Question-and-Answer Session
Operator
(Operator Instructions) The first question comes from the line of Nabil Elsheshai - Pacific Crest Securities.
Nabil Elsheshai - Pacific Crest Securities
On the customers I think you set previously a goal of something like 8-12. Is that something you are still comfortable with?
Daniel Fishback
I think we are going to be on the low end of that range but we are comfortable with that range.
Nabil Elsheshai - Pacific Crest Securities
You have made some good progress with Trade Point on the consumer product side. Have you made progress in getting some more anchor retailers signed up that obviously then network into some of the consumer products guys and related to that can you give me a percent of revenue from the trade point side?
Daniel Fishback
I’ll speak first to the momentum on the retail side relative to deal management. We made that announcement in our opening comments regarding Nash Finch and so that is another example. We continue to see what I would call strong pace of new retailers adopting Deal Management and certainly the emphasis on cost reduction, efficiency and collaboration is going on right now. We continue to see a lot of momentum there and candidly a lack of a commercial alternative to Trade Point is an advantage to us as well right now.
Mark Culhane
We said our CP revenue was 14% of revenue in the quarter.
Operator
The next question comes from Terry Tillman – Raymond James.
Terry Tillman – Raymond James
I know you were talking about unprecedented economic environment and I know Mark mentioned you were going to be towards the lower end of the 8-12. Is it safe to assume in terms of a 3-point growth strategy the biggest impact you see is on getting new logos, new large retailers? How does that relate to the resiliency and getting the add on sales whether it is the analytical packages or just the new CP relationships? I’m trying to understand the three growth strategies and what is more resilient in terms of getting business?
Daniel Fishback
Clearly in our Q3 that we just wrapped up we had a great quarter regarding renewals. So in a market of uncertainty going out into the market to get new customers in this kind of environment is always going to be more difficult not only for DemandTec but any technology company or for that matter any. So the fact that our customers are coming back and voting with their check book and renewing and buying add-on services we think is very, very key to the long-term viability of our franchise. At the same time to get back to growth rates that we believe we can sustain obviously we have got to hit on all three points of our strategy.
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