Cytiva Announces Record First Quarter Results…from Cytiva Software

June 15, 2009

 

Talent Management Vendor Reports 23% Year-Over Year Growth and 78% Increase in Cash Flow for Q1 09

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. Ian Alexander, VP of Marketing with Cytiva appeared on the HRchitect WebMingle on April 10, 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.

Cytiva Software Inc. (CRX – TSX.V), a leading talent management software vendor, has released audited financial statements for the three-month period ended March 30, 2009.

First quarter highlights include:

  • 78% increase in cash flow provided by operations over the same period last year
  • 23% year over year increase in revenue
  • 64% year over year increase in deferred revenue
  • New partnership with PEO/HRO CoAdvantage
  • Announcement of SonicSummit, Cytiva’s first annual user conference

“Despite a highly challenging selling environment, Cytiva’s first quarter results show strong growth in our key success indicators: Revenue, deferred revenue and positive cash flow from operations,” said Jason Moreau, CEO of Cytiva Software. “This is due to continued sales, satisfied customers and Cytiva’s recurring revenue model.”

The quarter was highlighted by new customer wins with Texas A & M HSC College of Medicine, Development Alternatives, Inc. and Converteam, as well as contract extensions with major clients Oldcastle, Startek and Oakwood Worldwide, among others.

For more information on Cytiva Software, please visit www.sonicrecruit.com

 
Matt Lafata, HRchitect

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Cytiva Announces New Upgrade to SonicConnect…from Cytiva Software

May 13, 2009

 

SonicRecruit’s flexible toolset for HRIS interface gets new flexibility and capability

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. Cytiva Software competed in the HRchitect Beauty Pageant on mid-market Talent Acquisition Systems in January 2009 and Ian Alexander, VP of Marketing with Cytiva Software also participated in the HRchitect WebMingle on April 10, 2009.

Cytiva Software, Inc. (CRX;TSX.V), a leading provider of on-demand talent acquisition software solutions, announced today the general availability of the newly upgraded SonicConnect HRIS interface toolset.

SonicConnect is a simple, application level toolset for mapping data in SonicRecruit to any HRIS, payroll or other employee record program. Built with a core feature set that includes mapping, scheduling, posting and monitoring employee exports triggered by hiring status changes, SonicConnect is the main vehicle by which SonicRecruit clients push newly hired employees into their master HR system or systems.

With this latest release, the SonicConnect toolset adds a number of enhancements that make it more powerful and flexible than ever. The new SonicConnect enhancements include:

 

  • Multiple export profiles for different systems like payroll, onboarding, AAP consultants, etc.
  • Support for auto re-exports of the same employee for seasonal workers
  • Support for stronger data encryption
  • Support for multiple delimiter schemes
  • Greater flexibility of export schedules
  • New preferences for auto assigning employee ID numbers
  • Increased ease of use

For clients who do not require the kind of customized 2-way interfaces that Cytiva routinely provides, SonicConnect is a cost effective way to ensure they can onboard new hires with ease.

“The SonicConnect toolset has evolved over many years of handling thousands of exports annually,” said Jason Moreau, CEO of Cytiva. “The latest version reflects the input of countless clients helping to make it more flexible and easy to use.”

As a true multi-tenant SaaS provider, Cytiva is able to make the newly enhanced SonicConnect toolset available immediately to all SonicRecruit clients.

For more information visit http://www.sonicrecruit.com.

 
Matt Lafata, HRchitect

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Cytiva and CoAdvantage Team Providing World Class Recruiting Services…from Cytiva Software

March 21, 2009

 

Leading HR Service Provider to Offer SonicRecruit to Its Client Base

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. Cytiva Software’s Ian Alexander will appear on the HRchitect WebMingle on April 10. Cytiva Software also participated in the HRchitect Beauty Pageant on mid-market Talent Acquisition Systems in January 2009

 

Cytiva Software, Inc. (CRX:TSX.V), a leading provider of on-demand recruiting software and talent management solutions, announced today a new partnership with CoAdvantage, a leading provider of human resources (HR) and benefits solutions.

 

Under the new arrangement, Cytiva’s SonicRecruit software allows CoAdvantage to provide clients with a recruitment software solution that interfaces with the company’s payroll, HR and benefits administration technologies. CoAdvantage has made the software available to its clients, comprised of small- and medium-sized businesses (SMB), throughout the United States. This software helps these clients to attract and manage prospective workforces.

 

“We chose Cytiva after completing due diligence on other recruiting software technologies and found SonicRecruit to be a reliable and successful vendor, from sales support and pricing to training and integration,” said CoAdvantage Vice President of Technology Jordan Conley.

 

“CoAdvantage is known for its high level of service and HR expertise,” said Jason Moreau, CEO of Cytiva Software, Inc. “This kind of partnership allows SonicRecruit to complement CoAdvantage’s strong offering and increases our visibility within their loyal client base.”

 

CoAdvantage Human Resources Outsourcing President Scott Millson believes this partnership will continue to further CoAdvantage’s mission to serve clients with excellence and innovation. “We seek best-in-breed partners for our clients in the SMB marketplace who assist us in providing solutions that reduce administrative headaches and overhead so our clients can focus on strategy and results,” said Millson.

 

For more information on Cytiva Software, please visit www.sonicrecruit.com

Matt Lafata, HRchitect

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New SonicFeedback and SonicParser Added to SonicRecruit, Cytiva’s Highly Respected Talent Acquisition Solution…from Cytiva Software

February 26, 2009

 

Features provide new help for organizations to deal with the increased number of candidates associated with higher unemployment

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider.

 

Cytiva Software Inc. (CRX;TSX.V), a leading provider of Software as a Service (SaaS) talent management solutions, announced today the availability of new features for its talent acquisition solution.

 

New SonicFeedback allows organizations to create and assign feedback forms to any step of the recruiting process and gather key data to better manage their hiring. In keeping with SonicRecruit’s tradition of providing highly flexible solutions, the uses of SonicFeedback are extensive. Some examples of how organizations can use SonicFeedback are:

 

  • Gathering and analyzing structured information from interviewers for use in the evaluation of candidates
  • Getting structured feedback from applicants to evaluate their overall satisfaction with the hiring process, fringe benefits, employment brand effectiveness, recruiter professionalism, and more
  • Gathering feedback from new hires regarding the onboarding and orientation process

 

SonicFeedback provides a highly flexible, integrated and easy to deploy method for organizations to get the most out of their recruiting and onboarding efforts.

 

Just in time to help organizations deal with the large increase in resume flow due to increased unemployment is the new SonicParser. SonicParser is Cytiva’s new proprietary resume parsing technology that allows recruiters to forward emailed resumes into their applicant tracking system. From a simple email, SonicParser reads the resume and pulls out key information, creates a candidate record in the applicant tracking system, and prepopulates the candidate’s information. SonicParser can read and parse multiple resumes and is highly flexible in automatically assigning job codes and recruiter ownership as it creates candidate records.

 

Though SonicRecruit has offered a similar feature for many years, much of it has been provided by a 3rd party. New SonicParser provides greater accuracy and much faster availability of candidate records. Further, SonicParser allows Cytiva to enhance the capability of its resume parsing to better match the needs of its entire talent management suite in the future.

 

“SonicFeedback and SonicParser are examples of the kind of regular enhancements we provide our clients at no extra cost, with no upgrades necessary,” said Jason Moreau, CEO of Cytiva. “This is the payoff of the Software as a Service business model for clients – easy and frequent enhancements, and added value throughout the life of the relationship.”

 

“A lack of resume parsing, or just plain bad resume parsing makes a recruiter’s life harder, and can kill the application process for candidates trying to easily apply for your open positions online,” said Jennifer Fray, Vice President of Client Services for Cytiva. “We’ve received positive feedback from clients about the increased speed and accuracy of SonicParser.”

 

SonicFeedback and SonicParser are available immediately to all SonicRecruit clients.

 

For more information on SonicRecruit, please visit www.sonicrecruit.com

Matt Lafata, HRchitect

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Cytiva Named to Software Magazine’s First Annual Software 500 Next 100…from Cytiva

January 21, 2009

 

Software Magazine Ranks Cytiva Number 501 as one of the World’s Largest Software Companies

 

HRchitect includes Cytiva (SonicRecruit) in our list of top Talent Acquisition Systems vendors that businesses should consider. Cytiva also participated in the HRchitect Beauty Pageant on mid-market Talent Acquisition Systems on January 16, 2009.

 

Cytiva Software Inc. (CRX;TSX.V), a leading provider of on-demand recruiting software solutions, announced today its inclusion on Software Magazine’s Software 500 Next 100 ranking of the world’s largest software and services providers. This is the first year for the Next 100 of the Software 500, which is now in its 26th year.

Software magazine reported that six companies were selected in the hr/workforce management systems sector, led by Cytiva Software at number 501. Software Magazine spotlighted Cytiva for its 84% growth in revenue.

 

Cytiva Software, in business for more than twelve years offers recruiting and talent management products via the Software as a Service (SaaS) model. Cytiva’s suite of products includes recruiting, staffing, vendor management, manager self-service, onboarding and performance management.

 

The Software 500 is a revenue-based ranking of the world’s largest software and services suppliers targeting medium to large enterprises, their IT professionals, software developers and business managers involved in software and services purchasing.

 

The ranking is based on total worldwide software and services revenue for 2007. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at www.Softwaremag.com, as well as from public documents.

 

For more information on Cytiva Software, please visit www.sonicrecruit.com

 
Matt Lafata, HRchitect

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Cytiva Announces SonicSummit User Conference…from Cytiva Software

January 15, 2009

 

User conference to bring Cytiva clients together to connect with peers, domain experts and Sonic product specialists

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. SonicRecruit will also participate in the HRchitect Beauty Pageant on mid-market Talent Acquisition Systems on January 16, 2009.

 

Cytiva Software, Inc. (CRX:TSX.V), a leading provider of on-demand recruiting software and talent management solutions, announced today the first annual SonicSummit User Conference.

 

Taking place October 22-23 at the Hyatt Fisherman’s Wharf in San Francisco , SonicSummit will focus in three main areas:

 

SonicSolutions – The SonicSolutions focus will provide in depth demonstrations and discussions about Cytiva’s increasing number of solutions designed to help clients achieve their talent management initiatives.

 

SonicStrategies –The SonicStrategies focus will bring together case studies, expert research and practical advice to provide real world strategies for future talent management success.

 

SonicPower – The SonicPower focus will bring product experts to delve deep into Sonic products and unlock unused potential, with a special focus on how clients can use Sonic products to uncover savings and increase ROI.

 

SonicCelebration –Attendees will be ferried to Forbes Island , their own private floating restaurant with lighthouse, sand beach, underwater dining room, and views of the city and bay.

 

For more information about SonicSummit, visit www.sonicrecruit.com/company/events.htm.

 
Matt Lafata, HRchitect

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