Primary Intelligence, Inc. Closes First Round of Funding

Primary Intelligence, a provider of custom competitive intelligence, has closed an initial round of funding from an angel investor. The funding will help speed new intelligence technology to market.

SALT LAKE CITY, Utah (PRWEB) May 14, 2003 -- Primary Intelligence, a leading provider of market, sales and competitive intelligence solutions, announced today it has successfully completed its funding round through angel investors.

Closing this round of seed funding is an affirmation of the increasing demand for our services in the current economy," said Ken Allred, President of Primary Intelligence. He continued, We have clearly demonstrated our ability to deliver the competitive intelligence our customers need, and the funding validates the strength of our solutions for companies that need to maximize return from their sales force."

Through its competitive intelligence solutions, Primary Intelligence helps customers such as Microsoft Business Solutions, PeopleSoft, Siebel, Avaya and other Fortune 1000 companies improve individual and company-wide competitive win ratios, increase sales per employee, enhance understanding of competitors and build successful, dynamic sales organizations.

Founded in 1998, Primary Intelligence has shown steady growth despite the economic climate, showing year-over-year growth of over 200 percent in 2002 alone. Weve been growing solely on revenues to this point," Mr. Allred added. This additional funding gives us the ability to expand aggressively and accelerate technologies currently under development."
   
For more information on competitive intelligence solutions, contact Primary Intelligence.

About Primary Intelligence. Primary Intelligence, Inc., based in Salt Lake City, Utah, is a leading provider of custom, business-to-business market research, sales intelligence and competitive intelligence solutions for managing and servicing sales infrastructure to Global 3000 companies. For more information about Primary Intelligence, visit our Web site at www.primary-intel.com.

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Contact:
Steve Jensen
Primary Intelligence
801/838-9635
sjensen@primary-intel.com