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 Case Study Highlight’s E2open’s Success with Cytiva’s SonicPerform…from Cytiva Software

March 15, 2009

 

Leading demand – supply network solutions vendor saves time and provides goal transparency to employees using SonicPerform performance management software

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems vendors that businesses should consider. Ian Alexander from SonicRecruit will be on the HRchitect WebMingle on April 10, 2009. SonicRecruit 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 performance management software solutions, announced today the release of a new case study detailing the successful implementation of Cytiva’s SonicPerform employee performance management software at E2open, Inc.

 

Over 75,000 businesses rely on E2open to help them achieve significant improvements in customer service and profitability using their demand and supply network management solutions. As a Software as a Service provider, E2open relies heavily on the talent and dedication of its 300 plus employees to ensure its clients continue to realize value from their E2open solutions year in and year out.

 

The new case study covers the first six months of usage of the solution and details E2open’s experience automating their performance management process.

 

Some of the highlights include:

 

  • Significant reduction in time spent by HR managing the process
  • SonicPerform’s value in supporting a globally dispersed matrix organization
  • E2open’s use of cascading goals to align their workforce
  • E2open’s experience with Cytiva’s service and support of the system

 

“The E2open case study shows how SonicPerform was able to drop right into this complex organization and provide value right away,” said Jason Moreau, CEO of Cytiva. “To have this manner of success with one of our initial implementations demonstrates the kind of industry experience that went into building the solution.”

 

E2open acquired SonicPerform and SonicRecruit, Cytiva’s robust talent acquisition system and rolled out both products simultaneously.

 

Of all the benefits they experienced with SonicPerform, E2open was most pleased with its ability to save time for the human resources department and the support of Cytiva’s client services team.

 

“The SonicPerform team was amazing, I can’t say enough about them. They went above and beyond to help us think through issues and configure the system to ensure we were successful,” said Amy Reichanadter, Senior Vice President of Human Resources. “I am confident we will have a successful long standing relationship, given the level of attention we received from Sonic.”

 

The E2open SonicPerform Case Study can be downloaded free at www.sonicrecruit.com/resources/overview.htm

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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Back By Popular Demand: Cytiva Announces Free Talent Management Webcast Series…from Cytiva

February 18, 2009

 

Sonic TalentTalk 2009 Series Upgraded to Nine Information Packed Webcasts by Recruiting and Performance Management Experts

 

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

 

Cytiva, developers of talent management solutions, SonicRecruit, SonicPerform and SonicOnboard, announced today the launch of a series of free webcasts designed to help today’s practitioners deal with current topics in recruiting and performance management.

Covering everything from rethinking your recruiting metrics to onboarding and socialization for better retention, the new Sonic TalentTalk webcasts will begin March 19, 2009 and run through the end of the year.

 

The current line up of webcasts include:

 

  • Onboarding and Socialization for Better Retention
  • Performance Management in a Down Economy
  • Uncover Hidden Cost Savings in Your Recruiting Process
  • Recruiting 2.0
  • Communicating Your Employment Brand
  • Career Center 101
  • Rethinking your Recruiting Metrics for a Down Economy
  • Tips and Tricks for Effective E-recruiting
  • Talent Acquisition Systems: Building a Strong Business Case

 

“We received great feedback from our Sonic TalentTalk 2008 series,” said Jason Moreau, CEO of Cytiva. “But the conversation has changed over the last eight months in significant ways, so we felt it was important to repeat and refocus the webcasts for 2009.”

 

Hosted by Cytiva’s Sr. Talent Management Consultant and corporate recruiting veteran David Freeman, along with Vice President of Marketing and performance management software pioneer, Ian Alexander, this year’s Sonic TalentTalk Webcasts are focusing on the evolving value of talent management practices in a trying economic environment.

 

“Aside from the change in focus, we are sticking to our ‘no-hype’ approach,” said David Freeman. “Last year’s attendees repeatedly commented that they appreciated getting with solid information, not product hype.”

 

Registration for Sonic TalentTalk Webcasts is free. Visit http://www.sonicrecruit.com/company/events.htm for more information and to sign up.

Matt Lafata, HRchitect

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Cytiva Announces New SonicSaves, a Free Applicant Tracking Cost Savings For 2009…from Cytiva

February 5, 2009

 

As businesses look to cut costs, SonicRecruit’s SonicSaves analysis is an easy way to uncover hidden savings in their recruiting process

 

HRchitect includes SonicRecruit in our list of top Talent Acquisition Systems and top Learning Management Systems vendors that businesses should consider. SonicRecruit 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 the availability of a new program designed to help businesses uncover wasteful spending in their recruiting process and cut costs in 2009.

 

Dubbed SonicSaves, this new program is free to businesses that are looking to reduce costs associated with recruiting. Under the program, businesses can receive a free consultation with a SonicRecruit product specialist who will perform a diagnostic on their candidate management efforts and provide a detailed analysis of where they may be able to save money.

 

With unemployment rates rising and businesses under pressure to reduce costs, efficiency becomes even more critical. However, businesses run the risk of throwing the baby out with the bathwater without a prudent approach to cost cutting.

 

In this kind of climate businesses can expect an increased number of resumes that could overwhelm them. A large rise in candidates can make it much more difficult to find the right employees without proper tools. Though businesses in some sectors may be cutting the number of hires they make in 2009, they will still need to find and retain key skill sets to remain competitive and achieve more with less.

 

Cytiva has helped hundreds of mid-sized companies dramatically save costs in a number of ways, including:

 

  • Replacing expensive recruiting systems without compromising on features or custom configurability
  • Optimizing advertising expenditures by pinpointing the most effective sources and facilitating easy access to free job boards
  • Automating and optimizing the number of staff necessary to manage the recruiting and hiring process
  • Analyzing and increasing retention rates for new hires through effective onboarding

 

“With SonicSaves, companies get a quick and thorough analysis to find out if they can reduce recruiting costs,” said Jason Moreau, CEO of Cytiva. “If we can save them money, we’ll show them exactly how. If not, there’s downside to finding out.”

 

Businesses interested in getting a free SonicSaves analysis can call (877) 375-1470 or visit http://www.sonicrecruit.com/contact/request_roi.htm

 
Matt Lafata, HRchitect

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iCIMS Announces Two-Time Win in HRchitect Beauty Contest…from iCIMS

January 30, 2009

 

SaaS Provider Chosen as Top Vendor for Talent Acquisition and Mid-Market Applicant Tracking Solutions

 

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 also participated in the HRchitect Beauty Pageant on Talent Acquisition Systems on November 14, 2008, and on mid-market Talent Acquisition Systems on January 16, 2009,where they were crowned the winner of both pageants.

 

iCIMS, a leading Software-as-a-Service (SaaS) provider of talent management solutions, this week announced that the company has been named the two-time winner of the HRchitect “Beauty Contest” for talent acquisition and mid-market applicant tracking solutions.

Since November 2008, HRchitect, the leader in HR systems strategic consulting, has been presenting a series of webinars entitled “Assessing the Talent Management and HR Systems Landscape, an HRchitect Beauty Pageant.” Each “Beauty Pageant” focuses on a different category of HR technology, such as talent acquisition systems and mid-market applicant tracking solutions, and features six top vendors. Contestants compete by showing off their company story, service differentiators, value proposition and, of course, technology.

“As the leading Talent Acquisition Systems consulting firm, we feel a communal responsibility to create an educated public regarding HR technology decisions,” said Rick Fletcher, President and Founder of HRchitect. “We also think this is a really great opportunity for anyone who is looking at purchasing a HR technology solution to be able to learn more about several of the top systems in each category.”

During the November 14th Talent Acquisition Systems pageant, iCIMS was named the winner against such competitors as Silkroad, ADP – VirtualEdge, Authoria and Mr. Ted – capturing nearly 60% of the votes. On January 16th iCIMS was once again named a winner, this time for Mid-Market Applicant Tracking Solutions and against such competitors as Click & Hire, nowHIRE, SonicRecruit, SmartSearch and SmartRecruiters. Both wins were attributed to the company’s unique “Back to the Basics” approach, which emphasizes the value of superior customer service and an easy-to-use, flexible technology platform.

The most recent pageant gave participants a rare look into the decision making process of today’s mid-market organizations. In the current economic climate, it is the platform that can offer the most value and greatest efficiencies that is clearly favored and most looked for during the evaluation process. And with these criteria, it was iCIMS’ Talent Platform that clearly stood out above the rest. Unlike point solutions or modules, the talent platform makes it possible for corporations to manage their entire talent lifecycle through a single web-based system, eliminating the need to purchase multiple, costly solutions. Furthermore, customers do not run into cost creep for maintenance, upgrades or service fees and are able to upgrade without additional costs should organizational needs change in the future.

“The fact that iCIMS was once again selected as a winner really reiterates what we’ve seen from more and more companies as they align with our vision of going back to the basics and utilizing one easy-to-use solution that is supported by the best customer service team in the industry,” said Adam Feigenbaum, iCIMS’ Director of Sales and presenter for both pageants. “Specifically within the mid-market, where the majority of our clients have traditionally fallen, the fundamentals of cost-effectiveness and increasing efficiency are of top priority – and the single-source Talent Platform delivers on these levels.”

iCIMS specializes in solutions to attract, retain, and manage top talent, giving users the ability to perform all HR tasks through a single application. Clients are able to configure the iCIMS Talent Platform around their unique HR goals; powering such initiatives as workforce planning, applicant tracking, on-boarding, performance management, employee surveys and more through one core platform. Supporting the talent management needs of over 600 clients worldwide, including FreshDirect, eHarmony, yellowbook and dunnhumby, iCIMS has maintained a 97 percent corporate renewal rate since 2003 and offers unlimited customer support and complimentary training services to all iCIMS clients. The success of iCIMS’ Training division has helped iCIMS achieve the highest user adoption ratings in the Industry.

 

For more information on iCIMS, please visit www.icims.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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