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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