Deem(R) Announces Major Investments in Customer Operations and Forecasts a Doubling of Customer Growth

Leading Cloud and Mobile Commerce Company Rapidly Accelerates Growth Domestically and Internationally

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| Source: Deem, Inc.

SAN FRANCISCO, July 25, 2014 (GLOBE NEWSWIRE) -- Deem, a leading cloud and mobile commerce company, announced today numerous updates in its Deem@Work™ business along with a major investment in sales, marketing and customer operations and a forecast to double its customers from 17,000 to more than 34,000 over the next year.

Deem@Work is the world's only integrated Cloud Suite of Travel, Expense and Procurement applications that enables companies to purchase virtually any product or service in the context of corporate policy, the role of the employee and negotiated discounts resulting in savings on every transaction. Deem@Work combines its market-leading suite with the industry's most comprehensive B2B commerce network and a mobile-first consumer experience to deliver the industry's highest adoption and savings rates.

Customer Operations Investments and Large Direct Sales force

"While we remain unequivocally and strategically committed to working closely with our current channel partners such as our forty-plus travel management companies, NetSuite, MasterCard and Enterprise Holdings and opportunistically opening new channels, we will be augmenting our channel approach with a massive investment in our Direct Sales organization," said Patrick Grady, Founder and CEO of Deem. "To fully capitalize on the remarkable market reception for Deem@Work, we are announcing today a commitment to hire 250 people in our customer operations organization over the next 10 quarters," added Grady.

Leadership

To ensure that the company scales its operations without compromising quality, Deem hired a number of senior leaders to bolster its Deem@Work execution capabilities.

• Roger Blumberg, formerly of FreeMarkets and A.T. Kearney is now overseeing Deem's Spend Management suite as VP of Products.

• BJ Tate has joined from Amadeus as the Director of Enterprise Sales to work with the world's most important and demanding business travel customers.

• Ted Stuart has joined from Oracle as VP of Sales to oversee Deem's major investment in its Direct Sales force.

• Eric Roverud has joined as Director of Activations from Oracle.

• Simon Luthi has been promoted to Vice President of Global Travel.

Doubling Customer Growth Year-Over-Year


Today, more than 17,000 businesses ranging from 50 person startups to Fortune 50 multinationals are saving money through Deem's suite of Travel, Expense and Procurement applications.
Given the company's market-leading innovation and major investment in Sales, Marketing and Customer Operations, the company is forecasting a doubling in growth to over 34,000 Deem@Work customers by mid-2015.

About Deem

Deem is a leading cloud and mobile commerce company, delivering Commerce-as-a-Service (CaaS) to a large and diverse ecosystem of customers, merchants and partners enabling them to lower costs, increase revenue and deepen customer loyalty. 



Businesses saving money with Deem include SMBs and Fortune 500 multinationals. Merchants selling on Deem include local and national consumer and business brands. Distribution partners include market leaders in business, consumer, mobile and travel services.

Kristina Taylor
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