NEWS19 August 2010

Communispace posts 29% rise in first-half revenue

Financials North America

US— Online research community builder Communispace has reported a 29% increase in revenue for the first half of 2010 with sales hitting $22.5m, up from $17.4m in the same period last year.

CEO Diane Hessan told Research the company had seen a continuation of the 29% growth rate into July. Year-to-date customer retention rate is 94%, the firm said.

“Although our continued growth is a huge source of pride for us, we are most gratified by the extraordinary client relationships we are building,” said Hessan.

“We’re doing strategic work with many of the most admired brands in the world, and we never take their trust in us for granted.”

Communispace’s website lists Best Buy, Coca-Cola, Heinz, MTV, Philips and Unilever as clients, among others.

@RESEARCH LIVE

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