7 Billion People, Inc.
WebLegend
- Conference
- DEMO 09
- Market Segment
- Enterprise Software and Services
- Funding Amount
- $5,000,001-$10,000,000
- Funding Round
- Series B
- Funding Details
- Series A: $2 million from the Heritage Opportunity Fund; Series B: $3.8 million from SmithCo Investments, Heritage Opportunity Fund
- Competitors
- No direct competitors. Secondary competitors include Omniture, Sitebrand, Certona, Unica and Interwoven.
- Product Description
- WebLegend takes e-commerce to the next level by replacing the one-Web-fits-all approach with a dynamic, personalized Web experience. With an average of 97 out of every 100 shoppers abandoning their online shopping carts, e-retailers are missing a massive opportunity to close transactions with the visitors who are already on their Web sites. Using the same techniques proven to work in face-to-face selling, WebLegend increases conversion rates up to 50 percent by providing each shopper with the information they need to complete the transaction.
- Market Opportunity
- According to Forrester Research, U.S. online retail reached $175 billion in 2007 and is projected to grow to $335 billion by 2012. Internet Retailer reports total retail in the U.S. in 2007 grew at 3.8 percent, e-retailing grew at 21.8 percent and the top 500 e-retailers grew at an impressive 22.0 percent.
- DEMO Says
- For many reasons, online shopping still isn't what it should be. Countless companies have tried to crack the nut but we really like the approach of 7 Billion People. WebLegend recognizes the psychology behind buying behaviors and is aligning content to fit an individual's personal shopping profile. Where you click on a site, how you search for an item, how you react to an ad - it's all factored into a sophisticated analysis that presents you with a shopping page that just makes sense.
- Contact
- Kent Nutt
- kent@7bpeople.com
- Company Address
-
11130 Jollyville Rd., Suite 302
Austin, TX 78759 - Primary Phone
- 512-583-0339
- Primary Fax
- 512-583-0346
- URL
- www.7bpeople.com
- Officer One
- Mark Nagaitis - CEO
- Officer Two
- Trevor Pokorney - COO
- Officer Three
- Bill Minnis - Chief Scientist
7 Billion People Unveils Innovative Web Personalization Software at DEMO 2009
Managing Automation ~ 03/13/2009
WebLegend dramatically increases e-commerce conversion rates through a dynamic, deeply...Read More