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Allegiance Celebrates Third Straight Year of Triple-Digit Revenue Growth
Customer Wins, Key Partnerships and Strategic Acquisitions Solidify Market Leadership
| Source: Allegiance, Inc.
SALT LAKE CITY, UT -- (MARKET WIRE) -- March 8, 2007 -- Allegiance, Inc., the premier provider
of enterprise feedback management (EFM) solutions, today announced that the
company ended 2006 with its third straight year of triple-digit revenue
growth, increasing nearly 200 percent. Allegiance attributes the success to
strong demand for its customer retention, employee engagement, and
anonymous ethics reporting solutions; all part of the Allegiance Active
Listening System platform. Other significant contributors to growth include
establishing key partnerships and finalizing a major strategic acquisition.
Highlights for 2006 include:
-- Increased customer-base by more than 1,100 new clients;
-- Grew employee count by 500 percent;
-- Launched major update of the Active Listening
System, version 4;
-- Established strategic partnerships with Thomson Financial and SNL
Financial; and
-- Acquired leading phone-based ethics hotline provider, National
Hotline Services (NHS).
"Last year was a banner year for Allegiance. Our loyal customers have
helped establish our company as the leading provider of enterprise feedback
solutions with our key focus placed on helping them foster growth by
engaging their customers and employees," said Adam Edmunds, president and
chief executive officer of Allegiance, Inc. "Throughout 2006, we made
significant inroads into the financial sector, adding a number of large
regional banks and credit unions to our growing list of clients. We also
assisted organizations in healthcare, retail, and high-tech by providing
tools that capture, categorize, and report on valuable customer and
employee feedback; placing critical information at the fingertips of
decision-makers. Among our new customers are 3M, Comerica, Holy Cross
Hospital, Kenwood USA and Washington Trust Bank."
Edmunds added, "The acquisition of NHS adds strength to SilentWhistle, our
ethics hotline solution, positioning Allegiance as the leading provider of
governance hotlines, ethics reporting and whistle-blower solutions. In
addition, Thomson Financial will be a valuable partner for many years to
come as the importance of corporate governance, risk and compliance
continues to escalate. As we head into 2007, we are well positioned to
build upon last year's growth and anticipate we will recognize increased
dividends throughout the year from NHS and our new partners."
About Allegiance
Allegiance, Inc. is a leading provider of on-demand enterprise feedback
management solutions that drive growth and profitability through
improvements in customer and employee loyalty. The Allegiance Active
Listening System (ALS) is a suite of solutions that allows organizations to
collect real-time feedback from all points of customer and employee
interaction. ALS then analyzes, categorizes and routes the information to
the person responsible for providing a quick and appropriate resolution.
ALS is based upon proprietary methodology and technology developed through
university-level research and consulting with leading organizations in the
United States, Europe and Asia. Allegiance is located in Salt Lake City.
For more information, visit www.allegiance.com.