SharpSpring Adds 208 New Customers in Q2 2017

Record 6,090 Businesses Using its Flagship Marketing Automation Platform

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| Source: SharpSpring, Inc.

GAINESVILLE, Fla., July 13, 2017 (GLOBE NEWSWIRE) -- SharpSpring, Inc. (NASDAQ:SHSP), a global provider of cloud-based marketing technologies, secured 208 new customers for its flagship marketing automation platform during the second quarter of 2017. At quarter-end, the company had 1,252 agency partners and a record 6,090 businesses using its marketing automation platform. Recurring revenue from the new customer additions over the first year are expected to be approximately $1.5 million.

“As we expected, our total new customer wins in Q2 remained consistent with the prior quarter,” said SharpSpring CEO Rick Carlson. “These new wins for the quarter reflect our success in refining our sales strategy and lead-generation activities, which we believe will drive accelerated sales both in the second half of the year and longer term. Additionally, we saw our agency partners continue to expand their relationships with SharpSpring, helping us surpass the 6,000 total businesses milestone during the quarter.

“Looking ahead, we are continuing to make improvements that further strengthen our organization, including the expansion of our leadership team through the recent appointments of technology veterans Marietta Davis and Roy Olivier to our board of directors. As we move forward with our accelerated sales and marketing efforts, we are encouraged by the strengthening lead flow being generated by our optimized organizational structure and are looking forward to realizing the benefits of these initiatives in subsequent quarters.”

SharpSpring plans to report its complete financial results for the second quarter of 2017 in August. The conference call details will be announced prior to the call.

About SharpSpring, Inc.
SharpSpring, Inc. (NASDAQ:SHSP) is a rapidly growing, highly-rated global provider of affordable marketing automation delivered via a cloud-based Software-as-a Service (SaaS) platform. Thousands of businesses around the world rely on SharpSpring to generate leads, improve conversions to sales, and drive higher returns on marketing investments. Known for its innovation, open architecture and free customer support, SharpSpring offers flexible monthly contracts at a fraction of the price of competitors making it an easy choice for growing businesses and digital marketing agencies. Learn more at www.sharpspring.com.

 

Company Contact:
Edward Lawton
Chief Financial Officer
617-500-0122
IR@sharpspring.com

Investor Relations:
Liolios Group, Inc.
Matt Glover or Najim Mostamand
949-574-3860
SHSP@liolios.com