SharpSpring Expands Number of New Customers by 30% Year-over-Year for Third Quarter of 2016

More than 240 Digital Marketing Agencies and Businesses Selected SharpSpring in Q3 2016

GAINESVILLE, FL — October 27, 2016 — SharpSpring, Inc. (NASDAQ: SHSP), a global provider of cloud-based marketing technologies, secured 244 new customers for its flagship marketing automation platform during the third quarter of 2016, up 30% over the same period in 2015. Expected annualized recurring revenue from the new customer additions totaled approximately $1.7 million. The 244 new customers exceeded the company’s prior expectations and reflects continued strong market penetration into the digital marketing agency vertical.

“After a period of significant changes to our organization, we are encouraged to report another strong quarter of customer wins,” said company CEO Rick Carlson. “Although our team faced considerable distractions in the preceding months with the sale of a non-core business unit and a product migration, our new SharpSpring sales demonstrated strong year-over-year growth in Q3.  Our divestiture of the SMTP business unit is now behind us, and our resources are fully aligned behind our SharpSpring brand, and pursuing the large and growing opportunity in the marketing automation industry.”

To learn more about SharpSpring or signup for a demo, visit www.sharpspring.com.

About SharpSpring, Inc.

SharpSpring, Inc. (NASDAQ: SHSP) is a rapidly growing, global provider of cloud-based marketing automation solutions that enable businesses to improve lead generation and engagement to drive more sales.  The company’s product lines, which include SharpSpring and SharpSpring Mail+, are known for their innovation, flexible architecture, ease of use, and cost-effectiveness — all backed by high-quality, multilingual customer support. Learn more at www.sharpspring.com and www.sharpspringmail.com.

 

Company Contact:

Edward Lawton

Chief Financial Officer

617-500-0122

ir@sharpspring.com

 

Investor Relations:

Liolios Group, Inc.

Matt Glover or Najim Mostamand

949-574-3860

SHSP@liolios.com