Demandbase and Web Forms

Demandbase Unveils New Web Service to Dramatically Decrease Web Site Abandonment and Increase Online Conversion Rates
Demandbase Real-Time ID Service Now Increases Registration Rates and Lead Quality for B2B Marketers

SAN FRANCISCO, CA — October 13, 2010 — Demandbase, Inc., a technology company providing marketing performance-improvement solutions, today announced the availability of a new Real-Time ID Service for Web Forms, enabling B2B marketers to overcome low customer conversion rates and poor data quality common in online marketing. Marketers can plug the API-based web service into existing online forms and instantly see higher ROI on any program that relies on web site visitors to submit information, including Google paid search, email, webinars, banner ads, social media and other lead generation programs. This latest product launch follows the Demandbase API for LivePerson web chat, driving higher sales and support sufficiency for online chat.

“B2B Marketers are faced with poor cost-per-lead metrics relative to their B2C counterparts, and are still struggling with how to monetize web traffic into actual sales leads.” said Chris Golec, CEO of Demandbase. “So many marketing and lead gen campaigns depend on visitors completing some kind of registration, inquiry, or lead form for success. With more than 97 percent of visitors lost, web form abandonment becomes the Achilles heel for B2B marketers.”

The Real-time ID Service for Web Forms plugs in to existing forms to identify businesses and critical company or account information. This enables significantly shorter forms that more visitors will complete because information like company address, industry, revenues, or number of employees can simply be appended in the background. With the amount of information often requested of Web visitors–frequently more than ten questions–typically only two to three percent of web visitors will bother to complete the form. In addition, a large portion of information entered by visitors is either inaccurate or inconsistently formatted, making it difficult for marketers to merge into CRM and Marketing Automation systems for retargeting or qualification for sales follow up. The Demandbase Real Time ID Service for Web Forms greatly increases both the accuracy and the quantity of information on a potential lead that is fed in to sales and marketing databases.

“The improved conversion rates, increased data quality, automated data hygiene, and deeper information made possible by the new Real-Time ID Service offers ‘no brainer’ economics for any B2B marketer that cares about lead volume, cost per lead, and, ultimately, revenue,” added Golec.

Leading marketers are adopting the Real-Time ID Service to advance their online marketing performance results. “Demandbase’s new Real-Time ID Service provides deeper web site visitor intelligence which drives faster conversions, higher quality leads and lower costs per lead,” said Lisa Kost, vice president of corporate marketing and global field marketing for ArcSight. “Demandbase has helped us fine-tune the front end of our demand generation engine and increase our pipeline velocity while improving efficiencies between our sales and marketing teams.”

The real-time identification of key accounts is made possible by Demandbase’s Business Resolution Platform, which uses proprietary algorithms that intelligently combine a database of 800 million IP addresses across North America and Europe, over 30 million business contacts, and information from social networks critical for business including Facebook and LinkedIn. This multi-tiered process ensures that target accounts are identified by Demandbase in a fraction of a second and appended with the most current information, fully standardized for CRM and marketing automation systems. The cloud-based service has matched more than 1 billion visits in 2010 and currently identifies more than 100 million businesses every month without the use of cookies or tracking personal information.

About Demandbase
Demandbase is the leader in Account-Based Marketing (ABM) and an indispensable part of the B2B tech stack. The company offers the only end-to-end ABM platform that helps B2B marketers identify, win and grow the accounts that matter most. The biggest and fastest-growing companies in the world, such as Accenture, Adobe, DocuSign, GE, Salesforce, and others, rely on Demandbase to drive their ABM strategy and maximize their marketing performance. The company has been named to the JMP Securities list “The Hot 100: The Best Privately Held Software Companies,” the Deloitte Fast 500, and named a Gartner Cool Vendor for Tech Go-To-Market. In 2019, Demandbase executives authored the definitive book on ABM, Account-Based Marketing: How to Target and Engage the Companies That Will Grow Your Revenue. For more information, please visit or follow the company on Twitter @Demandbase.

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