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Deem Continues Strong Network Growth in Q4 2014

SAN FRANCISCO, Jan. 23, 2015 (GLOBE NEWSWIRE) -- Deem, the leading Commerce as a Service (CaaS) company, today announced strong Q4 2014 growth across its network which enables businesses to save, sell and syndicate, resulting in lower costs, higher revenue and deeper customer loyalty. Deem's Q4 growth built on the momentum from the past year, adding thousands of new merchants and customers and growing the Deem network to more than 25,000 customers and 10.5 million SKUs from more than 100,000 merchants.

"2014 was a year of renewed focus and clarity, systemic operational transition and market vindication for our company," said Patrick Grady, founder and CEO, Deem. "The continued growth we saw in Q4 and throughout 2014 across all aspects of our network validates the vision we laid out when we undertook the massive recapitalization of Deem in 2013. We strive to be the most trusted and valuable commerce partner to our customers and our continued growth and the addition of key strategic partners will help us realize our mission in 2015 and beyond."

New customers saving on the Deem network from Q4 include Hubbell Inc. and The Energy Project amongst others. Deem also closed Q4 with signed partnership agreements from numerous new strategic partners.

New merchants selling on the Deem network from Q4 include Rosetta Stone, Steiner Sports, Ticketmonster.com, The Marvel Experience Tour, Little Giant Ladders, and "Lennon: Through A Glass Onion," a critically-acclaimed John Lennon Tribute show currently playing in New York City.

About Deem

Deem is a leading cloud and mobile commerce company that connects a large and diverse ecosystem of customers, merchants and partners across a one-of-a-kind Commerce-as-a-Service network, enabling them to lower costs, increase revenue and deepen customer loyalty. Deem serves companies from SMBs to the largest Fortune 500 multinationals and counts more than 25,000 business customers, 100,000 merchants and 10 million SKUs across its network. Deem's investors include Hony Capital, Fidelity, PointGuard Ventures, Foundation Partners and Oak Investment Partners. For more Information visit www.deem.com.

CONTACT: Owen Remeika 415.579.5332

Source:Deem, Inc.