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SAN FRANCISCO, CA -- (Marketwire) -- 02/19/13 -- ServiceSource® (NASDAQ: SREV), the global leader in recurring revenue management, today announced that it has expanded its partnership with GE Healthcare (NYSE: GE) to include Japan. With the new initiative, the companies now work together in eleven countries in the Asia-Pacific to optimize the renewal of GE Healthcare business with existing customers and increase recurring revenues.

ServiceSource will assemble a specialized sales team to help GE Healthcare achieve high-performance in renewals and warranties for their ultrasound equipment installations across Japan. GE Healthcare Japan, based in Tokyo, delivers a full scope of healthcare equipment and support across the country. Its ultrasound applications create new clinical value that is brought to life through breakthrough LOGIQ®, Vivid® and Voluson® product families.

"Japan is a highly competitive healthcare market, and the unique insights and disciplined approach to data management from ServiceSource will help us build stronger customer relationships and bottom line results," said Katsuya Okano, Head of Services, GE Healthcare Japan. "We're confident their strategic approach to recurring service revenues and highly skilled sales professionals will accelerate our ultrasound renewals performance in Japan."

With the healthcare industry experiencing significant growth in Asia, GE Healthcare selected ServiceSource early in 2011 to help it derive maximum services revenue from this important region. ServiceSource rapidly implemented a specialized sales team to complement GE's own professional sales force. The initial engagement supports a broad range of medical technologies, including monitoring devices, life support systems, ultrasound, X-ray and sophisticated CT equipment.

"We've had great success with GE Healthcare in the Asia-Pacific region and we'll bring the same commitment to our work together in Japan," said Mike Smerklo, chief executive officer of ServiceSource. "With the intense competitive pressures in the healthcare field, it's fitting that a leader like GE Healthcare Japan is partnering with ServiceSource to take a strategic and aggressive approach to strengthen their customer base and recurring revenue stream."

About GE Healthcare

GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.

Our "healthymagination" vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com.