November 5, 2007; 09:23 AM
BILLERICA, MA --
Harte-Hanks (NYSE:HHS), a worldwide direct and targeted marketing company,
today announced that it was among 12 select companies invited to participate
in an independent report, "The Forrester Wave: Database Marketing
Service Providers, Q4 2007," (November 2007) also known as a Forrester
"Wave" report for its associated graphical depiction of leading
vendors in a designated marketplace. In this evaluation, Harte-Hanks
is cited as a "leader" among mid-market database marketing service
providers and a "strong performer" among enterprise database
marketing service providers.
In
this report evaluation, Harte-Hanks received the highest assigned score
among vendors evaluated in the categories of "current offering” for
mid-market capabilities, as well as the "clients" category related
to "market presence" for the mid-market evaluations. The
report states, "Although Harte-Hanks offers enterprise-level custom
database solutions, much of its recent focus and success stems from its
mid-market accounts."
According
to the report, "the mid-market is an industry focal point" representing
a large number of marketing database opportunities. This is attributed
to the fact "there are a limited number of very large banks, retailers,
and insurance companies that need and can afford the highest-end database
services. But there is a very large tier of companies at the next
level that can benefit from implementing a marketing database..."
"Our
vision for mid-market, multichannel database offerings resonates in the
marketplace, and we feel this report reflects our success in providing
organizations of all sizes with solutions that optimize customer relationships,"
said Frank Harvey, corporate officer and vice president, Harte-Hanks. "Our
clients choose us not only for our industry experience, but also because
of the deep knowledge and vertical expertise we bring to bear for them."
Forrester
also released a companion report, "Harte-Hanks Excels As A Midmarket
Database Marketing Service Provider, Q4 2007." In this report,
Forrester stated that, "Harte-Hanks offers the broadest range of capabilities
among the Wave vendors" while also acknowledging that the company,
"offers industry specific capabilities." When clients were
asked what they like best about Harte-Hanks, the "top two responses
selected by Harte-Hanks clients were 'quality of people/service' and 'consistency
of execution.'" Forrester also wrote “The company tracks revenue
and profitability on a vertical basis and hires senior staff with industry
experience in their given verticals. According to the report, clients
praised the company’s industry approach with one saying, "When I
talk to someone over there, I’m talking to someone who’s had my job."
Harte-Hanks
delivers database, analytic and marketing services expertise within numerous
industries, among them retail, financial services, healthcare and pharmaceutical,
high tech and telecommunications, and automotive.
Of
144 companies Forrester invited to participate in the "Database Marketing
Service Providers, Q4 2007" Wave report, ultimately only 12 vendors,
among them Harte-Hanks, met the selection requirements as specified by
143 weighted criteria. The evaluation was broken down into two assessments,
enterprise and mid-market. Forrester defines enterprise and mid-market
firms as those spending more and less than $1 million annually on all services,
respectively.
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