Saba Delivers Breakthrough Mobility Capabilities to Its Collaborative People Management Platform…from Saba

April 17, 2010

 

Latest Saba Innovations Deliver On the Go Access to Learn and Collaborate from Anywhere, Anytime

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. 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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

Saba (NASDAQ: SABA), the premier people management software and services provider, today announced a series of new product innovations that make it easy for mobile workers to meet at a moment’s notice, attend online webinars, and learn on the go. These new solutions enable today’s global workforce to easily work together on an iPhone or in any web browser, both online and offline across the extended enterprise of employees, partners, and customers.

News Facts: 

  • Saba Centra for iPhone is now available for free download in the Apple iTunes App Store. This easy to use application enables Saba Centra users to participate in virtual classes, web conferences, and web seminars on an iPhone.  iPhone users can share presentations and interact with colleagues and classroom trainers right from their mobile phone. Executives can now attend meetings from an airport, a hotel lobby or while at a customer site.
  • Saba Centra Web Access makes it easy and cost effective for mobile workers to access web conferences and virtual training from any browser, anywhere. With a fast download and built-in VoIP or phone access, users can participate in a Saba Centra web session through an easy to use interface from a Windows, Mac, or Linux PC. People can now interact with educators and attend classes from their home or a café with the same superior interactivity and ease of use that Saba Centra offers, wherever they are, whether they have  a high bandwidth or low bandwidth connection.
  • Saba Anywhere is a mobile platform that lets people take their learning on the go.  Users can now download, view and interact with standards-based courseware and knowledge content anywhere, anytime, regardless of network connectivity. Saba Anywhere provides a seamless interface to Saba Learning for automated results tracking, as well as flexible content consumption including rich, multimedia content.  Highly secure and easy to use, Saba Anywhere meets the needs of people who are mobile and on the go, or in environments with bandwidth constraints.

Availability:

Saba Centra for iPhone, Saba Centra Web Access and Saba Anywhere are available immediately.

Quotes:

“Saba continues to evolve and innovate to deliver the best solutions to meet the demands of an increasingly mobile and distributed workforce,” said Jim Lundy, vice president and general manager, Saba Collaboration Solutions. “Today’s announcements of Saba Centra for iPhone, Saba Centra Web Access and Saba Anywhere reflect our continued commitment to provide the enabling technologies to help people work better, and work together.”

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Cornerstone OnDemand Expands Presence in Africa Through Reseller Partnership with Kalleo Learning…from Cornerstone OnDemand

April 8, 2010

 

The companies will host complimentary business breakfasts in Johannesburg and    Cape Town to discuss benefits of integrated learning and talent management strategies

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. 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. Simply put, do not invest in any kind of HR technology without consulting with the experts first. HRchitect is here to help!

Cornerstone OnDemand Inc. today announced that South African-based blended learning solutions provider Kalleo Learning will resell, implement and support Cornerstone’s integrated, Software-as-a-Service (SaaS)-based learning and talent management solutions.  For Cornerstone, the partnership further expands the company’s reach in Africa and Europe.  The collaboration also allows Kalleo to extend its product and service offerings and provide clients with a more comprehensive approach to workforce management and development, with technology solutions for onboarding, employee performance management, succession planning and enterprise social networking. 

“We are proud to align ourselves with Cornerstone OnDemand, one of the most innovative learning and talent management technology companies in the world,” said Willie Maritz, Managing Director for Kalleo Learning.  ”We have always partnered with only the best and most innovative learning technology providers in order to assist our clients.  Cornerstone OnDemand fits well with our strategic approach to the market, and we believe the Software-as-a-Service approach is exactly what the African market needs now.  We can now rapidly implement and scale the world’s leading learning and talent management solution, and we can do it cost-effectively.”

Cornerstone and Kalleo are hosting exclusive, complimentary business breakfasts for South African learning and human resources executives in Johannesburg and Cape Town to discuss the benefits of integrating learning with other workforce management solutions.  Cornerstone’s EMEA General Manager, Vincent Belliveau is leading the interactive sessions, which will include an overview of learning and talent management trends and technologies.  Premier Cornerstone clients, including South African financial services firm Absa Group Limited and South African cellular network provider Cell C, will present case studies detailing how their organisations are achieving success with their holistic approaches to managing and developing employees. 

“Many organisations have siloed learning and talent management systems in place, but this does not deliver the valuable workforce insight a company could track and access if these processes were integrated,” said Belliveau.  “Today’s technology allows any organisation to implement a coherent, coordinated system that also facilitates collaboration across HR functions.  This allows businesses to more successfully identify and address skill gaps, identify and develop future leaders, and retain high performers by providing them with career development opportunities.”   

The business breakfast event locations and dates include:

Johannesburg, Tuesday 13 April 2010, 8:30 – 10:30 a.m., Protea Hotel Wanderers, Conference Venue 1&2

Cape Town, Thursday, 15 April 2010, 8:30 – 10:30 a.m., Cape Royale Hotel, Conference Venue Tribeca

To register for either event, please contact Leigh-ann Naidoo at leigh-ann@kalleo.com or 011 782 1380 / 082 563 3089.  Please be sure to indicate the event location in your message. 

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Salary.com Announces CEO Transition…from Salary.com

February 23, 2010

 

HRchitect featured Salary.com in our 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top HRIS 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.

Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand talent management, payroll, and compensation solutions, today announced that Kent Plunkett has announced his resignation as chief executive officer, effective immediately. Mr. Plunkett will continue to serve as chairman of the board. Salary.com also announced that its board of directors has appointed Paul R. Daoust as interim chief executive officer while it conducts a formal search for a permanent chief executive officer.

Kent Plunkett stated, “I am incredibly proud of what the people who built Salary.com have achieved since we founded the company over 10 years ago. Salary.com is recognized as the global leader in compensation management data and software, and our emerging suite of SaaS-based human capital management solutions is in a strong competitive position. We have recorded 35 consecutive quarters of revenue growth and I remain optimistic about the company’s long term growth potential.” Plunkett added, “It is time for me to step aside and provide the opportunity for fresh leadership to serve Salary.com’s amazing customers and employees. I am highly confident in Paul’s leadership of the company’s executive transition plan and believe that Salary.com has a very strong foundation for our next chief executive to grow the company to the next level.”

Paul Daoust is a recognized leader in the human resources industry with over forty years of operating experience, and he has been a member of the Salary.com board of directors since 2006. Daoust previously spent 28 years with Watson Wyatt Worldwide, one of the world’s largest human resource consulting firms. For five of those years, Daoust served as chief operating officer and contributed to the doubling of Watson Wyatt’s revenue and a tripling of its profits. After his career at Watson Wyatt, Daoust served as chief executive officer of HighRoads, Inc., a privately-held, technology-enabled solutions company providing benefits lifecycle management. After four years as chief executive officer, Daoust transitioned to non-executive chairman in 2005 and he continues to serve HighRoads in that role. Daoust also currently serves on various boards in the human capital industry.

Robert Trevisani, Salary.com’s lead director, stated, “The board of directors would like to thank Kent for his lifetime worth of contributions to Salary.com. His passion and dedication have helped the company evolve into a market leader in on-demand Human Resource solutions. The Board is confident that with Paul joining as interim chief executive officer, Salary.com has the leadership in place that will enable the company to continue prospering while it searches for its next permanent chief executive officer.”

For more information on Salary.com, please visit www.salary.com
Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

SilkRoad technology and Indeed.com Join Forces…from SilkRoad

February 19, 2010

 

Integration with World’s Leading Search Engine for Jobs Expands SilkRoad Clients’ Reach

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, a leading provider of talent management solutions, announced today the integration of the OpenHire job delivery platform with Indeed.com.  With millions of job seekers and more job searches per month than any other job site, Indeed is the leading search engine for jobs.

SilkRoad’s integration with Indeed will allow SilkRoad customers to expand their reach to potential candidates. Jobs delivered directly to Indeed from OpenHire will be included in Indeed’s organic results and its network of more than 10,000 websites. 

This integration will allow SilkRoad customers to reach the single largest audience of both active and passive job seekers on the Internet.  SilkRoad technology has existing agreements in place with Jobfox and Simply Hired.

Through this integration, OpenHire customers will benefit from implementing automated tracking for all jobs delivered to Indeed. By automatically populating the source when candidates apply to jobs from Indeed, more accurate ROI measurements can be made by recruiters wishing to track their online recruiting efforts. OpenHire customers can also take advantage of Indeed’s free Job Analytics reports, which contain information about how well a company’s jobs are performing on Indeed. OpenHire customers can use this report to gain insight into what keywords candidates are using to find their jobs, what job titles are being clicked on most often, and how their jobs are performing compared to other companies on Indeed.

“We are excited to introduce SilkRoad’s OpenHire customers to the benefits of having their jobs included on Indeed,” said Samuel Fitzroy, Director of Alliances at Indeed. “Having jobs included automatically from this integration will ensure that all OpenHire customers are taking advantage of Indeed’s massive audience of active and passive job seekers.”

Companies have been using OpenHire to find and track top talent since 1998. Their patented job board integration, career site portals, intelligent searching, screening tools, and candidate communication tools make it easy to streamline workflow and lower recruiting costs, all while improving efficiency. These features, combined with Indeed’s reach, will allow SilkRoad customers to maximize the exposure of their jobs to candidates in the most efficient way possible.

Having jobs automatically included on Indeed also makes it even easier to sponsor positions and get additional targeted job seeker traffic.

“We are very excited to be working with Indeed,” said SilkRoad Director of Product Strategy, Thomas Boyle. “They have simplified the job search process for job seekers, while building an incredibly cost-effective tool for companies to attract the best talent possible.”

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Taleo Reports Record Fourth Quarter and Fiscal Year 2009 Results …from Taleo

February 11, 2010

 

Q4 Revenue of $50.5 Million; Record Q4 GAAP and Non-GAAP Fully Diluted EPS of $0.13 and $0.23; Record Q4 Cash Flow From Operations of $20.6 Million; 186 New Customers Added in Q4; Posts 25% Year-Over-Year Growth in Application Revenue

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 appeared 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 fourth quarter and fiscal year ended December 31, 2009.

“Like many of our world-class customers, Taleo invested through the recession in our people and in product innovation, and we are now stronger competitively and financially,” said Michael Gregoire, Taleo Chairman and CEO. “We are in a tremendous position to take full advantage of the recovery, and we plan to keep up our blistering pace of innovation to help our customers drive their own re-invention and growth.”

Annual business highlights included:

–  Product: Launched Taleo10(TM) Talent Management Solution for Enterprise and Small and Medium sized business.

–  Community: Delivered Talent Grid(TM), a set of three communities with online access to Taleo’s ecosystem of customers, partners and candidates.

–  Acquisition: Announced a definitive agreement to acquire Worldwide Compensation, Inc. the leading independent provider of global compensation management technology. The acquisition was completed on January 1, 2010.

–  Accolades: Industry analysts from Gartner, Bersin & Associates and IDC lauded Taleo for Leadership and Innovation in their respective Recruiting, Performance Management and Talent Management market reports; Performance Management received “HR product of the year” CODiE Award and “Top 10 HR Products of the Year” from Human Resource Executive Magazine; and Taleo’s Service and Support Organization received “Rated Outstanding” certification from the Service and Support Professionals Association and the Fall 2009 STAR Award for Service Excellence from the Technology Services Industry Association.

Fourth quarter highlights included:

–  GAAP revenues of $50.5 million, an increase of 5% year-over-year.

–  GAAP application revenue of $44.5 million, an increase of 11% year-over-year.

–  GAAP net income of $4.6 million or $0.13 per fully diluted share.

–  Non-GAAP net income of $8.6 million, or $0.23 per fully diluted share, an increase of 44% year-over-year.

–  Cash flow from operations of $20.6 million and free cash flow of $19.2 million.

–  Net cash at December 31, 2009 of more than $244 million.

–  Signed 186 new customers, including 18 new Taleo Enterprise customers and 168 new Taleo Business Edition customers.

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

–  Signed more than 45 new performance management customers, increasing total performance management customer base to more than 200.

Fourth quarter customer momentum included:

–  New enterprise customers include: Associated Bank, Equifax, Kingfisher Plc, RTI International, Teradata Operations, Cook County, Illinois,  Thales UK, Amalgamated Holdings Limited and Tyco International Management Company.

–  New small and medium-sized customers (companies with up to 5,000 employees) include: Provenance Hotels, Association for the Blind and Vision Impaired, Teach for All, Rand McNally, Prosperity Bank, Munroe Regional Medical Center, JM Smucker, Delaware State University, Sherwin Williams, Janney Montgomery Scott, Warner Chilcott, and Alliance Building.

–  Continued momentum in joint Recruiting and Performance Management suite deals with several customers, including: American Life Insurance Company, Navteq, Acxiom, and the City of Edmonton. Additionally, existing customer VF Corporation added Compensation Management to its existing Taleo solution.

2009 highlights included:

–  GAAP revenues of $198.4 million, an increase of 18% year-over-year.

–  GAAP application revenue of $173.5 million, an increase of 25% year-over-year.

–  GAAP net income of $1.3 million or $0.04 per fully diluted share.

–  Non-GAAP net income of $26.4 million, or $0.77 per fully diluted share, an increase of 48% year-over-year.

–  Cash flow from operations of $50.7 million and free cash flow of $41.5 million.

–  Signed 664 new customers, including 65 new Taleo Enterprise customers and 599 new Taleo Business Edition customers.

–  Closed 25 large enterprise deals with annual contract values in excess of $250,000.

–  Application revenue backlog increases to more than $350 million as of December 31, 2009.

Taleo delivered the following financial results for the fourth quarter of 2009:

Revenue: Total revenue for the fourth quarter was $50.5 million, an increase of 5% on a year-over-year basis. Application revenue for the fourth quarter was $44.5 million, an increase of 11% on a year-over-year basis.

Net Income (Loss) and Net Income (Loss) Per Share to Common Stockholders: Net income was $4.6 million for the fourth quarter, compared to a net loss of $(2.5) million for the same period last year. Net income includes $3.6 million in amortization expense related to the acquisition of Vurv, $2.9 million in stock-based compensation expense and a gain of $2.5 million related to settlement of Vurv escrow claims. Net income per fully diluted share was $0.13 for the fourth quarter of 2009, based on 35.6 million fully diluted shares outstanding, compared to a net loss per share of $(0.08) for the same period in 2008, based on 29.8 million weighted average shares outstanding.

Non-GAAP Net Income and Non-GAAP Net Income Per Share: Non-GAAP net income was $8.6 million for the fourth quarter of 2009, compared to non-GAAP net income of $5.0 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 gain associated with the settlement of the Vurv escrow account. Non-GAAP net income per fully diluted share was $0.23 for the fourth quarter of 2009 based on 37.5 million fully diluted weighted average shares outstanding, compared to non-GAAP net income per fully diluted share of $0.16 for the same period in 2008 based on 31.1 million fully diluted weighted average shares outstanding.

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Saba Delivers Innovative New Approach to Rewards Management with Saba Compensation …from Saba

February 6, 2010

 

Sophisticated Software Can Identify and Reward the Most Valued Employees, Not Just High Performers

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, the premier people management software and services company, today announced the general availability of Saba Compensation, an easy-to-use software solution that drives more informed compensation decision-making by providing a comprehensive view of employee success. The sophisticated approach of Saba Compensation enables both compensation professionals and individual managers to make smarter spending decisions that improve performance, productivity, and talent retention rates. Among the innovations: direct access to multiple measures of success from within the compensation allocation tool, providing the ability to identify value beyond the performance review score.

Unlike today’s compensation solutions, Saba Compensation goes beyond simple pay-for-performance processes that focus only on formal review scores. Instead, Saba Compensation provides decision-makers with a rounded view of each individual by surfacing data from multiple people management processes. This helps identify employees in critical roles, high potentials, “team players,” and even those that contribute to knowledge sharing in today’s collaborative companies. The solution also includes ways to better engage employees by enabling them to surface their own reward preferences, which further boosts talent retention rates among valued employees. A number of Saba customers participated in early previews and user testing of these innovations, including Sydney Water and Graham Group, Ltd.

“Saba Compensation is very intuitive and easy to use,” said Paul Adams, reward and recognition manager at Sydney Water, Australia’s largest water and waste water utility, and a multi-award-winning employer. “We’re very pleased with Saba’s solution, which supports our know-how approach and our flexible and family-friendly work environment.”

“We need a compensation solution that not only helps us achieve compliance with our salary program guidelines, but can also help us link the accomplishments of work plans to bonus and pay increases,” said Laird Beatty, director of human resources at Graham Group, Ltd. “We want to directly motivate employees to align their work plans and performance with our compensation plans. That’s why we chose to add Saba Compensation to our existing Saba people management platform.”

“For our customers, a compensation offering that is merely a compensation worksheet for managers won’t do,” said Bobby Yazdani, chairman and CEO, Saba. “Saba Compensation incorporates elements of employees’ performance and value to the organization in a sophisticated way that no other compensation offering can.”

Saba Compensation is available now as part of Saba’s unified people management solutions, delivered either on-demand or on-premise.

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

SuccessFactors to Acquire Inform…from SuccessFactors

February 4, 2010

 

Becomes First Company to Offer Business Analytics and Workforce Planning in Comprehensive Business Execution Software

HRchitect featured SuccessFactors 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 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.

SuccessFactors, Inc. (Nasdaq: SFSF), the global leader in business execution software, and Inform Business Impact, the global leader in analytics and workforce planning, today announced they have entered into a definitive agreement under which SuccessFactors will acquire Inform.

With this strategic acquisition, SuccessFactors will be the first company to offer business analytics and workforce planning as part of a comprehensive business execution software suite. With their unmatched applications and strategic consulting, Inform serves more than 130 enterprise customers, most with more than 100,000 employees, including 24 of the Fortune 500, such as Comcast, BHP Billiton, Starbucks, Nike and ANZ Bank, which represent approximately 2.5 million employees.

Inform has a rich 28-year history and 600 person-years of field and academic research, proprietary content and technology development in business analytics and workforce planning.

The addition of Inform’s powerful, 100 percent cloud-based software and unique expertise dramatically boosts SuccessFactors’ market-leading Business Execution Software (BizX) solution. The combined product will provide customers with a much more strategic use of workforce information, while expediting business execution, allowing SuccessFactors to deliver: 

  • Predictive analytics
  • Strategic workforce planning
  • Strategic reporting
  • Workforce analytics
  • Workforce reporting
  • Over 2000 key performance metrics, and
  • Peer benchmarking content for over 20 industries.

The combined solution extends value and builds on the investment customers have already made in SuccessFactors by enabling them to assess their readiness to execute their strategies, forecast the impact of their business decisions, mitigate risk and take action accordingly.

“All companies establish strategic plans. The critical challenge today is to execute on those strategies and improve overall business performance,” said Lars Dalgaard, founder and CEO of SuccessFactors. “With this acquisition, SuccessFactors is arming CEOs, CFOs and human resource professionals with actionable, high-value insights to perform better, gain competitive advantage, and lower costs. Our acquisition of Inform turbo-charges our focus and commitment to BizX and will dramatically drive further adoption within the $36 billion business execution market.

“Our customers convinced us that this was the right move, and they were asking for this combination of products,” Dalgaard continued. “When we did the due diligence on 30 Inform customers, several of them blind references, we realized how big this could become combined.Despite the size of their sales force, Inform has been able to achieve a lot, and with our global distribution and the most paying unique users in the cloud, we think this is a great opportunity for them. I believe no one in the industry, even with other business intelligence or homegrown solutions, can come close to replicating Inform’s deep, proprietary intellectual capital and their set of robust and proven solutions. When you talk to Inform’s customers, they are just playing a different game. They are answering different questions. They are driving more impact. They are changing the way their companies make decisions.

“When SuccessFactors went public more than two years ago, we outlined three separate criteria for companies we’d look at for acquisition,” Dalgaard added. “As SuccessFactors continues to aggressively grow, very selective M&A will continue be a part of that strategy as it relates to the three criteria we announced in 2007: furthering our technology; resellable high margin content; or geographic presence to improve business execution world-wide for any size company. Just one of these criteria would be enough for us to do an acquisition if the customers were referenceable and renewing at strong rates, but Inform had a check in all three boxes. This acquisition allows us to provide something none of our competitors can – software specialized for business execution decisions based on people information that has a direct impact on how a company performs.”

“Inform’s mission has always been to give businesses the best information and insights possible in order to create a clear path to success. SuccessFactors is aiming to do the same thing, so this is a natural fit,” said Peter Howes, founder and CEO of Inform. “Acquisition wasn’t our goal. We have had many offers from American and European companies, but I was never interested until I saw the strategic fit with SuccessFactors. We’re incredibly excited about integrating Inform’s analytics tools with SuccessFactors’ Business Execution Software. We’re creating an even more powerful solution to help our customers better understand how their employees are impacting business performance – how the business as a whole is running so that they can make more strategic workforce decisions that directly affect the bottom line. No other company in the world can offer this.”

SuccessFactors’ and Inform’s combined solutions are immediately available to customers through an OEM agreement between the parties, enabling SuccessFactors to maximize cross-selling and up-selling opportunities and develop future versions of the integrated software quickly.

Under the terms of the acquisition agreement, SuccessFactors will pay $25.5 million in cash and approximately $15 million in SuccessFactors common stock for Inform, with additional contingent consideration payable based on the fulfillment of continuing employment and the achievement of specified growth targets.

The acquisition on a pro forma basis and excluding the write-down of the deferred revenue balance and any contingent consideration expense is expected to be neutral to SuccessFactors’ net income.

The acquisition is expected to close in Q3 2010, subject to customary closing conditions.

For more information please visit http://www.successfactors.com/inform/.
Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa Announces Financial Results for Fourth Quarter and Full Year 2009…from Kenexa

February 2, 2010

 

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 business solutions for human resources, today announced operating results for the fourth quarter ended December 31, 2009. 

For the fourth quarter of 2009, Kenexa reported total revenue of $39.1 million, compared to $45.1 million for the fourth quarter of 2008. Within total revenue, subscription revenue was $33.3 million for the fourth quarter of 2009, a slight sequential increase compared to the third quarter of 2009 and compared to $37.6 million for the fourth quarter of 2008. Professional services and other revenue was $5.7 million for the fourth quarter of 2009, compared to $7.1 million in the third quarter of 2009 and $7.5 million for the fourth quarter of 2008.   

“Our fourth quarter financial results were consistent with our expectations, and were highlighted by 29% year-over-year growth in deferred revenue and cash flows from operations that were again strong at approximately $13 million,” said Rudy Karsan, Chief Executive Officer of Kenexa. “As we enter 2010, we continue to believe that Kenexa’s financial performance will remain consistent with recent quarters as the unemployment rate approaches stability, which is currently expected to occur around the middle of the year. As this occurs, we believe that Kenexa is well positioned to begin scaling its quarterly revenue run rate.”

Karsan added, “With the combination of an expected improvement in the business environment and more favorable comparisons, we expect Kenexa to return to year-over-year growth during 2010. Moreover, we are confident in Kenexa’s long-term competitive position and believe our unique end-to-end value proposition mirrors the sweet spot of customer demand among the Global 5,000. As such, we plan on further increasing our investments in sales and marketing during 2010 in order to position Kenexa for market share gains.”

Non-GAAP income from operations, which excludes share-based compensation expense, amortization of intangibles associated with previous acquisitions, and non-controlling interests, was $3.3 million for the three months ended December 31, 2009. For the three months ended December 31, 2008, non-GAAP income from operations, which excludes share-based compensation expense, amortization of intangibles associated with previous acquisitions, restructuring charges, legal fees related to restructuring charges and a non-cash goodwill impairment charge, was $6.3 million. Non-GAAP net income available to common shareholders was $2.9 million for the three months ended December 31, 2009. Non-GAAP net income available to common shareholders was $0.13 per diluted share for the quarter ended December 31, 2009, which was consistent with the company’s guidance and compared to $0.27 per diluted share in the fourth quarter of 2008.  

Kenexa’s income from operations for the three months ended December 31, 2009, determined in accordance with GAAP, was $0.8 million, compared with loss from operations of $166.1 million for the same period of 2008. GAAP net income available to common shareholders was $0.3 million, or $0.01 per diluted share for the three months ended December 31, 2009, compared to a net loss of $120.9 million and a loss of $5.36 per diluted share in the same period of 2008. GAAP loss from operations, net loss and net loss per share in the fourth quarter of 2008 included the impact of a $167.0 million goodwill impairment charge.

Kenexa had cash, cash equivalents and investments of $58.8 million at December 31, 2009, an increase from $50.2 million at the end of the prior quarter.  The Company generated cash from operations of $13.0 million during the fourth quarter, which was partially offset by capital expenditures. Deferred revenue was $50.0 million at December 31, 2009, an increase of approximately $5.8 million compared to the end of the third quarter 2009 and an increase of 29% from the end of the year ago period. 

Other Fourth Quarter Highlights

  • More than “30” “preferred partner” customers were added during the quarter (defined as customers that spend more than $50,000 annually).
  • The average annual revenue from the Company’s top 80 customers was greater than $1.0 million, consistent with the end of the prior quarter.
  • Continued global expansion with the opening of an office in Buenos Aires, Argentina, which includes an RPO Center of Excellence and support for Latin American and major multinational organizations.

Full Year 2009 Financial Results

For the full year 2009, Kenexa reported total revenue of $157.7 million, compared to $203.7 million for the full year 2008. Subscription revenue was $133.9 million and professional services revenue was $23.8 million for the full year 2009, compared to $163.4 million and $40.3 million, respectively, in the year ago period.  

Kenexa’s loss from operations for the full year 2009, determined in accordance with GAAP, was $29.0 million compared with loss from operations of $144.2 million for 2008. GAAP net loss was $31.1 million or $1.38 per share for the full year 2009, compared to net loss of $104.7 million or a loss of $4.60 per diluted share for the full year 2008. GAAP loss from operations, net loss and loss per share included the impact of a non-cash goodwill impairment charge of $33.3 million for the full year 2009, while the year ago period included a similar charge for $167.0 million.

Business Outlook

Based on information as of today, February 2, 2010, the Company is issuing guidance for the first quarter and full year 2010 as follows:  

First Quarter 2010: The Company expects revenue to be $38 million to $40 million, and non-GAAP operating income to be $2.2 million to $2.6 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 23.0 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.08 to $0.09. 

Full Year 2010: The Company expects revenue to be $160 million to $168 million, and non-GAAP operating income to be $14.5 million to $18.5 million. Assuming an effective tax rate for reporting purposes of approximately 20% and approximately 23.0 million shares outstanding, Kenexa expects its non-GAAP net income per diluted share to be $0.52 to $0.66. 

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , | Permalink
Posted by mattlafata

Kenexa Names Kevin Horigan as President of Global HR Technology…from Kenexa

January 29, 2010

 

Horigan Brings More than 20 Years’ Experience in Leading Enterprise Software and High Technology Organizations

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 business solutions for human resources, today announced that Kevin Horigan has joined the company as the president of its Global HR Technology division.  In this role, Horigan will be responsible for the division’s overall strategy and operational execution.

Possessing significant operational experience in sales, marketing, finance, professional services, and software development, Horigan has spearheaded growth in various organizations in both the North American and International markets. Prior to joining Kenexa, Horigan served as a senior vice president at SAP. He has also held executive leadership positions at PeopleSoft, Inc, OutlookSoft, Sand Technology Systems and Oracle Corporation.

Rudy Karsan, chief executive officer, Kenexa, said, “Kevin brings a wealth of experience and a track record of success that will reinforce Kenexa’s commitment to the HR technology space. As we continue our growth in this category, his leadership will benefit our customers, our employees and our organization.”

Commenting on his appointment, Horigan said, “Kenexa is not only one of the world’s leading providers of human resources technology, it’s also a trusted advisor to HR and business leaders around the world, with its comprehensive suite of products and services. I’m looking forward to leveraging my expertise in enterprise software to support our ongoing growth and commitment to extreme service.”

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , | Permalink
Posted by mattlafata

SilkRoad technology Announces Q4 Results for 2009…from SilkRoad

January 26, 2010

 

Success Driven by Record Sales and Continued Expansion

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 the fourth quarter of 2009 was its 26th consecutive period of sales growth.  Highlights from the quarter include record client growth, the successful launch of SilkRoad’s new core HR product, HeartBeat, and continued expansion and adoption of the company’s Life Suite solutions around the world.   

With the talent management sector booming with companies preparing for the economic turnaround, SilkRoad experienced the highest sales of the year this quarter with over 140 new clients selecting its Life Suite products.  New clients include: AirTran, CompuPay, Woodland Park Zoo, Texas Petrochemicals, Inc., Walt Disney Family Museum and Union Bank & Trust Co.

Current clients signing up for additional solutions also drove Q4 growth.  Clients purchasing additional Life Suite solutions include: Sony Home Entertainment, Del Monte Fresh Produce, SIRVA, and the University of South Florida.

SilkRoad continued to experience successful global expansion in the Asia Pacific market this quarter, adding multiple clients including several International 500 Brands.

In Q4, the company successfully launched its new core HR product, HeartBeat adding the product’s first clients ahead of its Q1 goals.  The core HR system 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.

In addition, SilkRoad received its completed 2009 SAS 70 Type II Audit in Q4.  The receipt of this report confirms SilkRoad is in compliance with SAS 70 recommended best practices to ensure the confidentiality, integrity, and availability of SilkRoad technology’s systems and data.  This report has become a requirement of outside vendors for most companies in the banking, healthcare, and high-tech industries.

“With the successful launch of our new HeartBeat product and our record growth, this has been a very exciting quarter for SilkRoad,” said Andrew J. “Flip” Filipowski, Executive Chairman and CEO of SilkRoad technology.  “In 2009, we extended our client roster to more than 1500 clients around the globe, across all industries.  We are also truly honored this quarter by the large number of clients purchasing additional products from our suite after experiencing our unparalleled technology and customer service.”    

Finally, SilkRoad was honored by The North Carolina Technology Association (NCTA) with multiple nominations in the NCTA 21 Awards.  SilkRoad was a finalist in the “Private Company Award” category and SilkRoad’s CEO, Andrew J. “Flip” Filipowski was a finalist for “Executive of the Year.”  The awards program annually honors companies and individuals from North Carolina’s technology industry for excellence in leadership and innovation and are among North Carolina’s most prestigious technology honors. 

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

SilkRoad technology Named 2010 Hot Companies Finalist by Network Products Guide…from SilkRoad

January 21, 2010

 

Winners Will Be Honored At Technosium 2010 Hot Companies and Technology Award Presentations

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 it has been named a 2010 Hot Companies finalist by Network Products Guide.  SilkRoad was selected from a global industry analysis of information technology vendors which included established large companies, mid-size and new start-ups around the world.  Finalists were selected based on the “4Ps” criteria-namely Products, People, Performance, and Potential.

The 2010 Hot Companies winners will be announced and honored at the Technosium 2010 presentations and dinner at the Palace Hotel in San Francisco on March 18, 2010.  The coveted 2010 Hot Companies analysis encompasses companies in all areas of information technologies including security, wireless, storage, networking, software and communications.

SilkRoad has been honored with the Hot Companies recognition multiple times and consistently excels in meeting and exceeding the 4Ps criteria.  Companies honored with the “Hot Companies” recognition raise the bar higher for their competitors, achieve the highest customer satisfaction and strive to maintain the distinction each year.

“Network Products Guide’s recognition of SilkRoad and our Life Suite for the second year in a row is a great honor,” said Brian Platz, COO SilkRoad technology.  “Technology and innovation are vital to leading the country back into a thriving economy, and our commitment to ongoing development helps keep us ahead of the technology curve.”

The “Hot Companies” 2010 evaluation process also assessed candidates for entrepreneurial spirit; seasoned executives with relevant experience; clear understanding of the segment of IT market they are active in; products and solutions positioned to take advantage of the emerging market opportunities; well developed revenue-growth model and clearly planned expansion strategies.

To see the complete list of finalists please visit www.technosium.com

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , | Permalink
Posted by mattlafata

Salary.com Launches Talent Management Solution for Skills Gap Analysis and Assessment…from Salary.com

January 13, 2010

 

Salary.com SkillsManager Enables Organizations to Capture Employee Skills and Develop Them in Line With Business Strategy

HRchitect featured Salary.com in our 2008 release of The Suite Life of Integrated Talent Management and also includes them in our list of top Talent Management Systems and top HRIS 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.

Salary.com, Inc. (NASDAQ: SLRY), a leading provider of on-demand talent management, payroll and compensation solutions, today announced the North American launch of Salary.com SkillsManager, adding a best-of-breed skills gap analysis and assessment solution to Salary.com’s talent management portfolio.

Salary.com SkillsManager is an enterprise SaaS solution that allows organizations to use custom and off-the-shelf job models with functional competencies from Salary.com to create a company inventory of employee skills, conduct employee skill assessments, and analyze skills gaps at the individual, department and organizational levels. The workforce analytics in Salary.com SkillsManager allow organizations to identify and assign employees who have the requisite skills for a project and create targeted, skill-based learning programs that are in line with their business strategy. Salary.com SkillsManager provides easy-to-use tools to build job profiles, map skills, and design learning paths.

“Organizations today need to be agile and efficient, and Salary.com SkillsManager helps companies respond to business challenges quickly by empowering them to best understand and utilize their employees’ skills,” said Brent Kleiman, SVP, marketing and strategy at Salary.com. “We know that most companies keep an excellent inventory of their hardware and IT systems, but have never even approached developing an inventory of their most important investment and valuable resource — the skills of their workforce. Salary.com SkillsManager makes that possible.”

Salary.com SkillsManager is invaluable in helping organizations maximize the utilization of employee skills rather than hire contractors with redundant skills, and reduce costs by targeting only key training needs. Salary.com SkillsManager also helps organizations mitigate operational risks by identifying potential key skill losses from attrition, and for some key industries, reduces the risk of non-compliance by proactively identifying skill gaps and shortages.

Salary.com will host a webinar called “Skills Management: HR’s Path to Organizational Success,” on several dates throughout January 2010. To register for an upcoming session, visit http://events.salary.com.

Companies have an opportunity to participate in a Salary.com SkillsManager pilot program that’s designed to help companies discover the immediate business benefits and ROI that Salary.com SkillsManager can deliver. The program provides three months of full use of Salary.com SkillsManager for 250 employees. To learn more about Salary.com SkillsManager and the pilot program, visit: http://www.salary.com/competencies/skills_management.asp.

Salary.com SkillsManager adds another component to the company’s best-of-breed talent management product line. Salary.com’s TalentManager® Suite provides robust functionality and configurability that HR professionals require while delivering easy-to-use solutions that managers and employees demand.

For more information on Salary.com, please visit www.salary.com
Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Industry Acclaimed Momentum Drives iCIMS into 2010…from iCIMS

January 11, 2010

 

Talent Management Solution Provider Powers into New Decade with Record-breaking Sales, International Expansion, Platform Upgrades and New Employee Data Management Offerings

HRchitect featured iCIMS 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. iCIMS participated in the Talent Acquisition Systems panel on June 10, 2009 as part of theHRshow. iCIMS competed in the HRchitect Beauty Pageant on Talent Acquisition Systems in November 2008 and mid-market Talent Acquisition Systems in January 2009, where they were crowned the winner of each. iCIMS will be competing in the upcoming HRchitect Beauty Pageant on Talent Acquisition Systems on August 21, 2009.  Adam Feigenbaum and Susan Vitale from iCIMS appeared on the HRchitect WebMingle on December 12, 2008.

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.

iCIMS, the second-largest provider of Software-as-a-Service (SaaS) talent acquisition solutions, today released the company’s record-breaking 2009 year-end summary and 2010 forecasts. Increased sales, international expansion, platform upgrades and most importantly, a recently unveiled employee data management software suite have already laid the foundation for iCIMS’ continued success throughout 2010.  Finishing off the year with this kind of momentum marks a decade of success for iCIMS, whose 963% organic growth over the past five years was recently recognized by Deloitte Technology Fast 500.

In 2009 alone, more than 225 leading organizations around the world signed onto iCIMS’ Talent Platform, bringing the company’s total customer base to over 800. Notable client additions include H&R Block (NYSE: HRB), GNC, Sysco Corporation (NYSE: SYY), Trump Entertainment Resorts, Tribune Company and many more. With more than 70% of client additions coming from the mid-market, this past year further strengthened iCIMS’ position as the leading talent acquisition solution provider for mid-market companies.  Industry leading mid-market additions include Treasure Island Las Vegas, NATCO (NYSE: NTG), Alexian Brothers Health System, YMCA of Metropolitan Chicago, The Visiting Nurse Association, and more. iCIMS’ ongoing pursuit of 100% customer satisfaction through its four-tiered support team directly contributed to the company’s mid-market dominance. The dedicated support teams coupled with user forums, weekly virtual training, and an interactive Knowledge Center continue to serve as one of iCIMS’ core differentiators.

iCIMS’ continued success in the mid-market is also greatly attributed to the Talent Platform’s single-source code architecture and inherent flexibility. This high degree of flexibility is greatly valued by mid-market organizations that are looking to invest in a Talent Platform that is capable of expanding to meet their evolving corporate vision. In addition to offering customers such superior candidate management offerings as applicant tracking, CRM, workforce planning and onboarding, the Talent Platform provides mid-market organizations with such robust employee management tools as performance management, talent & competency profiles, employee referral programs and more. 

Aside from the record breaking sales momentum powering the SaaS provider into 2010, iCIMS’ recently unveiled suite of employee data management software is taking the marketplace by storm. To more fully support the evolving HR needs of its growing mid-market client base, iCIMS now offers customers a complete suite of employee data management tools built right into the award winning talent platform. Beyond the management of demographic information and position history, iCIMS’ employee data management software enables human resource professionals to automate a myriad of once cumbersome, paper-intensive tasks.  These enhanced features coupled with iCIMS’ already advanced talent management offerings, enable the Talent Platform to support the end-to-end talent lifecycle of mid-market organizations around the world.

2009 also marked a year of international growth as iCIMS emerged as the solution of choice for mid-market organizations across the globe, including such notable organizations as Optical Express, BroadReach Healthcare, Cision and Ma’aden. In response to the mounting number of international organizations implementing the Talent Platform, iCIMS expanded its Beijing, China location and opened up the doors to its London, UK office. Looking ahead to 2010, forecasts predict that iCIMS will continue to remain a strong international player as more and more mid-market organizations recognize the value of end-to-end talent management.
 

“As an organization, iCIMS takes great pride in the many accomplishments we have achieved this past year,” said Colin Day, iCIMS’ President and CEO. ”During a time of increased industry consolidation, iCIMS’ record breaking organic growth throughout 2009 is a testament to the long-term value the Talent Platform offers organizations across the globe. With this current mid-market momentum and newly released employee data management suite, 2010 promises to be an extraordinary year for iCIMS.”

For more information on iCIMS, please visit www.icims.com
Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Saba Delivers Strong Second Quarter Fiscal 2010 Results…from Saba

January 9, 2010

 

Grows Non-GAAP EPS by 75% and Invoicing by 10% year-over-year; Increases cash balance by 77% year-over-year; Extends leadership with 30 new enterprise customers across learning, performance and talent management solutions

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 provider of people management software and services, today reported financial results for its second fiscal quarter ended November 30, 2009.

“We continued to win major new customers while expanding relationships with the world’s leading global enterprises and governments. More and more enterprises are looking to Saba for unified people management solutions that drive business performance by aligning, engaging, developing, and mobilizing their people while fostering collaboration across their value chain,” said Bobby Yazdani, Chairman and CEO of Saba. “Our record of profitable growth and momentum in winning new customers while expanding existing customer relationships underscores the validity of our growth strategy.”

Second Quarter Financial Results

  • Total revenues for the quarter ended November 30, 2009 were $27.5 million, up 6.4%, from $25.8 million in the same period of the prior year.
  • Saba Performance and Talent Management products achieved record high product bookings in the quarter, representing 12% of total product bookings in the quarter.
  • Gross margin for the quarter ended November 30, 2009 was 65.7% compared to 59.6% for the same period of the prior year.
  • GAAP net income for the quarter ended November 30, 2009 was $666,000, or $0.02 per share on a fully diluted basis, compared to a loss of $355,000, or $0.01 per share, for the same period last year.
  • Non-GAAP net income for the quarter ended November 30, 2009 was $2.1 million, or $0.07 per share on a fully diluted basis, compared to non-GAAP net income of $1.1 million, or $0.04 per share on a fully diluted basis, for the same period of the prior year. Non-GAAP net income excludes non-cash amortization of intangibles and charges related to stock-based compensation.
  • Cash balance for the quarter ended November 30, 2009 was $22.9 million compared to $12.9 million at the end of the same period in the prior fiscal year. Saba repurchased 1,384,920 outstanding shares of common stock for approximately $4.9 million in the first quarter of fiscal 2010.
  • Saba invoiced $29.4 million in the quarter ended November 30, 2009, up 10%, compared to $26.7 million in the same period last year.

Second Quarter Business Highlights

Customers

  • Added 30 new enterprise customers bringing total new customers up to 50 during the first six months of Fiscal 2010, up from 39 new customers in first half fiscal 2009.
  • Strengthened leading base of Global 2000 customers during the quarter with wins at Baker Hughes, Bayer Healthcare, Banco Itau, McDonalds, Mars, Owens and Minor, Unicredit Group, Santander, and Saudi Aramco.
  • Expanded relationships with a number of existing large enterprise and public sector customers including 3M, Bose Corp, Synthes, Trillium Health Centre, UNUM Group, Varian Medical Systems, Kwik-Fit Group Limited, Les Hopitaux Universitaires, Blackbaud, Brinker International, Lincoln Electric Holdings, Westat, and Westinghouse Electric.
  • Saba OnDemand solutions reached a user base of over 3.6 million users, including such customers as Addison Avenue Federal Credit Union, the California Public Employees’ Retirement System (CalPERS) and the University of Tennessee, Knoxville (UT Knoxville).

Products

  • Announced major new platform release, Saba Enterprise 5.5, as the industry’s first truly unified people management platform. Saba 5.5 delivers an updated, engaging, and easy-to-use Web 2.0 user interface that visually unifies information so that, whether a user is trying to create a succession pool, start a performance review, or manage a team of employees, the view of the employee information is consistent. Users at all levels are able to make better decisions with more complete and consistent people intelligence.
  • Announced availability of Saba People Management Cloud, delivering Saba’s people management solutions on Amazon Web Services. The Saba People Management Cloud will give companies the elasticity to use as little or as many of Saba’s services as they need, while paying only for what they use, with no up-front expenses.

Awards & Recognitions

  • Recognized in Bersin & Associates Talent Management Systems 2010: Market Realities, Implementation Experiences, and Solution Provider Profiles as the market leader for enterprises with over 10,000 employees. The study touted Saba Enterprise’s extensive configurability, embedded collaboration for talent management adoption and its integrated, sophisticated, workforce planning application.
  • Recognized in the 2009 Gartner Magic Quadrant for Social Software in the Workplace based on completeness of vision and ability to execute. Saba was the only vendor in the people management solutions market to receive recognition in this report.
  • Recognized for growing momentum in social software by Chief Learning Officer Magazine who bestowed a Learning in Practice Award for “Excellence in Social Networks” to the company. The Excellence in Social Networks Award recognizes providers that have deployed wikis, blogs, communities of practice, social networks and/or any other employee communication and collaboration platforms for a client in the past year.

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

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

Authoria and Peopleclick Combine in $100 Million Transaction to Create Largest Private Company in the Talent Management Arena

January 5, 2010

 

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.

As further evidence of its commitment to the Human Capital Management marketplace, Bedford Funding, a private equity firm with $800 million in available capital specializing in investments in the software and IT sector, today announced its $100 million acquisition of Peopleclick, the leading provider of Talent Acquisition and Workforce Compliance and Diversity solutions. Peopleclick will join with Authoria, an existing Bedford Funding portfolio company which was the industry’s first provider of fully-integrated Talent Management solutions. The combination of these two leading independent brands, which will now operate under the Peopleclick Authoria (The Company) name, brings an unmatched suite of Talent Management software, services and consulting solutions to enterprise businesses around the world. Charles S. Jones, Managing Partner of Bedford Funding, will assume the role of Chairman and CEO of Peopleclick Authoria, effective immediately.

“Enterprise customers who are addressing increasing global workforce complexity and managing thousands, or even tens of thousands, of employees expect deep software functionality in the specific Talent Management disciplines they are enabling, whether it be recruiting, compensation, performance management, succession planning, compliance or vendor management. That said, with every silo or multi-silo function purchase, all enterprise customers come to the table with a long-term vision for a full suite of compatible and integrated Talent Management solutions so they can successfully apply a range of employee data toward desired business outcomes,” said Mr. Jones. “We are excited to now provide current and prospective customers the powerful combination of two leading brands and two deeply innovative and comprehensive suite providers in Talent Acquisition and Talent Management. With this integration we are delivering the first best-of-breed suite available in the market from one single-source vendor.”

Peopleclick Authoria is currently serving nearly 60 percent of the Fortune 100 and has proven expertise in meeting the needs of large global customers. The combined company has expressly committed to the ongoing support of all product lines offered by Authoria and Peopleclick prior to the union, and it will deliver key integration and innovation elements in order to provide broader capability for existing customers and one of the most comprehensive talent lifecycle solutions for new customers.

“Peopleclick Authoria represents the union of two strong players in the fast-growing Talent Management systems market,” said Josh Bersin, President and CEO of Bersin & Associates. “Both companies are product and market leaders in their segments, and together they bring scale and depth of management to drive growth and even greater customer value.”

All aspects of the Peopleclick business, including the Vendor Management System and the Compliance and Diversity businesses, will be integrated, along with the Talent Acquisition products, into a comprehensive Talent Management offering with Authoria’s existing suite. The Compliance and Diversity business previously within Peopleclick, combined with the full suite of post-hire talent management capabilities, is at the forefront of supporting the diverse workforce priorities and regulatory compliance initiatives of global customers for both companies. By extending customers’ ability to effectively control their contingent workforces, Peopleclick Authoria’s Vendor Management System offers customers the ability to fully manage the talent acquisition process — whether such talent is permanently added to an organization or considered on a contingent basis — to meet critical staffing and organizational performance needs within budget.

The full spectrum of Talent Acquisition and Talent Management products available through Peopleclick Authoria will continue to be sold independently or as part of a suite offering, and the Company will be delivering an Appreciation Program, which will reward the purchase of expanded suite functionality with discounted packaged pricing models, in the coming months to existing customers of both companies. In further support of customer initiatives in the coming year, the Company has made additional investments in the engineering and services groups to optimize the delivery of new functionality and integrations to customers in the U.S. through four data centers and eight offices spread across North America and internationally through an E.U. data center and locations in India, Belgium and the United Kingdom.

“As a customer of both Authoria and Peopleclick, I can already see how this will make an immediate impact on Talent Management,” said Brandy Fulton, VP of HR Operations, Citrix. “Recruiting really is the portal through which all employees pass and combining the rich functionality of Peopleclick’s offerings with Authoria’s comprehensive Talent Management suite closes the loop between Talent Acquisition and performance, compensation and succession. I enjoy working with, and have the greatest respect for, both Peopleclick and Authoria, and I look forward to seeing the products and functionality the combined organization will bring to the market.”

Mr. Jones, who has spent much of his career as an operating executive for a wide range of large public international companies and small growth-driven private companies, has a reputation for innovation and customer-centric growth strategies. He has a proven and highly successful track record in integrating software companies, identifying key inflection points of differentiation and unleashing the inherent value to the market. His desire to run this combined business is a powerful commitment to customers and a meaningful endorsement of his understanding of the importance of integrated Talent Management solutions for enterprise companies around the world.

Before becoming Managing Partner of Bedford Funding, Mr. Jones was Chairman and then CEO of Markham, Ontario-based Geac Computer Corporation, a Toronto Stock Exchange listed software company with annual revenues approaching U.S. $500 million. During Mr. Jones’s tenure, he transformed the Geac business with two large public-company acquisitions and built an innovative and market leading business intelligence software enterprise focused on the financial value chain. On October 1, 2001, The Wall Street Journal named Geac the number one performing global stock. In 2004, Mr. Jones was named on the top 25 list of CEOs in Canada and, in 2005, on the top 10 list of CEOs in Canada by Canada’s National Post newspaper.

Ron Kupferman, former Chairman and CEO of Peopleclick, and Jim McDevitt, former CEO of Authoria, will both operate as Vice Chairmen, working on Business Development activities in their respective markets.

Peopleclick currently serves more than 2,100 clients in 214 countries and territories, including 54 Fortune 100, and has strong vertical market presence in retail and health care, while recognizing employer preference for hourly or part-time employment in an increasingly regulated workplace environment. The organization was recently placed in the “Leaders” Quadrant of Gartner’s “Magic Quadrant” for E-Recruitment Software* based on its vision and ability to execute. Peopleclick also received the highest Market Readiness score of any vendor in The Aberdeen(TM) AXIS on Talent Acquisition report based on its ability to support its current installed base and bring new, award-winning products to market, among other key performance indicators.

About Peopleclick Authoria

Peopleclick Authoria is transforming Talent Management through best-of-breed technology and expertise. With a deep focus on business intelligence and analytics, the company’s technology gives clients the actionable insight required to make strategic decisions that drive better business results. Nearly 60 percent of the Fortune 100 use Peopleclick Authoria Talent Acquisition, Talent Management and Workforce Compliance and Diversity solutions to manage salaried, hourly and contingent labor across their organization. These solutions manage the entire talent lifecycle from recruiting to on-boarding and through the ongoing management of each individual’s career while helping organizations measure, analyze and empower their existing workforce. Both founded separately in 1997, the two human capital management companies joined together in 2010 to form Peopleclick Authoria. The Company’s solutions currently support more than 2,400 organizations ranging in size from large, global corporations to small and medium-sized businesses in more than 214 countries and territories around the world.

About Bedford Funding

Bedford Funding is a private equity firm specializing in investment opportunities in the consolidating and fragmented technology sector with an initial focus in the software and IT services sector. The firm offers extensive strategic operating and financial management expertise and advice with the intention of providing exceptional performance and financial returns for its portfolio companies and its investors. Bedford Funding serves the IT and investment communities worldwide from its headquarters located in White Plains, NY.

For more information on this transaction, please visit www.PeopleclickAuthoria.com.
Matt Lafata, HRchitect

Leave a Comment » | Uncategorized | Tagged: , , , , , , , , , , , , , , , , , , | Permalink
Posted by mattlafata

« Previous Entries
Next Entries »
Follow

Get every new post delivered to your Inbox.

Join 32 other followers