BURLINGAME, CA and ANN ARBOR, MI – September 22, 2003 – Coremetrics, the leading provider of marketing analytics solutions, and ForeSee Results, leader in online customer satisfaction management, today announced a strategic partnership that offers companies a deeper, more robust understanding of online visitor behavior through the integration of behavioral and attitudinal customer data. Under the terms of the agreement, Coremetrics and ForeSee Results will join forces to integrate their complementary services and provide a solution that enables businesses to gain deeper insight about the website experience for specific user segments, including where visitors go within a web session and why; which aspects of the experience matter most in driving overall satisfaction; and visitor's intentions including online and offline purchases and future website visits.
Coremetrics was recently named the sole market leader in an industry report on web analytics conducted by Forrester Research, and provides the industry's only online marketing analytics platform that captures and stores all customer and visitor clickstream activity to build LIVE (Lifetime Individual Visitor Experience) Profiles that serve as the foundation for all successful e-business initiatives. ForeSee Results will integrate LIVE Profile data from Coremetrics with ForeSee Results' in-depth customer satisfaction analysis to provide a solution for helping businesses understand how the online customer experience - such as navigation, search and pricing - impact customer satisfaction and future behaviors such as purchases, returns to the website and referrals. ForeSee Results employs the proven scientific methodology of the University of Michigan's American Customer Satisfaction Index (ACSI), to accurately and reliably predict the impact of the drivers of customer satisfaction online on overall satisfaction, which in turn directly impacts future customer spending and behaviors.
The partnership between Coremetrics and ForeSee Results provides a strategic diagnostic tool to identify which aspects of the web experience matter most to a company's user segments that hold the greatest economic potential as defined by the LIVE Profile behavioral data, which can be used to guide web initiatives and establish ROI for web investments. Coremetrics will market this new application under the name LIVEsurvey, which complements the company's suite of LIVEapplications.
"ForeSee Results supplies the insight into customer perspectives that truly complements Coremetrics' LIVE Profile technology and service offerings," said Larry Freed, CEO of ForeSee Results. "Our partnership will enable companies to find out why certain site visitor segments visit particular web pages or leave the site at a certain point, and can gain insight into what aspects of the website need improvement to achieve the greatest gains in customer satisfaction, future purchases and site visits. It will help companies take website management to a higher level by linking attitudes and actions in a way that can greatly accelerate their business goals."
"Coremetrics has established market leadership because we are the only company to provide LIVE Profile data that allows our customers to easily segment groups of visitors based on any number of behavioral variables," said John Squire, vice president of business development at Coremetrics. "LIVEsurvey is yet another example of how Coremetrics LIVE Profiles can fuel analytical and operational applications within the enterprise. This detailed level of user data has enabled us to forge strategic alliances with market leaders like ForeSee Results. By extending LIVE Profiles, our partners are able to easily integrate profile-based, behavioral user segment data to help our joint clients improve profitability."
About ForeSee Results
ForeSee Results is the market leader in online customer satisfaction
management and specializes in converting satisfaction data
into user-driven web development strategies. Using the methodology
of the University of Michigan's American Customer Satisfaction
Index (ACSI), ForeSee Results has developed a model that scientifically
quantifies the elements that drive online customer satisfaction
and predicts future behaviors such as purchase, return site
visits, or recommend. ForeSee Results, a privately held company
co-founded by Compuware Corporation and CFI Group, is located
in Ann Arbor, Michigan and can also be found on the web at
www.foreseeresults.com.
About Coremetrics
Coremetrics is the leading provider of web analytics solutions.
The company's flagship product, Coremetrics Online Analytics
2004, is the industry's only online marketing analytics platform
that captures and stores all customer and visitor clickstream
activity to build LIVE (Lifetime Individual Visitor Experience)
profiles that serve as the foundation for all successful e-business
initiatives. With Coremetrics Online Analytics 2004, online
marketers, IT managers, and e-commerce executives are able
to attract and convert high value visitors, increase customer
lifetime value, and create a multi-channel view of customer
behavior. The company services over 150 unique brands online,
including AT&T, Bank of America, Columbia House, CompUSA,
Eddie Bauer, HPshopping, Mastercard, Motorola, Neiman Marcus,
Victoria's Secret, and Williams-Sonoma. Coremetrics is headquartered
in Burlingame, California with offices in Austin, Texas and
Portland, Oregon. The company is privately held with funding
from Accel Partners and Highland Capital Partners. To learn
more about Coremetrics, visit www.coremetrics.com or call
877-721-CORE.
Coremetrics has strongly supported online privacy since its
inception. To learn more, visit www.coremetrics.com/company/privacy.
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Coremetrics is the trademark of Coremetrics, Inc. Any other marks used in this document are trademarks or registered trademarks of the manufacturers or marketers of the products with which the marks are associated.
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