TechTarget Much Better Positioned to Withstand Recession than in 2008

Technology Sales and Marketing Services vendor TechTarget ($TTGT) believes it is in a much stronger marketplace and revenue position than in 2008, the last recession not caused by a pandemic. It has shifted away from economically sensitive brand revenues to a “robust product suite, which allows us to address the evolving needs of our customers.”  As a result, brand revenues have declined from 30% of total revenue to 10% since 2009.

TechTarget is fundamentally much stronger than in 2008.  It has trebled its revenue over the past fourteen years and doubled its Adjusted EBITDA margin.  In 2009, the firm had virtually no long-term contracts; now, 42% of revenue is associated with longer-term contracts.  Other positive signs: TechTarget has grown its customer base from 1,000 to 3,200 customers and is much less reliant on legacy global customers, reducing its revenue share from 32% to 20%.  Furthermore, its largest customers have shifted from hardware to cloud and software vendors with subscription customers.  Whereas its top customers in 2009 suffered revenue downturns, its current customer base is more likely to struggle to grow revenue than to suffer declining revenue.

“The modernization of the sales and marketing organization is a strong and durable trend.  It is hard to compete in today’s IT market without a data-driven go-to-market strategy,” argued CEO Michael Cotoia on TechTarget’s Q3 earnings call earlier this month.  “As the leading provider of first-party purchase intent data in the enterprise IT market, we will continue to benefit from this trend.”

Priority Engine

Priority Engine, its subscription sales intelligence platform, grew revenues by 15% last quarter.  TechTarget will continue to invest in Priority Engine after doubling the number of engineers working on the product in 2022.

In 2023, Priority Engine will further bolster its Salesforce integration with “bi-directional data flow, campaign orchestration from within Priority Engine, additional program impact reporting, market insights to inform marketing and sales outreach, and alert-driven account and prospect intelligence for our sales users.”

Priority Engine also plans to ingest Salesforce data for analytics dashboards around ROI, open pipeline, and won/lost opportunities.   The dashboards will answer the question, “how do we set up our sales reps within our customers’ environment to make the most appropriate and relevant follow-up?”

“We also want to make sure that we are working with our customers to provide more insights across their total campaign with TechTarget, both on the sales side and on the marketing side.  So, what you’re doing with their lead generation and demand gen, their content, their branding, the visitors on their website to really bring that end-to-end view into Priority Engine to help fuel and help modernize…both sales and marketing.”

TechTarget CEO Michael Cotoia

The firm sees significant opportunity for growth in TechTarget’s sales-specific module, which is still in the early adoption phase as it was rolled out less than a year ago.

TechTarget does not break out the number of customers licensing Priority Engine or the Priority Engine sales module.  However, CFO Daniel Noreck said that the module is “growing nicely but still a small base.”

More broadly, the firm has 3,200 customers, but there are over 18,000 global technology companies with at least $50 million in annual revenue, providing plenty of market opportunity. 

“We believe most of those companies are good candidates for the Priority Engine sales module,” stated Cotoia.  “While we expect that our rollout to those customers will be slowed by macroeconomic weakness in the short term, we think the long-term opportunity is enormous.”

Content to Close

TechTarget’s fastest-growing service is Content Enablement which powers its Content to Close strategy.  In conjunction with its customers, TechTarget produced content “to fuel their marketing and sales outreach.”  The service is aligned with the growing focus on self-service research among younger purchasing and business professionals.

“Most technology companies’ current go-to-market strategy is very sales rep heavy. We believe this approach is going to need to transform in the coming years to adjust to the changing buyer dynamics.  The companies that win business will have a comprehensive content strategy to effectively influence buyers before their sales reps get involved.”

TechTarget CEO Michael Cotoia

The acquisitions of Enterprise Strategy Group (“ESG”) and BrightTALK have “uniquely positioned” TechTarget to support growing self-service requirements.  Content Enablement via these subsidiaries will continue to be an “aggressive” investment area.

TechTarget also believes it has a market advantage due to its opted-in, privacy-compliant intent data sets gathered from its B2B media websites and BrightTALK.  Cotoia argues that customer sensitivity to privacy issues and growing government regulations will offer an ongoing competitive advantage for its intent data from permission-based audiences owned and operated by TechTarget.  This advantage “will become even more apparent when Google eliminates third-party cookies.”

TechTarget will continue to look for acquisitions like BrightTALK and ESG that expand the firm’s product capabilities.  It is also interested in acquiring vertical media companies like Xtelligent Healthcare that expand the firm’s TAM into verticals that share similar attributes as Enterprise IT: significant purchase price, complex buying process, long lead times, and large buyer teams.

Healthcare Intent

TechTarget recently integrated XTelligent Healthcare intent into Priority Engine, creating a sales intelligence solution for HealthTech and Healthcare.

Priority Engine for Healthcare Highlights for Top Accounts.

Priority Engine for Healthcare supports over 400,000 opted-in healthcare contacts, including Providers, Health Systems, Payers, Pharmaceuticals, Life Sciences, Accountable Care Organizations, and Federal/State Healthcare Agencies.  TechTarget claims that 90% of the US healthcare system is covered.  Xtelligent said its audience contains “70% Business & Finance Executives and Clinicians who have critical involvement across healthcare technology purchases that are becoming increasingly complex.”

To demonstrate confidence in the company, TechTarget began a new stock buyback program to repurchase up to $200 million in common stock and convertible debt over the next two years.

The Seismic Enablement Cloud

The Seismic Enablement Cloud

Seismic rolled out the Seismic Enablement Cloud, an enablement platform for customer-facing teams.  The new service ensures that team members have the “right skills, content, tools, and insights to effectively engage customers and drive growth.”  Instead of offering a set of point solutions for content, training, and engagement, Seismic claims it is the first unified enablement platform that supports digital interactions across the entire buyer’s journey.

“For more than a decade, Seismic has helped develop and shape the enablement industry in partnership with our 2,200+ customers.  Leading organizations view enablement as mission-critical to their growth, and it has become a core part of the enterprise tech stack.  Now we are revolutionizing the space by bringing all of the pillars of modern enablement under one, unified cloud,” said Seismic Chief Product Officer Krish Mantripragada.  “In this new era of selling, customer-facing teams need more than content management and basic analytics to engage today’s buyers.  The Enablement Cloud redefines the boundaries of enablement, delivering the most comprehensive suite of products and solutions to empower the entire go-to-market engine.”

The Seismic Enablement platform supports “end-to-end workflows,” including

  • Enablement and training strategy and Planning
  • Sales Content Management from building content through asset sharing, including content recommendations, personalization, and social sharing
  • New hire onboarding, ongoing training, and AI-assisted coaching and skills development
  • Buyer experience personalization across all touchpoints and digital channels, including social media, email, and digital salesrooms
  • Content Automation with dynamic templates and quick assembly, with support for data integrations.
  • Insights concerning the “behaviors, activities, and content that increase productivity and deliver the best outcomes”
  • Integration support for over 150 solutions, including Salesforce, Microsoft, and Google

“Just as sales and marketing clouds have brought together several complementary products and solutions to address the needs of their respective teams, we see a similar need and opportunity for the enablement cloud – a dedicated platform purpose-built to empower enablement and GTM teams to deliver exceptional end-to-end buyer experiences,” blogged Mantripragada.  “The Seismic Enablement Cloud redefines enablement by bringing together historically siloed systems for sales content management, learning & coaching, strategy & planning, content automation, buyer engagement, and enablement intelligence into one enterprise-grade platform that supports end-to-end workflows for GTM teams.”

Seismic includes Lessonly (a recent acquisition) pitch training.

Highspot $248M Series F

Sales Enablement Platform vendor Highspot closed on a $248 million Series F that valued the firm at $3.5 billion, up from its February valuation of $2.3 billion.  The firm, founded in 2012, has raised $648 million to date.  The round was led by B Capital Group and D1 Capital Partners, with Iconiq Growth, Madrona Venture Group, Salesforce Ventures, Sapphire, and Tiger Global Management also participating.

“Technologies that unlock human potential are foundational to our economic future,” said Rashmi Gopinath, General Partner, B Capital.  “Highspot’s undeniable performance, coupled with the enthusiasm of their customer base, is a testament to how transformative their technology is for companies across industries and geographies.  We believe Highspot’s platform is an imperative for businesses aiming to drive sustainable growth.”

Highspot will deploy the funds to hire additional staff and open offices in the EMEA and APAC regions.  The firm, which doubled in size over the past two years to 800 employees, plans to add 500 staff over the next twelve months.  Highspot is based in Seattle, with offices in London, Munich, and Paris.

The pandemic accelerated demand for digital platforms such as Highspot as “road warriors have become home warriors,” said Wahbe.  In addition, the shift from traditional selling to digital required new tools and skills.  “Salespeople have to be better than ever in holding the attention of the customer.”

“Even before the onset of the pandemic, buyers were trending toward self-reliance with a plethora of resources at their fingertips, researching vendors on their own time and relying on salespeople as mere transaction facilitators,” Wahbe told VentureBeat via email. The sudden shift to a remote business landscape caused by COVID-19 accelerated this trend, and now modern buyers prefer — and expect — fully virtual sales … A handful of sales tech companies anticipated the trend toward digital selling and strategically designed their products to help turn salespeople from transaction helpers into heroes. Highspot is one such company.”

Highspot CEO Robert Wahbe, “Highspot raises $248M to bolster sales enablement using AI,” VentureBeat (January 13, 2022)

The firm, which has over 170 open positions, is broadly hiring across engineering, product, design, marketing, and sales.

“We see an incredible opportunity in front of us,” said CEO Robert Wahbe. “We need to continue to invest very significantly and invest in our go-to-market team, invest in our product, and [invest in] the capabilities of our product.”

Last month, Highspot announced a quartet of executive hires:

  • Arvind Prakash, Product Management VP: Prakash is a global product and technology leader with over twenty years of experience at Compass, Expedia Group, and Microsoft.
  • John Zhang, Engineering VP: Zhang held Engineering roles at Microsoft, Twitter and Weibo.
  • Julie Valenti, Account Management VP: Valenti has over twenty years of experience running customer-facing teams at DocuSign, Oracle, Responsys, and Yesmail.
  • Kelly Lewis, Revenue Enablement VP: Lewis joins with over 15 years of experience in revenue leadership and technology sales.  Lewis is a former Highspot customer joining from Amwell.

Highspot supports content recommendations, content engagement analytics, sales training, and sales coaching

The recently launched Highspot Marketplace is a partner exchange for marketing, sales, enablement, and customer success partners.  Companies can import packages of content, tools, and training from two dozen partners, including Sandler, Challenger, and Winning by Design.

Highspot Sales Training Dashboard

Highspot has grown revenue 935% over the last three years and posted an Annual Recurring Revenue net retention rate of 130% over the past year. 

Last year, platform usage increased 150%, with Highspot providing training to eight million salespeople, channel partners, service reps, and customers in digital sales experiences.  Highspot counts DocuSign, General Motors, Nestle, Siemens, and Verizon Media among its 700+ customers.

Wahbe envisions the firm going public but did not set an IPO timeframe. “Our focus continues to be on building a significant company in the enablement space,” said Wahbe. “We’re focused on growing the company, which of course then enables us to go public.”

Mediafly Revenue360

Mediafly recently released Revenue360, a revenue intelligence service that combines “content engagement, buyer intent, and sales activity data for a 360-degree view of opportunity and account health in one visual dashboard.”  The solution helps revenue teams assess opportunity health, improve forecasting, and accelerate revenue.

The dashboard brings together Mediafly’s content analytics with sales activity captured from Salesforce, SAP, or Microsoft Dynamics and 6sense intent data.  Mediafly argues that a broader view of engagement is required for analyzing deal health.

“Many companies claim to have revenue intelligence capabilities, but their solutions provide users with only partial intelligence.  In a digital selling environment, sales organizations can no longer rely solely on what happened in the meeting to accurately gauge opportunity health. They also need to understand how buyers engage with content outside of live sales interactions. With the most robust content engagement analytics in the market, Mediafly is uniquely positioned to bridge the gap, offering revenue teams full visibility into insights derived from engagement – or lack thereof – with the content that is presented, shared, and available online.”

Mediafly CEO Carson Conant

Mediafly argues that content engagement is a missing element in deal health analysis, with the average B2B Buyers consuming thirteen pieces of content across their journey.  Mediafly captures content consumption regardless of channel (e.g., in a content hub on the website, presented in a sales meeting, sent as a follow-up). In addition, Mediafly captures the assets viewed, time and duration viewed, and whether it was shared.

“A wealth of data often goes unnoticed in sales pipelines,” said Tom Pisello, chief evangelist at Mediafly. “Unfortunately, many companies rely on partial insights from CRM or qualitative feedback from sales reps following their meetings. While these insights are helpful, revenue teams have an opportunity to secure a holistic view of the entire deal pipeline, breaking down silos and gaining perspective into the overall health of an account. The addition of Revenue360 allows us to consolidate data and provide prescriptive recommendations unlike any platform on the market.”

The service is in limited release, with full availability planned for later this quarter.

NetLine Lead Management Platform

Buyer-level intent data vendor NetLine rolled out its Lead Management Platform, a SaaS solution for capturing B2B leads and amplifying marketing content.  The Lead Management Platform, which was initially developed for tier 1 B2B media companies, supports centralized lead capture, qualification, routing, and analytics tied to amplification campaign capabilities.

“The platform is entirely focused on helping marketers more efficiently translate their gated content experiences into more efficient outcomes,” explained NetLine’s Chief Strategy Officer David Fortino to GZ Consulting.  “If and/or when the Marketer has the need to increase lead volume beyond what their own channels can support, they can simply convert their inbound oriented campaign already built within the interface, add a budget, and tap into NetLine’s audience for on-demand scale.  No IOs, no negotiations, no phone calls.  Simple on-demand access to [the] largest B2B lead generation platform on the web.”

NetLine immediately matches visitors against its 52 million global B2B contact database (60% US) via cookies or email addresses.  In addition, lead forms are both customizable and dynamic, allowing companies to specify which information is to be captured and dynamically removing fields in its form display.

NetLine claims that over 70% of its audiences are immediately recognized so that there is zero or limited typing required.  Most users will be required to enter only five to seven fields, a significant reduction in data entry versus traditional and non-predictive forms.  And because data entry is reduced, abandonment rates are lower, generating a higher return on marketing spend.

The lead forms are content-form agnostic.  A common format can be deployed against all content, including webinars and virtual experiences, resulting in a standard data capture format for all content categories.  Forms are also customizable, supporting both basic themes and white-labeled user experiences that match corporate templates. 

Fortino emphasized that no coding is required, allowing marketers to test and roll out their solutions quickly.  “Unlike other data enrichment technologies, all of which are restricted to API deployment, we designed the product to support the needs of a nimble marketer ready, willing, and able to move without reliance of developers and/or the need to schedule a project. Our goal was to offer B2B Marketers with the ability to launch a content-centric, white-labeled, gated content experience with system-level enrichment and on-demand scale in minutes.”

When a form is submitted, NetLine auto-generates confirmation emails and shares data with enterprise software platforms, including Salesforce, HubSpot, Eloqua, Marketo, and ON24. In addition, dynamic filtering removes leads that are poor candidates from being distributed to downstream systems.  As a result, the content is fulfilled, but low-quality leads are not passed downstream.

The Lead Management Platform lets marketers amplify content to targeted audiences with an open auction CPL pricing.  Marketers “simply convert native campaign, add budget, and gain immediate access to the largest volume of content-generated B2B buyer-level data on the web, where more than 700,000 first-party leads are generated across more than 300 industries each month.”

Amplification is targeted, with ads displayed based upon geography, company size, function, and level.  Marketers may also upload company names or domains for targeted ABM campaigns.

CPL pricing begins around $4 per lead, subject to a monthly budget.

“Before today, B2B Marketers needed at least a handful of technologies to run their lead gen programs: software to capture, enrich, scrub, filter, fulfill, report within their own sites and an entirely different suite of vendors to amplify their content beyond the reach of their inbound forms,” said Fortino. “Now, B2B Marketers can do it all with one simple self-service interface. Whether they want to centralize lead capture or create a hub for qualification, routing, analytics, and companion content amplification campaigns, the platform does it all, allowing B2B Marketers to reduce their costs while simultaneously becoming more efficient in the process.”

A free version supports up to five campaigns and 100 leads per month with dynamic forms, integrations, and reporting.  The Standard version, priced at $49 per month, supports 50 campaigns, 500 leads per month, and custom colors and styles.  For enterprise marketers, the Pro edition, priced at $199 per month, supports unlimited campaigns and leads, fully customizable branding, and one custom domain with unlimited sub-domains. Both monthly and annual pricing are available, with annual pricing discounted by 20%.

Seismic Interactive Content

Sales Enablement vendor Seismic released Interactive Content, a set of microapps and LiveContent presentations that lets remote sales reps “come close to mimicking an in-person environment, in which they are adapting to buyer reactions and feedback in near real-time.”  Interactive Content helps revenue organization deliver “immersive, engaging” digital experiences “with just a few clicks.”

A Tiled integration supports Seismic microapps that delivers “memorable evergreen content like digital brochures, pitch decks, 3D interactive visuals, and more.”

“Microapps unleash creative storytelling.  Organizations that deliver their messages in conversational, self-directed ways will win.  Those that don’t will be left behind,” said Tiled CEO Darrell Swain.  “Linear content will ultimately go the way of print.  We are moving into an experiential era that requires a new interactive content format that allows for the creation of rich, immersive experiences, without the need for code.”

Tiled microapps deliver “immersive experiences” with “evergreen content that captures buyers’ attention.”  The apps are interactive and drive engagement through stories “that resonate in a way buyers will remember.”

Seismic describes microapps as “a new content type that combines the interactivity of a mini-website or an app with the ease of document delivery.  Use cases include event invites, digital product brochures, buyer’s guides, and eBooks.

The microapp builder resides within Seismic’s Content Manager and supports drag n’ drop, interactive ‘tiles’ that deliver content as “scrollable image galleries and panes, in-line videos, quizzes, and more.”  The builder is a no-code service that supports adaptive display across mobile, desktop, and tablets.  Microapps may be reviewed and approved before publishing to targeted audiences.

While microapps support one-to-many interactive communications at the top of the funnel, LiveContent supports one-to-one, personalized communications at the bottom of the funnel.  LiveContent is built with familiar authoring tools that “easily transform traditional presentations into personalized, memorable, dynamic stories.”  Content is delivered in an “always-on” mode, as it is “intended to be.”

Seismic LiveContent converts standard presentations with embedded animations, transitions, videos, GIFs, and voiceovers “delivered remotely, exactly how a seller would deliver in person: in presentation mode.”  Seismic stores the original presentation file, allowing content creators to update LiveContent presentations based on page-by-page engagement analytics quickly.  The initial release supports Microsoft PowerPoint, but additional presentation formats will “follow soon.”

“Presentations are not intended to just be scrolled through,” said Seismic CEO Doug Winter.  “LiveContent allows a buyer to engage with a presentation remotely in a similar way that a seller would engage a buyer in person.  With our Summer 2020 release, we are bringing sales content to life.”

According to Seismic, interactive content is preferred to static material, with double the conversion rate of “passive” content.  91% of buyers prefer interactive/visual content and are twice as likely to share interactive content.  81% of marketers agree that interactive content grabs attention, and 45% believe that its effective for educating prospects (vs. 6% for static content).  88% contend that it is effective at differentiating the brand.

The CSO Insights 2019 Sales Enablement report found that 57.7% of buyers saw little difference between sellers with vendors blending together.  Only 31.9% of buyers felt that at least one vendor succeeded in differentiating itself.

Interactive content supports flexible navigation allowing reps to quickly transition to relevant use cases, products, or services during sales conversations.  “You can get a broad set of content—as large as any slide deck—and deep content that drills down into the details of your business solutions,” blogged Seismic Senior Content Manager Neicole Crepeau.  “But it doesn’t have to feel burdensome, and it can be easy to navigate in the middle of a meeting.”

Users can embed questionnaires, videos, assessments, and calculators.  They can let clients drive the discussion, “asking them to enter information or answer questions and choose what they want to know more about,” continued Crepeau.  “By flipping the conversation and putting the customer in the driver’s seat during a meeting, you ensure engagement and that you’re truly talking about topics that resonate with the prospect.”

“Buyer expectations are high, and if the content brands are serving them is not relevant or engaging, they will disregard it.  Today it’s not just about what you say; it’s also how you say it.  Content fatigue and information overload have become particularly pronounced in our new all-digital work environment.  Sellers and marketers are in need of content types that captivate their audiences and move them through the buyer journey faster.”

Seismic CEO Doug Winter

Interactive Content will be available as an add-on service.  Seismic does not disclose its pricing.

6Sense – PathFactory Partnership

Content intelligence vendor PathFactory announced a partnership with ABM Orchestration vendor 6Sense to “give marketers complete visibility into the quality of account engagement, as well as what content and topics are accelerating them through their customer journey.”

The new partnership taps 6Sense’s account identification capabilities and combines it with PathFactory’s content consumption data, providing richer account engagement intelligence.  “They can even watch a buying committee’s activities populate and track their journey in near real-time,” said PathFactory.  Account intelligence is synced with the CRM and displayed to sales reps, helping them understand which content and topics resonated at target accounts.

PathFactory offers a set of content tracks, either defined by marketing or PathFactory’s AI.  Content tracks are a sequence of relevant content associated with specific calls to action.  Content tracks “keep people engaged longer and helps them self-educate” while encouraging them to “binge on your content.”  By assessing which individuals and accounts are binging on account tracks, PathFactory can determine when accounts are “getting serious.”  Highly engaged accounts are more likely to turn into deals.  

Content insights suggest the next best content and next best action, with PathFactory personalizing content tracks in real-time.  PathFactory tracks engagement at both the individual and account level while assessing content attributes such as type, topic, and reading length.

“While B2B marketing organizations have invested heavily in ABM over the past several years, many marketers still struggle to successfully execute campaigns, scale programs, and report on results.  We are confident this integration will give marketers the unprecedented ability to optimize the customer journey and generate revenue from their ABM efforts.”

Dev Ganesan, CEO of PathFactory

PathFactory clients do not require a separate 6Sense license.

“PathFactory and 6sense are marrying two of the most critical data sets necessary for successful ABM execution,” said Jason Zintak, CEO of 6sense.  “With 6sense’s industry-leading account identification capabilities and PathFactory’s content consumption data, sales and marketing teams can get deep insight into anonymous buying behavior of individuals and accounts, and deliver hyper-personalized content journeys.”

PathFactory placed 186th on Deloitte’s Fast 500 list, and Gartner named them a Cool Vendor in their 2019 Technology Marketing category.

6Sense recently closed on a $40 million Round C.

Outreach Makes LinkedIn’s Hot Companies List

Seismic content can be included in Outreach email templates.

On Wednesday, I congratulated Drift and Cognism for making the LinkedIn Hot Companies list. Somehow I missed that Outreach also made the US list at #50. Perhaps I stopped looking at #49.

So congratulations to CEO Manny Medina and the team at Outreach. The Sales engagement firm has been going head-to-head with SalesLoft to become the leading vendor in its category.

Outreach is based in Seattle and reached unicorn status earlier this year, a rather impressive feat for a five-year old company that doesn’t rent scooters. It is on track to hit 450 employees by the end of the year and has doubled its revenue growth each year since 2016.

Outreach has 3,500 customers including Adobe, DocuSign and eBay.

One area of rapid growth is in its Galaxy partner ecosystem. New partners include Seismic, BombBomb, and Sendoso.  The Seismic integration allows reps to insert Seismic content into emails and multi-recipient sequences via a Seismic icon.  Reps are notified when prospects view content, allowing them to “transition the prospect into a high-priority, more personalized Sequence.”  Sales reps can also send follow-up content after a successful demo or meeting and modify messaging based upon which Seismic content is resonating.

BombBomb supports personalized videos which are inserted into sequences.  When a recipient watches the video, reps can trigger an urgent call task or place the viewer into a high-touch sequence.  Recorded videos and screen captures are also supported.  BombBomb is priced at $29.99 per seat per month with volume discounts.

Sendoso supports sequences which include e-gift or direct mail steps.  Reps can also setup triggers when e-gift links are activated or direct mail items received. For example, I recently attended a trade show and received a box of mini-cupcakes afterwards with an accompanying note from the Sendoso sales rep.

Other new partners include Aircall, BigPicture, Crystal, Dooly, LeanData, LiftIQ, Nova.ai Intelligent Customer Management, OBMetrix by Iceberg RevOps, Reachdesk, RingLead, SnapApp, Sona, and TopOPPS.

How Not to Write a Press Release

Sanitized for your protection.

I’m not sure whether PR teams are getting worse or I simply read more press releases, but marketers have to start using Grammarly and observe basic grammar and style tips.

One issue is simply bad grammar. I write a weekly newsletter and most of the errors pointed out by Grammarly are found inside quotes derived from websites, collateral, press releases, and blogs. I wasn’t an English major, but many marketers were English or Humanities majors and should know better. It is easy to run your copy through a grammar/style checker.

B2B press releases are a prime example. They are often written by junior marketers with limited technical knowledge of the product. Unfortunately, press releases are reviewed by multiple departments with different perspectives and recommendations. The result is an often wordy, buzzword-filled press release that is incomprehensible to all but industry insiders (and sometimes we struggle as well).

I pulled the following opening paragraph from a press release (see image above) to call out common issues:

  • Long Titles — 120 characters is a Tweet, not a headline. BusinessWire suggests headlines run 70 or fewer characters. Google cuts headlines at 70 characters.
  • Buzzwords — “Account-Based Experiences,” “Predictive B2B Intent,” and “AI” are all found in the headline. I had to look up ABX. It is a variation on Account Based Marketing promoted by Adobe which recognizes that ABM is broader than marketing. So not only was the headline a buzzword salad, but one of the buzzwords wasn’t particularly buzzy.
  • Absurd Puffery — Puffery is a common practice in marketing so acceptable. Puffery that is bald-faced lying is simply ridiculous. You cannot credibly call yourself “the leading B2B Data-as-a-Service (DaaS) company” when you have 21 employees listed on LinkedIn and do not have the words B2B or DaaS on your homepage.
  • Muddled Opening Sentence — The opening sentence should be clear and capture the 5 Ws. It shouldn’t have nested parenthetical statements and be overly wordy. “Marketo LaunchPoint integration” is much clearer than “a new integration available through LaunchPoint by Marketo, an Adobe company.”
  • Failure to Proof Your Copy — Typos include misspelling a customer’s name (LogMeIzn), multiple TM symbols for the same product, failed parallelism in lists, and a colon after a preposition.
  • Poorly Named Products — eCHO is an affectation that reads as e-CHOW not Echo. It also needlessly drives spell checkers crazy. “eCHO Predictive B2B Intent for Marketo Engage” is a mouthful. How about simply “Echo Intent for Marketo Engage?”
  • Failure to Test Your Hyperlinks — A hyperlink to an information page takes the reader to a service login page.
  • Omit a Hyperlink to Your Home Page — Really?

Finally, can we improve the quotes put in the mouths of executives and alliance partners? They often sound like five people wrote a non-grammatical buzzword salad that says both everything and nothing. When I am quoted in press releases, I work closely with the company to ensure the quote is tight, grammatical, and meaningful. The draft quote is bounced back and forth several times with the vendor’s marketing team to ensure that each sentence and word adds value. Here is an example of a published quote and my rewrite:

“The best accounts to engage with are the ones that are already actively researching around your solution. eCho intent data from <Anonymous Grammar Offender> offers an opportunity for marketers to engage with accounts that have a high propensity to buy, ultimately delivering a more qualified pipeline to sales and increasing the speed of the sales process.”

Press Release Quote

eCho intent data from <Wordy Vendor> identifies accounts that are actively researching solutions like yours. eCho delivers an actionable set of highly qualified, engaged leads which help sales reps exceed quota.

My Alternative Press Release Quote

A press release is a key messaging opportunity. Failure to follow basic rules of grammar and clarity tells customers, partners, and prospects that you are a lazy company that cannot be counted on to do the basics. That is marketing malpractice. It would be akin to showing up late to an interview with a stained shirt and a sense of entitlement.

Salesgenie UI Enhancements & Platform Upgrades

The new Details / Profile page provides a combined list view and detailed profile view to expedite list analysis and qualification.
The new Details / Profile page provides a combined list view and detailed profile view to expedite list analysis and qualification.

Sales intelligence service Salesgenie released enhanced UI and platform upgrades which increase “system speeds and overall productivity.” Other enhancements include a streamlined details / profile page for reviewing prospecting lists and a file library for organizing sales and marketing content within Salesgenie and InfoUSA products.

The new File Library provides a centralized content store for sales and marketing professionals which can be quickly accessed within email campaigns. Content is available within both personal and shared team folders. Shareable content includes logos, images, HTML, PDF, Word documents, and Excel spreadsheets. Content is shared as hyperlinks.

“This is great for keeping sales quotes, pricing templates, and marketing efforts organized in Salesgenie,” said VP of Product Neil MacLeod.

The customizable details / profile page, which will be available in early Q2, allows reps to review lists more efficiently. The new view “will give you access to the same in-depth data you have today, but it will allow you to stay on the same page as your results list,” Macleod told Salesgenie users. “That means no more going back and forth between pages while working on your leads. You can easily pop out new tabs for records that you want to return to later or keep open while you move through your list.”

Salesgenie, an Infogroup offering, is designed for both SMBs and enterprise sales teams. The service offers both business and consumer files along with New Businesses, New Homeowners, and New Movers. While the service was designed as a sales prospecting database, the service has broadened its functionality over the past few years:

  • Sales Engagement: email templates, notes, tags, dialer support, File Library
  • Marketing Tools: suppression files, lead enrichment, SEO, marketing design services, best prospect identification, direct mail marketing, display advertising
  • Mobile App: search near me, research and manage leads, map leads
  • Team Tools: lead assignments, activity tracking
  • Connectivity: Salesforce and MS Dynamics integrations, API

Separately, Infogroup announced that its business and consumer files now integrate with the Adobe Audience Marketplace. Marketers will be able to access Infogroup data within Adobe and perform data hygiene and enrichment on customer profiles.