Chimni said the company wants to continue to develop and invest in its infrastructure, growing the business at 15 percent quarter by quarter.
LONG-TERM GOAL: Chimni said he wants Salesify to become the de-facto standard as the “go-to” sales and marketing partner for the technology sector.
BIGGEST COMPETITORS: Salesify leaders say they don’t have much direct competition because the market is fragmented, with very small companies that are limited in scope. At the same time, very large organizations dilute their data’s value by not specializing, Chimni said.
HOW THE BUSINESS WILL CHANGE IN FIVE YEARS: Chimni said outsourced sales is expanding because costs are forcing the larger organizations to limit customer interaction and focus on the top 20 to 50 accounts that generate 80 percent of their revenue, meaning other accounts will be neglected unless they are outsourced.
TOUGHEST BUSINESS DECISION: Chimni said the decision to bootstrap and not bring in outside investors was the most difficult, especially in light of the expense of investing in global infrastructure and facilities.
ONE THING THAT MIGHT SURPRISE PEOPLE ABOUT THE CEO: Chimni said most people assume that he is an engineer, but he is not really a techie. He would rather spend his free time taking his kids fishing.
At-a-glance
Salesify Inc. Headquarters: Sunnyvale CEO: Gurdeep “Singh” Chimni Expected 2009 revenue: $3M Founded: 2005 Employees: 110 Web site: www.salesify.com Phone: 888.557.2537 x100