Marketwave Corp, the Seattle-based web mining and log analysis company has released first quarter results, but as it is still a private company, the numbers are short on detail. The company says first quarter sales were up 36% from the previous quarter and 113% from the year-ago quarter. The company would not divulge any top or bottom line numbers, but said the fourth quarter was a record quarter so the numbers do mean something. It says an IPO is the objective, but would not speculate on whether it would happen this year.
Marketwave says it is winning virtually every account we present to and claims that it secured 81% of the pitches it made last month for its two high-end web mining products, Hit List Live and Hit List Enterprise and it expects to secure all but one of the remainder this month. Hit List Live provides web site monitoring in real-time, while Hit List Enterprise links to Microsoft and Oracle databases to work out how the web traffic turned into sales, or not as the case may be. The company has two other, higher volume but lower margin log analysis products, Hit List Commerce and Professional.
