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High-Tech Service-Contract Company ServiceSource to Open Denver Office

Posted on: Thursday, 18 May 2006, 12:04 CDT

By Beth Potter, The Denver Post

May 17--With several big technology clients in Colorado, including Qwest and Sun Microsystems, service-contract company ServiceSource said this week it is opening a Denver office with 25 workers.

The San Francisco-based company expects to hire another 100 people at its downtown Denver office in the next six months, spokeswoman Carole Sinclair said.

ServiceSource sells support and maintenance contracts to customers of high-tech companies, Sinclair said. The company reported $1.2 billion in equipment maintenance contracts in 2005. ServiceSource collects a portion of that revenue; the remainder goes to its high-tech clients.

"We're doing really well because we're picking up this little piece of sales that companies neglect because they want to focus on new sales," Sinclair said.

ServiceSource's new Denver office is one signal that the Colorado economy is expanding, said Tom Clark, director of economic development at the Denver Metro Chamber of Commerce.

"They're beginning to be the harbinger of larger deals, so we would consider that a significant expansion in the place of the (economic) cycle where we are right now," Clark said.

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Source: The Denver Post

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