CHARLOTTE, N.C. -- 20 August 2008 -- Red Ventures, an Internet marketing company that generates new customers for markets ranging from home and business services to education and automotive, has landed the 17th spot on the Inc. 500, an annual ranking of the nationâ€™s fastest-growing private companies. It was the #2 advertising and marketing company.
â€œWe are pleased to be recognized by Inc. for the second consecutive year,â€ said CEO Ric Elias. â€œIt is proof that our model continues to resonate in the marketplace. In a tight economy, companies are even more focused on customer acquisition, and as a result we see many opportunities to expand into new verticals.â€
Major brands like ADT Security Services, DIRECTV and SIRIUS Satellite Radio depend on Red Ventures to drive incremental customer growth. In 2008, it will deliver nearly 350,000 new customers to its partners.
â€œRed Ventures has proven to be a valuable strategic partner for DIRECTV,â€ said DIRECTV Chief Sales & Marketing Officer Paul Guyardo. â€œIn the highly competitive paid television category, a focus on profitable growth is critical. Red Ventures shares that focus and has helped us further our leadership position by generating good-quality new subscribers in large volumes.â€
Red Venturesâ€™ business model merges online prospecting with phone sales. It is only paid when a new customer is delivered â€“ a small fee relative to the customerâ€™s lifetime value. Technology and reporting capabilities enable the company to rapidly deploy new programs and optimize existing ones.
"Weâ€™ve demonstrated that we can sustain rapid growth,â€ said CMO Dan Feldstein. â€œOur platform is infinitely scalable to new products, services and markets, and our team is energized by the myriad avenues for future growth."
The company posted nearly 6,000% revenue growth from 2004 through 2007. By 2010, Elias and Feldstein said they plan for Red Ventures to more than double in size, to $250 million in annual revenue.
About Red Ventures
Red Ventures is an Internet marketing company that develops and manages large-scale, multi-channel customer acquisition programs for leading brands in the U.S., Canada and Puerto Rico. Over 450 employees serve vertical markets including home services, consumer services, financial services, business services, automotive, education, and home remodeling. The company is based in Charlotte, North Carolina and was founded in 2000. For career inquiries, visit www.redventures.com/careers.