Online Communities Experiencing Massive Growth
Lithium Technologies Sees 156% Increase in Members across Its Communities; Hits Milestone with 1.4 Billion Messages Read per Month
EMERYVILLE, Calif. – July 26, 2007 – Driven by the growing demand for enterprise communities and Web 2.0 technologies, Lithium Technologies, Inc. announced that it has well exceeded the one billion mark in messages read per month and cited a nearly 50 percent increase in new clients since January 2007 alone.
Among Lithium's new clients are industry powerhouses: Sprint, Fair Isaac, and DoubleClick. In addition to the increase in new customers, Lithium has also seen a 65 percent increase in the number of new communities it has launched since the first of the year. This increase is primarily due to many of its current clients like Comcast building additional online communities for new initiatives based on the success of their existing ones. In addition, activity within Lithium's communities has grown dramatically as well with a 2x increase in messages read per month and a 2.5x increase in users.
"We have seen a tremendous amount of interest in our on-demand community solutions during the past 12 months, which is reflected in the substantial increase in our client base and new communities already added this year," stated Lyle Fong, CEO of Lithium Technologies. "The momentum in this market has really been building, and we are excited about our growth and our client's growth."
"We also see more companies are recognizing the importance of online communities as knowledge and support centers for their customers, as well as destinations where they can strengthen customer loyalty. It has been great to see large companies embracing the power that online communities play in improving the overall experience for their customers."
About Lithium Technologies
Lithium Technologies provides market-leading solutions for building successful online communities including forums, chat, blogs, search, polls and private messaging. Lithium's on-demand platform, backed by community management expertise, enable clients to increase brand loyalty, sales, and customer satisfaction while decreasing customer care costs. Lithium's solutions have been implemented by many of the world's largest organizations, including Dell, Cingular, Comcast, Sprint, Nintendo, and others. Lithium is based in Emeryville, California and is backed by Emergence Capital and Shasta Ventures. For more information, visit www.lithium.com.
Lithium Media Contacts:
Michael Paige, Corporate Headquarters & Global, email@example.com , +1 (510) 318 7014
Sandra Teuber, Central & Southern Europe, firstname.lastname@example.org , +41 (79) 223 7356
Prelini Chiechi, UK & Northern Europe, email@example.com, +44 (7826) 912788
Imogen Riley, APAC & Australia, firstname.lastname@example.org, +61 413 274 210