Monetate Selected by AlwaysOn as a Venture Summit Mid-Atlantic 100 Winner

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Philadelphia company recognized for creating new opportunities in the mid-Atlantic region.

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Monetate, the leading provider of testing, targeting and personalization solutions for websites, today announced that it has been chosen by AlwaysOn as one of the Venture Summit Mid-Atlantic 100 winners.

The Venture Summit Mid-Atlantic 100 recognizes companies that exhibit leadership among its peers and innovative approaches and technologies that are likely to disrupt existing markets and entrenched players. Monetate was specially selected by the AlwaysOn editorial team and industry experts spanning the globe based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.

Monetate and the other Venture Summit Mid-Atlantic 100 companies will be honored at the IMPACT Venture Summit Mid-Atlantic event, November 29th and 30th, 2011, at the Ritz Carlton in Philadelphia, PA.

Monetate has experienced rapid growth including a 387% increase in revenue during the first three quarters of 2011, when compared to the same period last year. Significant enterprise adoption of Monetate’s platform, exhibited by a 300% increase in total customers over the last 12 months, has fueled the rapid expansion of Monetate's business which allows marketers to design and run multiple concurrent messaging and promotional campaigns on their websites, while simultaneously testing them in real time.

“We’re pleased to be selected as one of AlwaysOn’s Venture Summit Mid-Atlantic 100 winners,” said Monetate CEO David Brussin. “Our outstanding growth is a direct result of our technology innovations that allow organizations to insert new levels of agility into the marketing workflow and easily change anything on their websites for any customer, at any time.”

“The Venture Summit Mid-Atlantic 100 winners are transforming the mid-Atlantic region’s technology community through innovation and creativity,” said Tony Perkins, founder and editor at AlwaysOn. “The companies represent some of the highest-growth opportunities in the mid-Atlantic private company marketplace across all industry sectors, including digital media and entertainment, on-demand computing as well as greentech and the life sciences.”

A full list of all the Venture Summit Mid-Atlantic 100 winners can be found on the AlwaysOn website at:

http://www.aonetwork.com/AOStory/Announcing-2011-Venture-Summit-Mid-Atlantic-100-Top-Private-Companies

About Monetate
Monetate is the leading provider of testing, targeting, and personalization solutions for websites. The company's cloud based platform empowers marketers to test and target product offers and site features and convert successful tests into personalized messaging and promotional campaigns, instantly, anywhere on the website. Monetate removes the IT bottleneck and is quick and easy to install using just a single JavaScript tag, inserted only once, and requiring no internal IT resources. Some of the best known brands in the world use Monetate to make the most of their online marketing dollars, increase conversion rates, and personalize the website experience including Best Buy, Aeropostale, Urban Outfitters, Altrec, The Sports Authority, PETCO, QVC and more. Based in Philadelphia, Monetate serves a growing list of B2C websites around the world. For more information about Monetate, visit http://www.monetate.com.

About AlwaysOn
AlwaysOn is the leading business media brand networking the Global Silicon Valley. AlwaysOn helped ignite the social media revolution in early 2003 when it launched the AlwaysOn network. In 2004, it became the first media brand to socially network its online readers and event attendees. AlwaysOn’s preeminent executive event series includes the Silicon Valley Innovation Summit, OnMedia, OnHollywood, Venture Summit Mid-Atlantic, OnDemand, Venture Summit Silicon Valley, OnMobile, and GoingGreen Silicon Valley. The AlwaysOn network and live event series continue to lead the industry by empowering its readers, event participants, sponsors, and advertisers like no other media brand.

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Matt Calderone
Monetate
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