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SharpSpring Secures Record Number of New Customers in Q1 2016

GAINESVILLE, Fla., April 13, 2016 (GLOBE NEWSWIRE) -- SharpSpring, Inc. (NASDAQ:SHSP), a global provider of cloud-based marketing technologies, secured a record 250 new customer additions during the first quarter of 2016. The number of new customer additions was up 21% from the prior quarter and 70% over the same year-ago period. Expected annualized recurring revenue from the new customer additions totaled a record $1.75 million.

“Q1 was another record quarter for us in signing new customers, reflecting our accelerated sales growth, as we continue to convert more digital agencies onto our easy-to-use, flexible, and cost-efficient platform,” said SharpSpring CEO Rick Carlson. “This achievement was driven, in part, by our investment in sales and marketing resources in the last few quarters, as well as the growing overall demand for marketing automation solutions that can enhance and optimize companies’ marketing campaigns.”

During the quarter, SharpSpring added 201 customers through its U.S. sales distribution network and 49 customers through its international distribution network.

“We are excited about our strong start to 2016 and plan to build on our momentum during the rest of the year,” added Carlson. “With our upcoming launch of SharpSpring Mail+ and migration of the GraphicMail customer base over the next few months, we are well positioned to grow the SharpSpring brand to new levels in 2016 and beyond.”

About SharpSpring, Inc.
SharpSpring, Inc. (NASDAQ:SHSP) is a rapidly growing, global provider of cloud-based marketing and email software solutions, ranging from marketing automation to scalable transactional email, email marketing, and mobile marketing services. The company’s product lines, which include SharpSpring, SMTP and SharpSpring Mail+ (formerly GraphicMail), are known for their innovation, flexible architecture, ease of use, and cost-effectiveness — all backed by high-quality, multilingual customer support. Learn more at www.sharpspring.com, www.smtp.com, and www.graphicmail.com. (SharpSpring, Inc. was formerly known as SMTP, Inc., and traded under the symbol NASDAQ: SMTP.)

Company Contact:
Edward Lawton
Chief Financial Officer
617-500-0122
ir@sharpspring.com

Investor Relations:
Liolios Group, Inc.
Matt Glover or Najim Mostamand
949-574-3860
SHSP@liolios.com


Source:SharpSpring, Inc.