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SAN FRANCISCO, CA -- (Marketwire) -- 02/26/13 -- ServiceSource® (NASDAQ: SREV), the global leader in recurring revenue management, was honored with two awards at the seventh annual Stevie Awards for Sales & Customer Service. ServiceSource was presented with a silver Stevie® Award in the Sales or Customer Service Solutions Technology Partner of the Year category, and a bronze Stevie® Award for Renew OnDemand™ in the Best New Business Intelligence Solution category.

The Stevie Awards for Sales & Customer Service are the world's top sales awards, contact center awards, and customer service awards. The Stevie Awards organizes several of the world's leading business awards shows including the prestigious American Business Awards (SM) and International Business Awards (SM).

"Receiving not one, but two Stevie awards is strong validation for the growing importance of recurring revenue in creating business growth and bottom line results," said Mike Smerklo, chief executive officer at ServiceSource. "As the company that created the world's leading sales methodology designed specifically to drive recurring revenue, being acknowledged as Technology Partner of the Year is truly rewarding. And we are particularly proud that Renew OnDemand, the only cloud application purpose-built to maximize recurring revenue, has earned this recognition from the industry."

Renew OnDemand arms sales teams, executives, and channel partners with a complete system to generate renewal, cross-sell and upsell revenue from customer contracts and subscriptions. ServiceSource designed Renew OnDemand to give companies unparalleled analytical visibility into sales efforts, the ability to streamline renewal activities, and the opportunity to consolidate and analyze their customer data in real time.

Winning the bronze Stevie Award in the Best New Business Intelligence Solution category confirms that the ground-breaking features of Renew OnDemand serve a great need across industries, including technology, software as a service, healthcare, life sciences and industrials.

"From our perspective this was the most successful Stevie Awards for Sales & Customer Service yet," said Michael Gallagher, president and founder of the Stevie Awards. "Not just because of the increase in the number and variety of entries, but in the extraordinary quality of the entries. All of this year's Stevie Award winners are truly deserving."

Details about the Stevie Awards for Sales & Customer Service and the list of Stevie winners in all categories are available at www.StevieAwards.com/sales.

About ServiceSource

ServiceSource is the global leader in recurring revenue management. The world's most successful companies rely on us to maximize subscription, maintenance and support revenue, improve customer retention and increase business predictability and insight. ServiceSource delivers results with Renew OnDemand, the world's only cloud application built specifically to manage and grow recurring revenue, which can be combined with our industry-leading services.