SAN FRANCISCO, CA--(Marketwired - Jul 8, 2014) - Vista Partners announced today that it has updated coverage on Accelerize New Media, Inc. ( OTCQB : ACLZ ) ("The Company," or "ACLZ") and maintains its twelve-month price target of $2.50. Ross Silver, Principal Analyst at Vista Partners, stated, "ACLZ aims to take advantage of the boom in internet advertising through the operations of CAKE, their proprietary Software-as-a-Service ("SaaS") marketing platform which offers campaign management solutions to businesses involved in online performance-based marketing." Mr. Silver continues, "The Company has experienced significant revenue growth over the past few years. Their SaaS revenue has increased from $482K in 2010 to ~$9.7M in 2013. ACLZ experienced a 66% year over year revenue growth rate in 2013 versus 2012 revenues. The significant growth the Company saw in 2013 was driven organically by a 55% increase in the average number of clients and a 25% increase in the average revenue per client."
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