Baynote Announces Record Third Quarter Bookings, Despite Softening Economy

Cupertino, Calif. (PRWEB) October 27, 2008

Baynote, Inc., the leader in recommendations and social search, today announced record-breaking sales results for its fiscal third quarter ending on Tuesday, Sept. 30. Baynote achieved bookings growth of 70 percent over its second fiscal quarter and year over year growth of 200 percent, eclipsing company forecasts once again. Businesses use Baynote to automatically display the best content and products to website visitors.

"We saw tremendous customer traction in Q3, adding dozens of new accounts and renewals with some of the world's largest e-tailers, media portals and enterprises," said Jack Jia, CEO for Baynote. "Baynote's continued success is the result of our ability to show ROI almost immediately. While our SaaS technology is a wise investment during good times and bad, we closed several major deals with retailers who needed a low-risk solution for optimizing online profits and weathering the storm this holiday shopping season."

New customers are global leaders in their respective categories, including:

• One of the largest US wireless carriers
• The online stores for the world's top media conglomerates
• One of the top 10 largest US e-commerce sites
• A top international lifestyle apparel and specialty retail company
• One of the top two largest UK retail outlets

Baynote's built-in measurement service accurately reports in real-time the average-order-value and net revenue lifts generated by customers' community of site visitors. For example, e-commerce sites see between a 20-50 percent increase in average order values, and a 30 percent increase in net profits within just weeks; and media sites experience an average increase in visitor engagement of up to 300 percent.

About Baynote
Launched in 2006, Baynote delivers on-demand recommendation technology and social search for websites. By automatically displaying the best content and products, the Baynote Collective Intelligence Platform (CIP) increases online revenue, leads and impressions. Baynote delivers millions of recommendations each day for more than 110 eCommerce, media and enterprise customers, including Motorola, NASA, The Knot and US Appliance. For more information, please visit http://www.baynote.com.

Baynote™ and UseRank™ are registered trademarks of Baynote, Inc. All other trademarks are properties of their respective owners.

###