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Where Art & Science Collide: From
New Sales to Renew Sales
Jay Ackerman, Chief Renewal Officer & EVP of Customer
Success, ServiceSource
Marc Cannon, EVP of Client Services, Bazaarvoice
Gabriel Szulik, VP of Renewal Programs, Red Hat
Themes we will be covering

Finding overlooked
opportunities

1

Using different
metrics

Get your entire
organization aligned
around doing things
differently
Who is ServiceSource?
$9 Billion
$10 Million

1999
2013
2
New versus renew
New
sale

20X the data

40X the
transactions

3

Renewal
sale
01010
01010101010
01010101
01001010101
01001010100
01100010100
Bazaarvoice Overview
By 2016 an estimated

52%

of total online and
offline retail sales will
be influenced by
Internet content(1)

1. Source: Forrester Research

5
Vision:

Connect and amplify
all the voices of
the market

Mission:

Change the world
one authentic
conversation at a time
Makers

Sellers
Buyers
Red Hat Overview
November 2013
Company Overview
The World’s Open Source Leader
ïŹ

Provide reliable and high performing cloud, virtualization, storage, LinuxÂź, and
middleware technologies

ïŹ

>$1.3B in annual revenue

ïŹ

S&P 500 company trades on NYSE under ticker RHT

ïŹ

Market Capitalization more than $8 Billion

ïŹ

Headquarters in Raleigh, NC with approximately 80 worldwide offices

ïŹ

Long History of Operating Profitability and Strong Cash Flows

ïŹ

Approximately 6,000 Employees Worldwide
9
Open Source Drives Innovation

10
Red Hat Portfolio

11
The renewals challenge

It’s a data
problem
12

It’s a timing
problem

It’s a volume
problem
Deconstructing renewal rates leads to
opportunity
Company A

Resolution
Rate
95%

Closure
Rate
x

93%

Conversion
Rate
90%

80%

Conversion
Rate

x

Net Renewal
Rate

Net Renewal
Rate

150%

80%

Company B

Resolution
Rate
60%
13

Closure
Rate
x

89%

x
Evolution of customer deployments

Lay the foundation

14

Unwind bad habits

Get strategic
It’s a big opportunity!

$30B

15
Take a hard look
at your business.

16
#1
Don’t let the
numbers lie to you.

17
#2
Question the
status quo.

18
#3

What could you do
with 10-20%
increase in renewal
rate?

19
HOME
RUN!

20
For inquiries and additional information about
ServiceSource please visit -

http://www.servicesource.com/

21

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