Taleo Delivers Strong Third Quarter Results …from Taleo

October 29, 2009

 

Posts Record Revenue of $50.7 Million; Generates $13.6 Million in Cash Flow From Operations; Adds More Than 40 New Performance Management Customers; Increases Sales Across Enterprise Segment for Full Talent Management Suite of Solutions

HRchitect featured Taleo in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. Taleo participated in the Talent Management Systems panel and Talent Acquisition Systems panel on June 10, 2009 as part of theHRshow. Kevin Marasco, VP Brand Marketing with Taleo will appear on the HRchitect WebMingle on November 6, 2009. 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.

Taleo Corporation (NASDAQ: TLEO), the leading provider of on demand talent management solutions, today announced its financial results for the quarter ended September 30, 2009.

Summary quarterly highlights:

–  GAAP revenues of $50.7 million for the third quarter of 2009, an increase of 9% year-over-year.

–  GAAP application revenue increased to $44.9 million, growth of 20% year-over-year and 5% quarter-over-quarter.

–  GAAP net loss of $(1.1) million or $(0.04) per share.

–  Non-GAAP net income of $6.7 million, or $0.20 per fully diluted share.

–  Cash flow from operations of $13.6 million; total year-to-date cash flow from operations increases to $30.1 million.

–  Signed 167 new customers, including 17 new Taleo Enterprise customers and 150 new Taleo Business Edition customers.

–  Closed 7 large enterprise deals with annual contract values in excess of $250,000.

–  Signed more than 40 new performance management customers across both enterprise and SMB segments, increasing the company’s total performance management customer base to more than 160.

–  Announced an agreement to acquire the remaining shares of strategic partner Worldwide Compensation, Inc.

–  Launched the Talent Grid ‘cloud community’ set of online exchanges to the market, and announced plans to deliver Taleo 10 in the fourth quarter of 2009.

“Strategic talent management is driving innovation, growth and business success for companies of all sizes,” said Michael Gregoire, Taleo Chairman and CEO. “Those that are locking in their growth plans for 2010 are choosing Taleo to transform how they optimize their businesses by using the most advanced talent management system, Taleo. An example of this is Harris Teeter, the grocery store chain, which standardized their recruiting on Taleo in Q2 2008, and based on the positive impact on their business, expanded their use of Taleo this quarter.”

Significant achievements included:

–  Acquired 17 new enterprise customers, and closed 7 large enterprise deals with annual contract values in excess of $250,000. New enterprise customers include: Cognizant Technology Solutions, Shaw Industries, U.S. Cellular, Lifespan, Xcel Energy, Itron, Atmos Energy, and Centegra Health System.

–  Signed 150 new small and medium-sized customers. Taleo Business Edition, a talent management solution targeted at companies with less than 5,000 employees, now has more than 3,500 customers. New Taleo Business Edition customers include: Skymall, Medical Management Resource Group, Wesley Homes, vCustomer Corp., RQ Construction, Lakeside Schools, TIB Bank, Talyst and Communications Infrastructure Group.

–  Received Human Resource Executive magazine’s Product of the Year award for Taleo Perform, the company’s performance management solution for small-to-medium sized businesses.

–  Continued momentum in enterprise talent management suite sales. Sales this quarter included both new and existing customers, with several long-standing Taleo recruiting customers choosing to power their talent management initiatives with Taleo’s performance management solutions and new customer Penske Truck Leasing selecting Taleo to start with a unified offering.

–  Strong quarter in new performance management deals across both enterprise and SMB segments. Taleo now has more than 160 performance management customers, up from roughly 120 at the end of the second quarter of 2009. New enterprise performance management customers include: RSC Equipment Rental, SavaSeniorCare, Talisman Energy and a Fortune 500 customer closed through IBM.

–  Hosted its annual user conference, Taleo WORLD, in Las Vegas to its largest audience of customers, prospects, partners and industry influencers.

–  Announced plans to deliver to market a complete Talent Management suite of solutions for enterprise and small-to-medium sized businesses, called Taleo 10. The enterprise solution includes a unified interface across all components, and new capabilities in recruiting, development planning, and also mobile/social networking enablement. The SMB solution will add compensation management functionality. Taleo 10 is expected to be generally available in the fourth quarter of 2009.

–  Launched the Talent Grid to offer customers and partners online access to a broad collection of talent management domain expertise.  The Talent Grid is comprised of the Knowledge Exchange, providing an online customer community for best practices; the Solution Exchange, providing a wide range of partner solutions; and the Talent Exchange, providing a global network of candidates and careers.

–  Announced plans to acquire the remaining shares of strategic partner Worldwide Compensation, Inc., adding best-in-class compensation management functionality to our suite of unified talent management applications.

–  Continued to achieve Vurv customer conversions and commitments to convert to Taleo. Recent Vurv customers committing to Taleo include: Northrup Grumman, Perot Systems, Magellan Health Services, Adventist Health System, United Stationers, Harland Clarke and Total System Services.

Taleo delivered the following financial results:

Revenue: Total revenue for the third quarter was $50.7 million, representing an increase of 9% on a year-over-year basis. Application revenue for the third quarter was $44.9 million, an increase of 20% on a year-over-year basis.

Net Income (Loss) and Net Income (Loss) Per Share to Common Stockholders: Net loss was $(1.1) million for the third quarter, compared to a net loss of $(5.9) million for the same period last year. Net loss includes $3.6 million in amortization expense related to the acquisition of Vurv, stock-based compensation expense of $3.1 million and $1.1 million of other expense related to the write-off of the Worldwide Compensation purchase option. Net loss per share was $(0.04) for the third quarter of 2009 based on 30.9 million weighted average shares outstanding compared to a net loss per share of $(0.20) for the same period in 2008 based on 29.4 million weighted average shares outstanding.

Non-GAAP Net Income and Non-GAAP Net Income Per Share: Non-GAAP net income was $6.7 million for the third quarter of 2009, compared to non-GAAP net income of $5.1 million in the same period last year. Non-GAAP net income includes amounts excluded from GAAP revenue due to the write down of the deferred revenue associated with purchase accounting for the Vurv acquisition, and excludes stock-based compensation expense, amortization of acquired intangibles, restructuring and severance expense and the write-off of the Worldwide Compensation purchase option. Non-GAAP net income per fully diluted share was $0.20 for the third quarter of 2009 based on 33.9 million weighted average shares outstanding compared to non-GAAP net income per fully diluted share of $0.15 for the same period in 2008 based on 33.3 million weighted average shares outstanding.

For more information on Taleo, please visit www.taleo.com

 

Matt Lafata, HRchitect

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On the Move: Kenexa Revolutionizes Recruiting with Enhanced Support for Mobile Devices…from Kenexa

October 28, 2009

 

New Functionality Enables Recruiters, Hiring Managers and Job Candidates to Connect on the Go

HRchitect featured Kenexa in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Kenexa participated in the Talent Management Systems panel and the Talent Acquisition Systems panel on June 10, 2009 as part of theHRshow event. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009. 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.

Industry researchers agree that the proliferation of mobile devices around the globe has resulted in significant productivity increases – up to 15% – for organizations of all sizes. Kenexa (NASDAQ:KNXA), a global provider of business solutions for human resources, is further optimizing these gains by announcing its enhanced support for mobile offerings such as the iPhone, Smartphone, BlackBerry, etc. This functionality will enable Kenexa users to access its solutions from mobile devices, anywhere, anytime. With Kenexa’s collaborative capabilities, corporate recruiters and hiring managers can use their mobile devices to contact job seekers and schedule interviews. Job candidates can apply for a job opening with just a few clicks on their mobile devices.

Upcoming hiring company-side features consist of mobile contact management, including the capability to review candidate and contact candidates with a click; the ability to advance candidates through the application workflow and provide increased visibility to candidates in real-time; approval of requisitions using mobile devices; and the means to view “unified talent records” – for internal and external candidates – on the go. Upcoming candidate-side features include the ability to view available positions at a company’s career site; apply to jobs and submit cover letters with a click; and access other relevant candidate features from any location.

Rudy Karsan, chief executive officer, Kenexa, said, “Kenexa is accelerating the delivery of additional mobile capabilities to further revolutionize the job search and recruiting process. With growing market demand for anytime, anywhere solutions, it’s a natural progression of our product development to once again take the leadership position and provide increased mobile functionality to the market.”

For more than 10 years, Kenexa has delivered innovative, secure mobile technologies for its award-winning solution Kenexa Recruiter BrassRing, including its patented e-Link requisition approval solution, which enables hiring managers and recruiters to work together via mobile devices. Kenexa has also been lauded for its proven Mobile Recruiter offline functionality, which means users in global markets with unpredictable broadband access can work offline and synchronize with the application at a later time. 

Kenexa’s new extended functionality in Kenexa Recruiter BrassRing will be available in early 2010 at no additional cost to existing users. Benefits include: 

  • Reliable delivery of content to millions of job seekers, as well as recruiters
  • Extended reach of recruiters and hiring managers beyond the Web; opens new talent pools for hard-to-fill jobs
  • Leverage of Kenexa Recruiter BrassRing’s market-leading EEOC data collection and compliance features

For more information on Kenexa, please visit www.kenexa.com

 

Matt Lafata, HRchitect

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Taleo Named to Deloitte Technology Fast 500…from Taleo

October 25, 2009

 

Ranked as One of the Fastest Growing Technology Companies in North America

HRchitect featured Taleo in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. Taleo participated in the Talent Management Systems panel and Talent Acquisition Systems panel on June 10, 2009 as part of theHRshow. Kevin Marasco, VP Brand Marketing with Taleo will appear on the HRchitect WebMingle on November 6, 2009. 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.

Taleo Corporation (NASDAQ: TLEO), the leading provider of on-demand talent management solutions, today announced it has been named to the Technology Fast 500, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008.

“Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, Vice Chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. “We congratulate Taleo on this accomplishment.”

“With its impressive five-year growth, Taleo has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, Managing Partner, Technology and Venture Capital Services, Deloitte & Touche LLP. ”Deloitte is proud to honor Taleo for its achievement.”

Taleo’s software helps organizations around the globe to better find, understand and engage their key performers and drive business growth. Accordingly, a recent survey by PricewaterhouseCoopers found that the number one priority of 97% of global CEOs is to find and retain top talent. This prioritization has helped drive Taleo’s growth.  The company’s leadership in this software sector continues with the recently launched Taleo 10 talent management solution and online ecosystem, the Talent Grid, enabling customers with both product and perspective to drive better business success.

“Inclusion in the Technology Fast 500 is nice validation of our business, stability and commitment to innovation,” said Michael Gregoire, Chairman and CEO of Taleo. “As the economy recovers and CEOs move from cost-cutting to growth, Talent Management tools and best practice domain knowledge becomes even more critical. Taleo is poised to continue to drive innovation to help businesses meet that challenge.”

For more information on Taleo, please visit www.taleo.com

 
Matt Lafata, HRchitect

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Cornerstone OnDemand Recognized for 311 Percent Revenue Growth by Deloitte’s 2009 Technology Fast 500 …from Cornerstone OnDemand

October 23, 2009

 

Talent management software firm advances its ranking among the fastest-growing technology companies in North America

HRchitect featured Cornerstone OnDemand 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. Charles Coy participated in the HRchitect WebMingle on January 16, 2009. Cornerstone OnDemand participated in the Talent Management Systems Beauty Pageant in December 2008, where they were crowned the winner. Cornerstone OnDemand also participated in the Learning Management Systems panel on June 10, 2009 as part of theHRshow 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.

Cornerstone OnDemand Inc., a leading provider of Software-as-a-Service (SaaS)-based learning and talent management solutions, today announced it has advanced its ranking from no. 431 to no. 388 on Deloitte’s 2009 Technology Fast 500 list of fastest-growing technology companies in North America.  Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004 to 2008.  Cornerstone grew 311 percent during this period. 

Despite the down economy, Cornerstone continues to outperform its competitors, enjoying triple-digit growth of new client bookings and a nearly 300 percent surge in active subscribers over the past year.  Cornerstone is also significantly expanding its global reach via the company’s strong-performing European division and strategic reseller partnerships with firms such as ADP Employer Services, which has more than 550,000 clients worldwide. 

“It is an honor to be recognized by Deloitte and the Technology Fast 500 as one of North America’s fastest growing technology companies,” said Adam Miller, President and CEO of Cornerstone OnDemand.  “Cornerstone’s momentum over the past few years can be attributed to the quality and innovation of our software, our dedication to providing best-in-class client service, and the success of our global sales teams and reseller channels.  We will continue to invest in these key areas to ensure the success of our clients and the continued growth of the company into 2010.”  

In addition to the Technology Fast 500, Cornerstone recently was ranked among the top 100 fastest growing private software companies in the U.S. by Inc. magazine.  Miller also was named 2009 CEO of the Year by the Technology Council of Southern California.

For more information about Cornerstone OnDemand, visit www.cornerstoneondemand.com.

 
Matt Lafata, HRchitect

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Kenexa Ranked Number 363 Fastest Growing Company in North America on Deloitte’s 2009 Technology Fast 500…from Kenexa

October 23, 2009

 

Attributes its 340 Percent Revenue Growth to Dedication to Extreme Service, Innovation

HRchitect featured Kenexa in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems and top Talent Management Systems vendors that businesses should consider. Kenexa participated in the Talent Management Systems panel and the Talent Acquisition Systems panel on June 10, 2009 as part of theHRshow event. Ron Hanscome, VP of Product Strategy with Kenexa appeared on the HRchitect WebMingle on June 26, 2009. 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.

Kenexa (Nasdaq: KNXA), a global provider of talent management and retention solutions, today announced that it ranked number 363 on Technology Fast 500, Deloitte LLP’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the five year period from 2004–2008. Kenexa grew 340 percent during this period. Kenexa was also ranked 17 in Deloitte’s prestigious 2009 Greater Philadelphia Fast 50. 

Rudy Karsan, Kenexa’s CEO, commented, “We’re honored to be ranked once again among Deloitte’s Technology Fast 500 companies. Kenexa provides superior and innovative business solutions for human resources that support the entire employee lifecycle from pre-hire to exit. We continue to achieve because of our global teams’ commitment to providing extreme service and leading-edge technology that supports our larger purpose — transforming the global workforce by identifying the best individuals for every job and creating the best work environments for every organization.”

Kenexa offers industry-leading technology that facilitates each step of the employee lifecycle. The company’s innovative solutions – including employee assessments, onboarding, performance management, employee surveys, Interview Builder assessment solution, Kenexa Recruiter BrassRing applicant tracking system and more – are driven by customer requirements and are built on the science of human behavior.

“Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth,” said Phil Asmundson, vice chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. “We congratulate Kenexa on this accomplishment.”

“With its impressive five-year growth, Kenexa has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America,” said Mark Jensen, managing partner, Technology and Venture Capital Services, Deloitte & Touche LLP. “Deloitte is proud to honor Kenexa for its achievement.”

For more information on Kenexa, please visit www.kenexa.com

 
Matt Lafata, HRchitect

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Hodes IQ Receives High Marks in Newly Published Bersin & Associates Talent Acquisition Report…from Hodes iQ

October 23, 2009

 

Hodes IQ Receives High Marks in Newly Published Bersin & Associates Talent Acquisition Report

Research study cites employer branding experience and powerful sourcing tools as industry leaders

HRchitect includes Hodes iQ in our list of top Talent Acquisition Systems vendors that businesses should consider. Hodes iQ competed in the HRchitect Beauty Pageant on Talent Acquisition Systems in August 2009, where they were crowned the winner. Jeremy Shapiro, Senior VP with Hodes iQ appeared on the HRchitect WebMingle on September 18, 2009. 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.

Hodes iQ, Bernard Hodes Group’s award-winning talent acquisition and management product, was recently recognized in a comprehensive research study by Bersin & Associates as an industry leader in the crucial areas of employer branding, source-of-hire tracking and customer service. Furthermore, the study names Hodes iQ as a top choice for mid-market and enterprise-level companies seeking to improve employer branding and streamline recruitment processes.

“Talent Acquisition Systems 2010: Facts, Practical Analysis, Trends, and Provider Profiles,” is the first study to thoroughly assess the state of the talent acquisition market and serves as a buyer’s guide to talent acquisition software systems, and the objective of the research was to address market shifts and best practices, along with profiling the leading talent acquisition systems. The report explores and reviews each talent acquisition company including background, core and advanced features offered, service offerings, key differentiators and quality of user experience.

According to Bersin & Associates’ research, Hodes iQ is a leading SaaS (Software as a Service) talent acquisition and management system with the combination of a top-ranked, job-posting system, résumé data mining system and expertise in best-in-class corporate career sites.

Other key differentiators for Hodes iQ, according to the study, include: 

• Having the ability to provide both the technology and the branding for customers.

• Developing a strategy of investment in additional support and technology for customers.

• Continuing to grow during an economic downturn.

• Providing users the ability to track and analyze the source of hires through its embedded and native job sourcing and distribution technology, SmartPost, which is cited for being a “great source of data for customers looking for insight on the best job boards”.

“This study confirms that for recruiters as well as for HR leaders, Hodes iQ is ahead of the curve as candidate behavior and talent management solutions continue to shift, and employers need the kind of tools and support to work efficiently, productively and with measurable results,” said Dwaine Maltais, senior vice president, E-Recruiting Solutions.

Hodes iQ also stands out from other companies in this space by providing excellent customer service and support.

For more information on Hodes iQ, please visit www.hodesiq.com

 
Matt Lafata, HRchitect

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Saba People Management Cloud to Be Available on Amazon Web Services Platform…from Saba

October 22, 2009

 

HRchitect featured Saba 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. Saba participated in the Learning Management Systems panel on June 10, 2009 as part of theHRshow. A.G. Lambert, the VP of Marketing with Saba appeared on the HRchitect WebMingle on August 14, 2009.

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.

Saba (NASDAQ: SABA), the premier people management software and services provider, today announced Saba People Management Cloud, an edition of Saba’s people management solutions to be delivered on Amazon Web Services (AWS). 

By enabling Saba’s award-winning products for the Amazon cloud, large and mid-sized enterprises will be able to easily unify, engage, mobilize, and foster collaboration across their value chain while simultaneously reducing overall project implementation costs.  Amazon Web Services has become a leader in cloud computing services and provides a proven, trusted, robust, and highly scalable platform to support Saba’s On Premise and OnDemand services.

The Saba People Management Cloud will give companies the elasticity to use as few or as many of Saba’s services as they need, while paying only for what they use, with no up-front expenses. Both OnDemand and OnPremise customers will be able to take advantage of the Saba People Management Cloud as business needs dictate.

“Saba’s goal is to change the ROI equation for people management solutions by delivering a people management cloud that enables value-added services to reduce costs and increase efficiencies” said Bobby Yazdani, chairman and CEO of Saba. “The AWS cloud platform will allow customers to re-configure business processes to gain significant efficiencies in logistics, commerce, distribution, and other third-party services.”

For more information on Saba, please visit www.saba.com

 
Matt Lafata, HRchitect

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2009 NuView Systems User Conference a Success…from NuView Systems

October 20, 2009

 

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.

NuView Systems, Inc., a global provider of innovative Human Resource and Payroll software, announced recently that its 2009 User Conference, “Revolutionary HR & Payroll,” held September 22nd-24th was a tremendous success. The highlight of the conference was a dynamic keynote address by Tim Sinclair, Chief Human Capital Officer of Booz and Company, one of NuView’s global clients.

The conference provided NuView Systems’ users with an energetic, open platform that included intensive training workshops, session tracks for new and advanced users, client panels, lively roundtable discussions, new product previews, technology sessions and much more. The NuView team talked about exciting new product developments, highlighted new features in the next release and global capabilities. Attendees were able to network together and expand their knowledge.

The entire NuView Systems team was on-board to assist attendees, as well as network. Discussions ranged from issues related to the evolving global workplace, meeting complex payroll needs, “going green, corporate social responsibility and challenges and opportunities in building a strong global workforce in today’s economy. Tim Sinclair’s keynote was the hit of the conference, focusing on the challenge of leading a global human capital function and the critical elements that underpin success.

“We were thrilled with the fantastic turn-out and with the knowledge sharing and networking that took place. We wanted to offer HR and Payroll professionals a flexible arena to discuss any issues they chose, have the opportunity to learn more and explore our many capabilities. Tim Sinclair gave a spectacular keynote address to attendees,” said Shafiq Lokhandwala, CEO of NuView Systems. “We have greatly expanded our global reach in the past year and our global capabilities were a highlight.”

NuView’s client roster has grown dramatically in the past three years and the 2009 conference was very much a leadership seminar on critical Human Resource issues facing global industries. NuView has provided global HR solutions to its customers since 1999, supporting multiple languages and currencies. Few traditional HRMS providers can match the flexibility, depth of product or global capabilities that NuView’s product suite offers, which now includes international payroll capabilities.

For more information on NuView Systems, please visit www.nuviewinc.com

 
Matt Lafata, HRchitect

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SilkRoad technology Announces Q3 Results for 2009…from SilkRoad

October 17, 2009

 

Success driven by new product and continued adoption of Life Suite

HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad participated in the Onboarding Systems panel on June 10, 2009 as part of theHRshow. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009 where they were crowned the winner. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. 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.

SilkRoad technology, inc., a leading provider of talent management solutions, announced today that the third quarter of 2009 marked the 25th consecutive period of sales growth for the company. Highlights from the quarter include SilkRoad’s new core HR system, HeartBeat; the industry’s first talent management assessment tool; an expanded alliance with top employment site Monster; and continued widespread adoption of the company’s Life Suite solutions.   

SilkRoad had a record Q3 with its dominant recruitment management and retention strategy solutions, OpenHire and RedCarpet, driving more effective talent acquisition through the use of social networks and strategic talent brand management. Healthfirst, US Oncology, Inc., and Wake Forest University all purchased both OpenHire, for recruiting management and RedCarpet, for employee onboarding and life events. Other clients purchasing the Life Suite included: Life Style Family Fitness, Pratt Institute, USAble Life, CentralCare, Cook Children’s Health Care System, Renal Ventures Management, LLC, SIRVA, and Summa Health System. 

“This has been another very exciting quarter for SilkRoad with a sizeable number of clients opting to purchase multiple Life Suite products,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology.  “With the addition of our new product HeartBeat, we have been able to extend what was already an unparalleled package of talent management and HR solutions.”  

“As always, we are very excited about our ongoing partnerships.  This quarter our work with Aberdeen Group generated a groundbreaking talent management assessment tool for the industry and our extended alliance with Monster helps clients get job postings out as quickly as possible.  Both of these initiatives further our perpetual goal: helping every company recruit and retain the best fit talent for their organizations,” continued Filipowski.

At the annual HR Technology Conference in September, SilkRoad announced a new proprietary Software as a Service Core HR solution that will join its award-winning Life Suite.  The new product, HeartBeat, allows secure and reliable access to key HR information for both employees and management by creating a “system of record” to store all employees’ core data. 

With HeartBeat, both workers and managers have access to and can act on HR information relevant to them.  The core HR system also allows for easy creation of analytics and reporting, from complete organizational charts and headcount reports to specific business unit and work analytics, offering insight and strategic value in managing enterprise human capital.

This quarter SilkRoad also announced the availability of the first interactive talent management assessment tool designed specifically for the Human Resources industry. SilkRoad’s talent management benchmark tool, which is free to users, allows organizations to compare their performance against companies from around the world.  The benchmark tool was created in partnership with Aberdeen Group and will help companies identify areas for improvement across their talent management portfolios. In order to compile the data used in this tool, Aberdeen collected and analyzed data, including over 640,000 data points, from more than three thousand organizations around the world.

At the end of September, SilkRoad received a top ranking in the 2009 Aberdeen AXIS report for Talent Acquisition Systems. The AXIS report provides a Best-in-Class performance evaluation, and assessment of each vendor’s market readiness as determined by over 250 evaluation criteria. “We are extremely proud to not only be included in this report, but to be a clear market leader for Applicant Tracking and Talent Acquisitions,” said Brian Platz, SilkRoad COO.

SilkRoad also extended its alliance with Monster, the leading global online careers and recruitment resource, to provide real-time posting tools into the OpenHire recruiting management solution. These newly available tools will enable SilkRoad technology customers to seamlessly post their open positions and manage applicant data. With the real-time posting feature, customers can post jobs from OpenHire to Monster in real-time, making job postings available to jobseekers sooner than ever before. Additionally, SilkRoad has been able to take advantage of some of Monster’s advanced integration components, allowing organizations to view available inventory in real-time without ever leaving OpenHire.

Last but certainly not least, SilkRoad was honored by The Business Journal in September as the number 12 fastest growing company in the Triad area.  The Business Journal counted down the region’s fastest growing privately held companies at an event that annually honors the successes of private businesses and their owners – as well as the growth and contribution of the 50 most dynamic companies that have strong impact on the Triad’s economic success.

For more information on SilkRoad, please visit www.silkroad.com

 
Matt Lafata, HRchitect

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Bond Talent Software Released in United States…from Bond International

October 16, 2009

 

Bond International Software launches its globally successful e-recruitment solution to the US corporate recruitment market

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.

Bond International Software today announced the U.S. launch of its powerful Bond Talent software. The multi-lingual web-based e-recruitment and talent management software was released at Human Resource Executive magazine’s 12th Annual HR Technology Conference & Exposition at McCormick Place, Chicago.

“Bond Talent will fully integrate e-recruiting and talent management in a Human Capital Supply Chain environment, where the flow of data between corporations and their staffing suppliers becomes transparent,” says Tim Giehll, Chief Executive Officer. “Bond Talent allows users to manage and maintain relationships with top talent — internal employees, flexible staff, contractors and consultants — optimizing the total workforce mix. This is simply the most intuitive staffing software available today.”

Key features of Bond Talent software include: 

  • an online application portal
  • applicant tracking tools
  • search function
  • job board export
  • on boarding
  • Outlook integration
  • agency VMS portal
  • customizable reports
  • multi-lingual and multi-currency capabilities

Bond Talent is a specialist application for the global e-recruitment and talent management markets. This versatile web-based application has been designed to manage the complete recruitment lifecycle and to enhance the strategic capability of in-house resourcing teams.

“By streamlining the process of finding, staying in touch, building relationships and managing top talent, companies can reduce their cost per hire and better utilize just-in-time talent techniques,” says Giehll. “Internationally, Bond has successfully deployed Talent in key industry sectors: retail, aviation, utilities, construction and finance, to name a few.  Market leading companies in the UK and Middle East such as Tesco, EasyJet, HBOS and Drake & Scull have chosen Talent to transform their resourcing function and improve productivity.”

Bond International Software has more than 35 years’ investment and focused effort in recruitment technology and is developing a solution to integrate Bond Talent with its other industry leading solutions – Bond Adapt and Bond eEmpACT. This will create a seamless global Human Capital Supply Chain environment between corporations and their strategic staffing suppliers.

Last year Bond was added to the Gartner Magic Quadrant for e-Recruitment Software . Gartner noted that Bond “has a solid global service and support infrastructure, as well as a global product foundation. Its experience in the third party staffing firm market provides it with credibility in the corporate recruiting market and it has financial viability through its stock market listing”.

Bond is a rapidly growing provider of web-based e-recruitment and talent management software to the corporate market and Bond Talent is a powerful and versatile web-based application specifically developed for organizations who wish to streamline their in-house recruitment processes and save costs. The US launch spearheads the global expansion of the software which has proven its functionality and effectiveness.

“Gartner’s emphasis in their report on recruitment automation to improve efficiency, whilst supporting industry’s geographic needs and recruitment challenges, highlights precisely Talent’s functionality and Bond’s business ethic,” observes Giehll. “Our software products are designed not as ‘out-of-the-box’ solutions, but as flexible platforms from which we can evolve an entirely tailored solution to meet any business’ recruitment needs – large or small.”

More information about Bond Talent software can be found at www.bondtalent-us.com

 
Matt Lafata, HRchitect

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Kronos Acquires Stromberg from Paychex…from Kronos

October 14, 2009

 

HRchitect includes Kronos in our list of Talent Acquisition Systems that businesses should consider. 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.

Further extending its leadership in workforce management, Kronos® Incorporated today announced that it has acquired the assets of time and attendance software vendor Stromberg from Paychex, Inc. (Nasdaq: PAYX) in a cash transaction.

News Facts

  • Stromberg, headquartered in Orlando, Fla., was founded in 1989 and purchased by Paychex in 2004. The company operated as a standalone division within Paychex with its own sales, support, and development teams.
  • Stromberg’s 1,400 customers mainly include U.S.-based organizations in industries such as retail, hospitality, and not-for-profit. Customers include A&P Supermarkets, Bacardi Bottling, Cambridge Quality Care, Hillsborough County School District, Hudson Bookstores, Office Depot, PetCo, and Universal Studios. Stromberg was primarily a mid-market vendor, delivering time and attendance software to organizations with 250-1,500 employees.
  • The acquisition extends Kronos’ leadership in workforce management, further strengthens Kronos’ position in the mid-market, and complements the company’s strengths in a broad range of vertical markets.
  • Kronos will continue to support the acquired customers through a dedicated team of Stromberg employees based in Orlando, Fla.

Supporting Quotes

Aron Ain, chief executive officer, Kronos
“Kronos has a long history of financial stability and sustainable growth, which allows us to continually invest in product and services innovation for our customers. We welcome Stromberg customers to the Kronos customer community. We are committed to helping these organizations achieve even greater value in the areas of controlling labor costs, minimizing compliance risk, and improving workforce productivity.”

Jonathan J. Judge, president and chief executive officer, Paychex
“Paychex acquired Stromberg five years ago to accelerate our entrance into the time and labor management business for our target market. The acquisition successfully fueled our strategy, as we gained both market access and knowledge that helped us create industry-leading time and attendance products for our client base – small- and mid-sized businesses.”

For more information on Kronos, please visit www.kronos.com

 
Matt Lafata, HRchitect

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Learn.com named as a Leading Talent Management Provider…from Learn.com

October 12, 2009

 

HRchitect includes Learn.com in our list of top Learning Management Systems vendors that businesses should consider. 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.

Learn.com, the leader in on-demand workforce development and productivity announced today that Bersin & Associates, the only research and advisory firm focused solely on enterprise learning, talent management, and talent acquisition, named the company a leading provider in its latest study, Talent Management Systems 2010: Market Realities, Implementation Experiences, and Solution Provider Profiles. The study also highlights Learn.com’s development innovation; compliments the company’s completeness of vision and newest product modules, SkillScore and MyProfile.

According to the study, “Learn.com has consistently been one of the fastest-growing and financially solvent companies in the learning management market. Today the company offers a broad set of features for performance management, career and succession management, compensation management, and recruitment management in one product – the LearnCenter platform. A talent management system, the LearnCenter platform rests on a single database to manage employee profiles, competencies, jobs, organizational hierarchies and content across all of the talent management process. We believe that the Learn.com is well-suited for U.S.-based organization that would like an integrated LMS, LCMS, collaboration and performance management solution. The product’s ease of implementation and ease of use are appealing to organizations with limited IT and HR administration teams. “

“LearnCenter is well-suited for organizations of all sizes requiring an integrated performance management solution,” said Josh Bersin, president of Bersin & Associates.

“The recent partnership between Taleo and Learn.com, will bring together Taleo Development competitive performance management product and today’s 100% SaaS, primary “go to market partner”, Learn.com,” Bersin stated in his blog titled Taleo 10. “The Learn.com partnership is likely to go well.”

According to the Bersin & Associates study, “Learn.com has experienced a high growth rate within the last year and has gained significant market share, and Learn.com is in the top 10 providers in market share by revenue.” Also highlighted in the study are Learn.com’s advanced social tools to support informal and social learning in enable employees to easily share knowledge, collaborate with co-workers and leverage personal networks. According to the study, “The use of social tools is important in preparing for the next-generation solution provides with the growing use of Facebook, Twitter and LinkedIn.”

Learn.com is also named among the vendors with a strong internal development effort, continuously enhancing the platform to ensure better integration with other modules and more features. According to the study, “Internal development allows the solutions provider to focus on building high-valued integration points, integration workflow and process management, and designing a streamlined user experience.”

Currently, Learn.com offers strong profile management allowing users to update their own profiles on a field by field basis, with users will also able to control data viewing by role. This will streamline succession planning, modeling performance and focusing on true skills and work history. Learn.com also offers its own collaboration tool, the WebRoom, making the LearnCenter platform a unique system.

To access the full Bersin & Associates Report visit the Bersin & Associates website, www.bersin.com.

For more information on Learn.com, please visit www.learn.com

 
Matt Lafata, HRchitect

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Peopleclick Adds New Mobile Platform to its Talent Acquisition Suite…from Peopleclick

October 9, 2009

 

Peopleclick Mobile Helps Organizations Connect with Candidates More Effectively

HRchitect includes Peopleclick in our list of top Talent Acquisition Systems vendors that businesses should consider. Peopleclick participated in the Talent Acquisition Systems panel on June 10, 2009 as part of theHRshow 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.

Peopleclick, Inc., the leading provider of talent acquisition and workforce compliance and diversity solutions, announced the launch of Peopleclick Mobile recently at Human Resource Executive’s HR Technology Conference & Exposition in Chicago, IL. This platform of enhanced mobile recruiting capabilities, for both HR professionals and candidates, gives organizations the ability to advance their recruiting strategy while using mobile devices.

A new addition to the Peopleclick Talent Acquisition Suite™, Peopleclick Mobile expands Suite functionality to mobile devices including: 

  • The ability for HR professionals and managers to approve requisitions while they’re on the go
  • The capability to view reports and dashboards presented by the Peopleclick® Business Intelligence Platform
  • The means for candidates to manage interview schedules via mobile device, email and text messaging

This new offering provides multi-platform mobile support for browser-enabled smart phones including any Windows Mobile, Blackberry, iPhone and iTouch devices. Because users will access mobile features through a web browser, little to no additional configuration is required by the client, making it easy to extend the reach of their employer brand. In early 2010, further enhancements, including full mobile support of an organization’s career site, will be added to the platform featuring the capability to search, apply and monitor applications via mobile device.

“Peopleclick’s new mobile features bring an organization’s talent acquisition strategy to an entirely new level,” added Ginny Gomez, Peopleclick’s SVP of Product Management and Marketing. “With thousands of opportunities literally at their fingertips, candidates will have the ability to search and apply for jobs anywhere, anytime which is truly groundbreaking. Peopleclick Mobile is a robust solution that will assist HR managers and recruiters in reaching their goal of building a successful workforce.”

To learn more about Peopleclick, please visit www.peopleclick.com

 
Matt Lafata, HRchitect

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SilkRoad technology Launches New Core HR Product; Opens Door to HRMS Functionality in Life Suite…from SilkRoad

October 9, 2009

 

Addition of Human Resource Management System to Widen SilkRoad Product Offering, Pave Way for Greater Flexibility for Versatile HR Solutions Provider

HRchitect featured SilkRoad in our May 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Acquisition Systems vendors that businesses should consider. SilkRoad participated in the Onboarding Systems panel on June 10, 2009 as part of theHRshow. SilkRoad competed in the HRchitect Beauty Pageant on Onboarding Systems in January 2009 where they were crowned the winner. Brian Platz, EVP and COO of SilkRoad also appeared on the HRchitect WebMingle on March 20, 2009. 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.

SilkRoad technology, inc., a leading provider of talent management solutions, announced recently the addition of proprietary Software as a Service Human Resources Management System (HRMS) to their award-winning Life Suite at the HR Technology Conference in Chicago. Andrew J. “Flip” Filipowski, Chairman, President and CEO of SilkRoad technology, made the announcement, and unveiled the new name: HeartBeat, core HR.

“The addition of our core HR solution, HeartBeat, to the Life Suite enables SilkRoad to extend what was already an unparalleled package of talent management and HR solutions for employers both large and small,” said Filipowski.  “The Life Suite is the broadest product line in this booming sector of the SaaS industry, making HR managers – as well as their entire organizations – more effective, efficient, and productive.” 

The new core HR solution allows secure and reliable access to key HR information for both employees and management by creating a “system of record” to store all employees’ core data.  With the solution both workers and managers have access to and can act on HR information relevant to them.  The HRMS also allows for easy creation of analytics and reporting, from complete organization charts and headcount reports to specific business unit and work analytics, offering insight and strategic value in managing enterprise human capital.

The new SilkRoad HeartBeat product contains many innovations for a core HR solution, including:

Integrates with Life Suite- Integrated with SilkRoad’s award-winning and market-leading strategic talent management solutions in recruitment, onboarding, life event management, performance management, succession, compensation, and learning management.

Visibility into your complete workforce- Built around the employee to support any number of worker-types, giving the unique capability to manage all full-time, contingent, vendor-supplied or any other worker type in one system. Organizations gain 100% visibility into their entire workforce in real-time while supporting unique rules and processes for various worker types.

Streamline all system actions- Providing an innovative user experience that streamlines all system actions, HeartBeat supports both person-based operations and action-based operations. The innovative “save/load” user capability acts similarly to an e-commerce shopping cart, allowing you to persist a group of users throughout the system to make performing multiple actions for a group of users efficient.

Integrates with cloud computing solutions- Designed ground-up for cloud computing, based on a Services Oriented Architecture (SOA), with a host of integration services to enable the solution to integrate with various cloud computing and/or legacy solutions.

Granular security model- This allows record and field-level permissions at any intersection point(s) of organizational metadata (e.g., based organizational structure, report-to relationships, project relationships, GL codes, etc.).

Handles needs of global companies- The HRMS solution is ready for needs of large, global companies with business rules and workflows based on various organizational metadata, including the ability to apply special rules at any level, or intersection point of the organization. Support for multi-company roll-ups.

Supports multiple payroll and benefit providers- Support for round-trip integration with multiple payroll and benefits providers to support different options available across disperse domestic and international points of presences.

Full-featured set of capabilities- Heartbeat’s full-featured set of capabilities includes business analytics, employee and manager self-service, payroll management, benefits management, time and attendance and leave management.

SilkRoad’s new product announcement continues its upward trajectory from the past year, and follows its acquisition and integration of a popular learning management system, expansion of their global footprint into Singapore and Australia, and a partnership with C&K Management in India to bring SilkRoad’s solutions to the growing Indian market.

“The addition of an HR management system to our suite of solutions will deliver on a building demand for a robust SaaS talent management solution combined with a robust SaaS core HR solution,” said Brian Platz, COO SilkRoad technology.  “The new product truly gives us the broadest offering around.”

For more information on SilkRoad, please visit www.silkroad.com

 
Matt Lafata, HRchitect

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