TimeTrade Systems, Inc.

TimeDriver

Conference
DEMO 08
Market Segment
Small Business Software and Services
Funding
TimeTrade raised a $1.9 million Series A round in 2000 and a $5 million Series B round in 2003 from angel investors. TimeTrade reached cash flow breakeven and profitability in early 2006. TimeTrade closed its first venture capital financing in September 2007 with a $5.4 million Series C expansion round from Ascent Venture Partners.
Competitors
No direct competitors. Indirect competition comes from SFA and CRM vendors such as Siebel and Pivotal and from appointment storefront vendors such as Appointment-Plus and AppointmentQuest.
Product Description
TimeDriver is a new kind of sales tool that lets users proactively invite customers and clients to schedule an appointment. By embedding a “schedule now” button in email messages and on Web pages, users can provide a compelling call-to-action for scheduling a demo, support call, consulting session, interview, briefing and other interactions. TimeDriver borrows rulesbased scheduling technology from TimeTrade’s Enterprise Scheduling Application used by organizations such as Charles Schwab, Sears, PETCO, Quest Diagnostics and Harvard.
Market Opportunity
TimeDriver is on-demand software (software-as- a-service [SaaS]) for sales and support professionals – IDC estimates the SaaS market to be $10.7 billion worldwide by 2009. Ideal also for small businesses and self-employed professionals offering appointment-driven services, the U.S. market is approximately 17 million users based on U.S. Labor Department statistics.
DEMO Says
In a typical week, I have about 20 meetings with people outside my company, each easily necessitating three or four emails to setup. TimeDriver eliminates that mail and opens my calendar to the people who want to get on my schedule. It’s simple to use and delivers tremendous value. For professionals whose business inventory is time, TimeDriver is an invaluable tool to market and manage a schedule.
Contact
Cindy Johnson
cindy.johnson@timetrade.com
Company Address
100 Crosby Dr
Bedford , MA 01730
Phone
781-541-5800
Fax
781-541-5095
URL
www.timetrade.com
Corporate Officers
Ed Mallen, President & CEO Marco Peterson, Chairman


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