CAMBRIDGE, Mass., April 10, 2015 (GLOBE NEWSWIRE) -- SMTP, Inc. (Nasdaq:SMTP), a global provider of cloud-based email marketing technologies, announced today that its SharpSpring marketing automation product has recorded record new sales growth in Q1, adding 149 new customers representing over $1 million in annual recurring revenue during the first quarter. The rate of customer addition was 45% higher than sales in Q4, and 89% higher than Q3.
"This rapid acceleration in growth is a testament to the strength of the power and flexibility of the SharpSpring marketing automation platform, which continues to win customers from Hubspot and Marketo," said Jonathan Strimling, SMTP's CEO. "We are on track to achieve the target of $5 million in annual recurring revenues under contract by SharpSpring by the end of 2015, and our confidence continues to grow that we will overachieve relative to that target." In particular, SharpSpring achieved record-breaking sales in March, which accounted for 48% of the quarter's new customers.
Rick Carlson, SharpSpring's President, commented, "March was the first month where multiple international sales sourced via our international distribution network started to contribute meaningfully to new customer sales. We launched GraphicMail's international sales efforts in February, and with a sales cycle that typically runs 60-90 days, closing any deals at all in March was an accomplishment. Although international sales through this channel were just 12% of March's new customers, several international deals either closed or in the works have the potential to be far larger than our historic average deal sizes in the US."
About SMTP, Inc.
SMTP (Nasdaq:SMTP) is a leading provider of cloud-based email services offering solutions ranging from sophisticated marketing automation systems to cost-effective SMTP relay services. All of our services are built on our robust platform for email delivery, capable of scaling individual senders to hundreds of millions of emails per month. While we have industry-leading technology, we differentiate our offerings globally via our high quality service and multi-lingual support. SMTP, Inc. is headquartered in Nashua NH, and can be found on the web at http://www.smtp.com.
SharpSpring is a rapidly growing provider of marketing automation solutions with exceptional ease-of-use and a sophisticated feature-set. SharpSpring's unique unified architecture allows marketers to see all customer contact points in one fully-integrated system, including email, web, phone and sales interactions. In addition, its flexible platform and affordable pricing have made it one of the fastest growing providers of marketing automation.
SharpSpring is a wholly owned subsidiary of SMTP, Inc. and is based in Gainesville, FL. SharpSpring can be found on the web at www.SharpSpring.com.
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