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FunnelSource Acquires PipeShot to Enhance Forecasting Offering

SAN FRANCISCO, Jan. 25, 2017 (GLOBE NEWSWIRE) -- FunnelSource, a leading pipeline management and forecasting solution, today announced that it has acquired PipeShot, a company that helps sales teams forecast more accurately using a combination of scientific and gut-driven approaches.

Through this acquisition, FunnelSource expands its forecast offering to support both a bottom-up, data-driven approach as well as a top-down, gut-driven methodology.

John Hanna, CEO of FunnelSource says, “We are extremely excited about the synergies between FunnelSource and PipeShot. As the top-rated pipeline management and forecasting app on the Salesforce AppExchange, FunnelSource was looking to enhance its forecasting suite to meet the evolving needs of high-performing sales organizations. PipeShot is a perfect complement to our existing technology -- it adds flexibility that customers demand, especially those requiring manual forecast and override submissions with history tracking.”

FunnelSource has grown organically with no venture capital funding and has been profitable and debt-free for the past five years. With the all-cash acquisition of PipeShot, FunnelSource is poised to gain market share through continued growth and customer success.

About FunnelSource
FunnelSource is a leader in delivering pipeline management and forecasting solutions to businesses seeking to improve sales effectiveness. Its customers range from venture-backed startups to Fortune 500 companies, and all have turned to FunnelSource to maximize the potential of their pipelines and teams. For more information, please visit:
http://www.funnelsource.com.

About PipeShot
PipeShot is a forecasting application that leverages a combination of scientific and gut-driven data points to help deliver an accurate forecast at every level of the sales organization. For more information, please visit:
http://www.pipeshot.com

Press Contact: (800) 395-7085 press@funnelsource.com

Source: FunnelSource