Name: Rightanswers, Inc.
Address: 333 Thornall St FL 7, Edison, NJ, 08837-2220, USA
Telephone: (732) 396-9010

RightAnswers, Inc. was founded in 2001 as a management buyout from ServiceWare, Inc. The Company's revenues and overall position has grown consistently since then. It was profi table in 2004 and then took in $3.0 million of venture funding from mid 2005 through early 2007 to fund its new knowledge-driven Self-Service and Support Analyst Portal products. Since releasing these products in mid 2005, there has been tremendous
reception in the market, with over 400 customers buying the new platform in the past 7 years, representing over 6 million enterprise end users worldwide.

Sales have grown from $2.2 million in 2003 to $10.6 million in 2012 with strong growth expected to continue throughout 2013 and beyond. Like many technology venture-backed fi rms, the company will continue to grow its top line and reinvest profi ts back into the business in the form of R&D, Sales and Marketing expense.

RightAnswers' revenue mix sheds light on the solid business foundation it has built. No single client accounts for more than 2% of revenues, services as a component of product license revenues are less then 15% and the recurring revenue from maintenance and subscriptions continues to grow, with a current renewal rate being 92%. Ninety percent (90%) of the client base consists of organizations ranging from in size of 5,000 to 250,000 employees across all industries including Higher Education, Federal Government, Healthcare, Retail, Manufacturing and Financial Services. The company generated 20% of its total revenues from international regions in 2010, and 30% in 2011 & 2012.

Rightanswers, Inc.

Business Info

Contact Business

Company Summary

Similar Businesses Nearby

Competitive Landscape

Payments Accepted

Hours

Social Presence

Photos

Business Credit Report

Facebook

Twitter

Yelp

Customer Resources

Our Company

Our Network

Site Links