Although Massachusetts’ unemployment rate has been decreasing over the past several months, it will still take a substantial amount of hiring before unemployment returns to a desirable level. Tewksbury’s TimeTrade Systems Inc. has announced that it will be doing its part to help out by allocating some of the $5.6 million it acquired in a recent inside round of venture financing to hire sales and marketing personnel. (Image courtesy: http://bit.ly/aPJM1K)TimeTrade Systems specializes in “web-based software products designed to support service appointment scheduling for large enterprises.” Including the most recent round of funding, TimeTrade Systems has raised over $18.7 million since its inception in 1999.
“I was pleased that we were able to raise substantially more than we targeted,” said Ed Mallen, CEO of TimeTrade Systems, in regards to this month’s new funding. “I believe this financing round solidly reflects the continued confidence and support of our investors and their belief in the growing role online appointment scheduling will play as a central element in the fabric of the Social Web and the increasing importance of online connections to how companies do business with other companies and with consumers.”
In addition to offering entry-level sales and marketing jobs,
TimeTrade is looking to fill some senior positions. Currently, the company is seeking software architecture directors as well as senior account executives. Beyond hiring, TimeTrade plans to use its new funding to expand its software package.“TimeTrade delivers tens of millions of appointments each year for our largest customers and we are excited about making this capability more readily available to more sales and marketing teams--to help them accelerate the sales cycle, while also improving customer satisfaction that will drive loyalty and repeat revenue,” CEO Mallen said. (Image courtesy: http://bit.ly/cbOPiy)
Exceeding its anticipated funding goal is great news for TimeTrade. Clearly, investors feel confident in the company’s future. TimeTrade will have to ensure it spends its funding wisely, so future investing rounds will prove equally as successful and the company can continue its impressive expansion.
[Sources: http://bit.ly/9J4m1l, http://bit.ly/baUMW0, http://bit.ly/aPJM1K]
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