Press Releases

Coremetrics Appoints Jeff Schmidt as Worldwide VP of Sales

Former WebEx Executive Joins Leading Digital Marketing Solutions Provider to Boost International Expansion and Spearhead Drive into New Markets

San Mateo, Calif.—June 27, 2006—Coremetrics™, the leading provider of on-demand Web analytics and precision marketing solutions , today announced that Jeff Schmidt has joined Coremetrics as worldwide vice president of sales. Schmidt brings over 15 years of information systems and technology experience to the Coremetrics executive team, having previously held senior positions with WebEx Communications, Blue Pumpkin Software, Lucent Technologies and Octel Communications. Schmidt reports directly to Joe Davis, CEO at Coremetrics, and will use his extensive expertise of growing successful on-demand businesses, and of building sales, marketing and operational teams at an international level, to drive the next phase of the company's growth.

"Having established Coremetrics as a leader in its field on a domestic level, we're now actively pursuing global opportunities within the digital marketing space, most recently having opened an office in the UK," said Joe Davis, CEO at Coremetrics. "Jeff's extensive experience, specifically his deep knowledge of how to successfully expand an on-demand business model, and his work with large corporations on an international level, will be key to implementing our aggressive overseas growth plans and entry into new industry sectors. I look forward to working with him to achieve even greater success on a global stage."

Schmidt was previously vice president of the enterprise business unit at WebEx, a worldwide leader in online meeting applications, where his main responsibilities included contributing to strategic and operational planning, implementing and executing to market expectations and ensuring that annual plans were well designed. He also held various other roles at WebEx, including vice president and general manager, Asia Pacific and Japan, having established the company's Asia Pacific operation; and he also created the WebEx Global Channel & Alliances program. Schmidt was a key contributor to the company's success when it was named one of the Forbes 25 Fastest Growing Technology Companies (2003-2005), and during this time, company revenues grew from approximately $140 million to over $308 million.

Prior to WebEx, Schmidt served as vice president and general manager, The Americas, at Blue Pumpkin Software, and also as director of global account sales for Lucent technologies. Schmidt has also held senior positions at Octel Communications and VMX Systems, Inc. He holds a BA in Communications, Sales and Marketing from California State University , Northridge.

"Having worked with several global businesses, I know first-hand the intricacies and challenges involved with expanding sales and revenue for a growing company," said Jeff Schmidt, worldwide vice president of sales for Coremetrics. "Coremetrics is already a leader in its field and has an unrivalled track record as a digital marketing expert, so I am excited to be helping the company maximize new opportunities in other industry sectors and international markets."

About Coremetrics
Coremetrics is the leading provider of on-demand web analytics and precision marketing solutions, offering the industry's only web analytics platform that captures and stores all customer and visitor clickstream activity to build LIVE (Lifetime Individual Visitor Experience) Profiles. Representing the single most accurate and comprehensive source of online customer data, LIVE Profiles serve as the foundation for all successful digital marketing initiatives. Coremetrics services more than 600 brands and has delivered over $300 million in documented ROI in the past two years. Coremetrics is also the integrated web analytics solution for IBM WebSphere Commerce, delivering a best-of-breed multichannel business analytics solution. The company is privately held with funding from Accel Partners, FTVentures, and Highland Capital Partners and is headquartered in San Mateo, California. 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/privacy.

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