Despite Challenging Business Climate, Company Posts Double-Digit Revenue Growth, Increases Bookings, Expands Market Leadership and Market Share and Expands User-Base Across Talent Management and iContent Solution Lines
HRchitect featured Plateau in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top Learning Management Systems vendors that businesses should consider. Jeff Kristick, Senior VP of Marketing with Plateau, participated in the HRchitect WebMingle on April 3, 2009. Plateau Systems is also a sponsor and will participate in the Learning Management Systems panel on June 10, 2009 as part of theHRshow2009 event. If you are looking for a new Talent Management System, or any HR system, talk to HRchitect first. We have unparalleled knowledge of the HR and Talent Management vendor community and can save you time and money in selection and implementation.
Plateau Systems, a leading provider of talent management software, content and services, today announced that the company has again posted a double digit revenue gain for its fiscal 2008, with recurring revenues again comprising more than half of the company’s total revenues. Despite the volatile business climate that overshadowed much of 2008, Plateau saw worldwide revenue and customer growth across all product lines, solutions, geographies, market sectors and industries.
“Over the past eighteen months, Plateau has significantly expanded our talent management suite and increased our global customer footprint. We continue to deliver increasing value to both existing and new customers,” said Paul Sparta, Plateau’s Chairman and CEO. “Our ability to execute, grow our customer base and achieve sustainable EBITDA and GAAP profitability in a challenging economic environment, coupled with our impressive 99 percent customer retention rate, reflects Plateau’s sound management philosophy and validates the strength of our business plan and investment strategies.”
In 2008, more than 100 new customers licensed Plateau’s talent management solutions, bringing its total number of users to more than 10 million. During the year, the company continued to enhance its core talent management solutions with the release of Plateau Talent Management 5.8 Service Pack 5 (SP5), which delivered powerful and flexible talent planning and succession management capabilities through the Plateau Talent Management Suite. Key enhancements of SP5 include improved talent management planning, enhanced real-time visibility into talent management operations and additional learning evaluation capabilities. These expanded features allow Plateau customers to better maximize their company’s talent, make informed decisions about their employees and workforce and more effectively and accurately measure the value of learning for both the individual and the company.
The company also saw increased demand for and customer adoption of its popular iContent solution. iContent, the industry’s first and only Content-as-a-Service (CaaS) solution, is a comprehensive solution for content management and administration, providing a single point of procurement, centralized management, hosting and an all-inclusive service-level guarantee. iContent ensures customers have one point of access, and a central repository for all third-party and in-house content.
For more information on Plateau Systems, please visit www.plateau.com
Matt Lafata, HRchitect
