DemandTec Announces Creation of DemandTec Foundation |
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By: DemandTec, Inc. Posted: 2008-04-10 04:55:51 |
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DemandTec, Inc. (Nasdaq: DMAN), a leading provider of on-demand merchandising and marketing software services for retailers and consumer products companies, today announced the creation of The DemandTec Foundation, designed to enrich and enhance the communities in which DemandTec employees live and work.
The DemandTec Foundation will focus primarily on math and science education as well as youth development. The DemandTec Foundation is a corporate advised fund administered through Silicon Valley Community Foundation (SVCF), and was created in close partnership with SVCF and Entrepreneurs Foundation, two well-respected local institutions. "Being good corporate citizens is important to our people, and as we grow as a company we want to reinforce that culture," said Suzanne Valentine, VP of Merchandising Analytics at DemandTec. "The DemandTec Foundation will provide a platform to strengthen and accelerate our community involvement in areas where we have the potential to make a meaningful impact." DemandTec employees are active in a diverse set of company and community activities supporting not only education but also sustainability and basic human needs. The company's signature program, The DemandTec Retail Challenge, has fostered interest among Bay Area high school students in the application of mathematics and science to solve real-world business problems; this program is being expanded nationally this year with the help of key retail partners. "DemandTec is a terrific example of a company that has from an early stage included the broader community as a stakeholder. The creation of the DemandTec Foundation is an extension of a corporate value that has been demonstrated for years. Entrepreneurs Foundation is proud to be DemandTec's partner to develop a comprehensive philanthropic strategy," said Diane Solinger, Executive Director, Entrepreneurs Foundation. For information on how to make a contribution to The DemandTec Foundation, please contact Suzanne Valentine at DemandTec (650) 226-4600. About DemandTec DemandTec's on-demand software services empower retailers and consumer products companies to optimize merchandising and marketing decisions and collaborate in order to achieve their revenue, profitability and sales volume objectives. DemandTec (Nasdaq: DMAN) has managed more than one million trade promotion deals between retailers and their manufacturer partners. DemandTec customers include leading retailers such as Advance Auto Parts, Best Buy, Circle K Stores, Delhaize America, Giant-Carlisle, H-E-B Grocery Co., Monoprix and Safeway, as well as more than 100 consumer products companies. For more information, please visit http://www.demandtec.com. About Silicon Valley Community Foundation The merger of Community Foundation Silicon Valley and Peninsula Community Foundation took effect on January 1, 2007, creating Silicon Valley Community Foundation, a catalyst and leader for innovative solutions to the region's most challenging problems. Serving all of San Mateo and Santa Clara counties, the new community foundation is among the largest community foundations in the nation, with more than $1.9 billion in assets under management and 1,500 philanthropic funds. In a region known for innovation in business and technology as well as philanthropy, the new community foundation will address local needs and support Silicon Valley's charitable giving to causes locally, nationally and around the globe. The integration marks the first merger of equals involving two of the country's leading community foundations and sets new precedent in the philanthropic sector. Find out more at http://www.siliconvalleycf.org. About Entrepreneurs Foundation Entrepreneurs Foundation is dedicated to designing, executing and enhancing corporate citizenship and philanthropic efforts of high growth companies so that new and leveraged resources are generated for community benefit. Since inception, Entrepreneurs Foundation's 700+ participating companies have created corporate philanthropic foundations and community programs that are making a positive impact in the social sector. To date, EF and its participating companies have engaged 24,000 employees who have contributed more than $15 million to support 500+ social benefit organizations, worldwide. For more information about Entrepreneurs Foundation, visit http://www.efbayarea.org. DemandTec and the DemandTec logo are registered trademarks of DemandTec, Inc. All other trademarks are the property of their respective owners. |
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