Gartner Names Contact Network a "Cool Vendor in Social Network Analysis"
Report Highlights Contact Network's Simplicity and Value; Traction With Customers
Boston, MA - March 26, 2004 - Gartner, a world-leading research and advisory firm, today named Contact Network Corporation, the leading provider of enterprise contact collaboration solutions, a "Cool Vendor in Social Network Analysis."
The report, designed to highlight interesting, new, and innovative vendors, focused on Contact Network's strong market traction, ease of use by buyers and end-users, value proposition, and focused solution.
"We're very pleased to be recognized by Gartner," said Geoffrey Hyatt, CEO of Contact Network Corporation. "Gartner has a long history of seeing great technology early."
Gartner's report looks at social networking technology as a possible solution to the stretching of traditional social networks within companies. It highlights Contact Network Corporation as an application focused on high-value business needs: finding and leveraging useful but hidden contacts within an enterprise.
The report concludes that Contact Network's "easily deployed solution ... for high-value activities makes it worthwhile for many enterprises that don't prefer having to rely on luck when selling their products and services to new customers."
About Contact Network's Application
The Contact Network search is a high-ROI tool that companies use to speed sales cycles, increase close rates, improve business intelligence, and enhance cross-selling by helping employees find useful contacts among their coworkers. Users simply enter a target person, company or industry and the search results instantly provide a ranked list of colleagues that may have useful contacts. They then request introductions from their colleagues. Personal privacy is guaranteed because private contact information is never disclosed by the system; colleagues retain control and choose to share their relationships on a case-by-case basis. All participants can set their privacy settings and level of sharing.
The ranking of search results is based on a proprietary algorithm that scores recent email traffic, electronic address book entries, employment history, and a variety of third-party and proprietary contact management systems. The application requires no training to use and data input is 100% automated.
The Contact Network application v3.1 is available now and provided to enterprises for a monthly subscription fee, which includes installation and full support. For more information on the product, pricing and its immediate positive ROI, visit contactnetworkcorp.com, email , or telephone directly at (617) 224-9917.
About Contact Network Corporation
Contact Network Corporation is the leading provider of enterprise contact collaboration solutions. The Contact Network application, the first corporate social networking software, enables leading professional service firms, Global 1000 sales forces, and major universities to better utilize their extended relationship network to generate sales, facilitate networking opportunities, and improve knowledge sharing within a secure, private internal network. Contact Network Corporation is a Boston-based, privately-held company.