SLI
04/11/2015 08:40
FORECAST
PRICE SENSITIVE
REL: 0840 HRS SLI Systems Limited
FORECAST: SLI: SLI appoints CRO and provides revenue guidance
SLI Systems Names Martin Onofrio as Chief Revenue Officer
Operating Revenue for First Half Expected to Rise 29% to $17.3 million
CHRISTCHURCH, New Zealand - 4 November, 2015 - SLI Systems (NZ.SLI) today
announced the addition of industry veteran sales leader Martin Onofrio as
Chief Revenue Officer (CRO). In his role Onofrio will be responsible for
leading the company's global sales organization to increase new customer
acquisition and maximize revenue per customer through increased adoption of
SLI's entire product suite. SLI is a Software-as-a-Service provider that
accelerates e-commerce revenue for online retail and business-to-business
stores by connecting shoppers with the products they're most likely to buy.
This news comes as SLI announces operating revenue expectations for the first
half of the 2016 fiscal year. The company anticipates operating revenue for
the six months to 31 December 2015 to be $17.3 million, a 29% rise over the
six months to 31 December 2014.
Onofrio, who joins immediately, will focus on driving excellence in worldwide
sales execution to aid the company's ongoing revenue growth and operating
income improvement. The new CRO brings more than twenty-five years' sales
and executive leadership experience to the position. Most recently he was
Chief Revenue Officer at Silicon Valley-based Attensity Corporation.
"Martin comes to the company with strong leadership background and a proven
track record of increasing sales for cloud-based solutions," said Chris
Brennan, CEO of SLI Systems. "As we noted at our Annual Shareholders Meeting
last month, SLI has not been performing to its full potential and needs to
increase its growth rate. We're looking for Martin to be a key contributor
to our executive team and a driver of accelerating growth in the months and
years to come."
Onofrio previously held executive sales leadership positions at SAP,
Mobileum, Kana, Triple Point Technology and e-commerce platform provider Blue
Martini Software. In his prior roles Onofrio has consistently exceeded quota
and increased average deal value. At SLI Onofrio will use his extensive
knowledge to structure, motivate and run the company's sales organization in
the most effective manner possible.
"What attracted me to SLI was the company's leadership position in its
category. Our core market is huge and still experiencing double-digit
growth. Our flagship Learning Search product is the most robust and
full-functioned in the space, and the company's large and growing installed
base is testimony to the fact that we're getting it right," Onofrio said. "I
can't wait to help the sales team better connect with online merchants to
demonstrate how SLI services can increase top-line sales and bottom-line
profitability."
SLI will report full results for the period to 31 December in late February
2016.
About SLI Systems
SLI Systems (SLI.NZ) enables the world's leading e-commerce retailers to
accelerate sales by connecting shoppers with the products they're most likely
to buy. With offerings that include site search, navigation, merchandising,
mobile, product recommendations and user-generated SEO, SLI is the most
chosen cloud-based site search provider to U.S. Internet Retailer Top 1,000
retailers. The company's patented technology continuously learns from the
actions of visitors to deliver the most relevant results possible. Whether
via PC, tablet or phone, a site powered by SLI delivers the kind of
satisfying search experience that increases conversion rates, secures brand
loyalty and results in higher order values. SLI operates on five continents.
For more information, visit www.sli-systems.com.
# # #
Media resources:
Connect with SLI:
Twitter - twitter.com/slisystems
Facebook - facebook.com/slisystems
LinkedIn - linkedin.com/company/sli-systems
Media Contact:
Richard Inder
Merlin Consulting
+64 21 645 643
[email protected]
End CA:00272796 For:SLI Type:FORECAST Time:2015-11-04 08:40:11
