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Bazaarvoice Selected as an AlwaysOn Global 250 Winner
Social Commerce Leader is Honored for Creating Innovation and Powering Business Transformation for 850 of the World's Largest Brands - in Silicon Valley, Across the US, and Around the World
AlwaysOn Summit at Stanford 2010
AUSTIN, Texas -- Bazaarvoice, the market and technology leader in hosted social commerce applications that drive sales, today announced that it has been chosen by AlwaysOn as one of the AlwaysOn Global 250 winners. Bazaarvoice was selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz. The AlwaysOn editorial team conducted a rigorous three-month selection process to finalize the 2010 list, and Bazaarvoice was selected among thousands of technology companies for its leadership and game-changing approach and technology that is likely to disrupt existing markets and entrenched players in the global Silicon Valley.
"Our recognition and inclusion on the prestigious AlwaysOn Global 250 list is another important validation for our premise - digital word of mouth is fundamentally changing the way that people shop and transforming the way that companies make decisions," said Brett Hurt, founder and CEO of Bazaarvoice. "The past five years have marked a radical change in consumer shopping behavior and the ability of companies to listen, respond, and learn from their customers. Bazaarvoice created the social commerce SaaS market, and we continue to lead the industry and drive the market forward with technology innovation and a laser-focus on client success. I am proud to share this honor with our hardworking team members, Board, investors, partners, and visionary clients who together deliver the Bazaarvoice promise daily."
Founded five years ago, Bazaarvoice offers a proven and innovative social commerce suite of six products to more than 850 brands in 36 countries, including Best Buy, Blue Shield of California, Costco, Dell, Macy's, P&G, Panasonic, QVC, and USAA, among others. The company has served more than 125 billion consumer-generated Answers, Stories, and Reviews to date and currently serves more than 7 billion each month, surpassing both Twitter and Wikipedia in reach. The company, which revolutionized channel marketing with innovations like BrandVoice and BrandAnswersTM, recently inked an industry-first partnership with Google to bring user-generated product reviews to Google search and ads, and just debuted SocialConnectTM to allow marketers to weave together brand sites and leading social networks like Facebook and Twitter.
Companies using Bazaarvoice gain a proven and innovative way to market with their customers in the channels where they shop, across the industry's largest network of brand sites and retailers, powering authentic conversations that deliver tremendous consumer value, drive organizational transformation, and generate real business results. Bazaarvoice has published more than 40 case studies, 575 posts on its Bazaarblog, and 30 webinars focused on the returns on investment created with the safe and innovative social commerce suite, showcasing how the world's best brands are using Bazaarvoice to transform sales, products, marketing, and customer service.
"We place an enormous premium on social industry innovation that works at Bazaarvoice, and we've led the way in creating a product suite that is proven and safe for the biggest brands in the world - with the capabilities, services, team, and best practices that brands need to transform the customer voice into an incredibly powerful business asset," Hurt continued. "We are a true partner to our clients - not just a technology vendor - and I am very proud to create, scale, and sustain a corporate culture that is based on transparency, performance, and innovation - and is every bit as disruptive as our product line."
Bazaarvoice means "voice of the open marketplace," and the term defines the company's vision and its workplace. Bazaarvoice's culture and business was recently highlighted on CNN in their Building Up America series, and the company has been named a Best Place to Work by the Austin Business Journal for the past four years running. The company has adopted many leading-edge cultural practices such as intense testing for all new hires, an upward feedback program for managers in quarterly performance reports, and an unrestricted vacation policy based on trust and respect. Employees also participate in activities and fundraisers organized by the employee-led Bazaarvoice Foundation that allow the company and employees to give back to the community, nourishing the soul of the company.
Bazaarvoice and the AlwaysOn Global 250 companies were honored at AlwaysOn's eighth annual Summit at Stanford on July 27, 2010, at the Frances C. Arrillaga Alumni Center at Stanford University in Palo Alto, CA. This two-and-a-half-day executive gathering that highlights the significant economic, political, and commercial trends affecting the global technology industries. Summit at Stanford's goal is to identify the most promising entrepreneurial opportunities and investments in the global tech industry. A full list of all the AlwaysOn Global 250 winners can be found on the AlwaysOn website, and includes companies such as Facebook, Foursquare, LinkedIn, Twitter, and Yelp.
About Bazaarvoice
Bazaarvoice's Software as a Service (SaaS) social commerce solutions have served more than 125 billion pieces of customer-generated content on more than 850 brand web sites like Best Buy, Blue Shield of California, Costco, Dell, Macy's, P&G, Panasonic, QVC, and USAA in 36 countries. The company connects organizations to their influencers through a unique network that reaches hundreds of millions of consumers around the globe, enabling authentic customer-powered marketing. Through syndication, analytics, partnerships, and consulting, Bazaarvoice brings the voice of the customer to the center of their clients' business strategy, proving "social" can drive measured revenue growth and cost savings for manufacturing, retail, travel, and financial services companies. Headquartered in Austin, the company has offices in Amsterdam, Düsseldorf, London, Paris, Singapore, and Sydney. For more information and access to client success stories, visit www.bazaarvoice.com, read the blog at www.bazaarvoice.com/blog, and follow on Twitter at www.twitter.com/bazaarvoice.