StepStone Solutions Continues Strong Growth in First Quarter of 2011…from StepStone

Talent Management Firm Registers Almost 40% Increase in Revenue Over Q1 2010; Signs 79 New Customers

HRchitect includes StepStone in our list of top Talent Acquisition Systems and Top Talent Management Systems vendors that businesses should consider. If you are looking for a new Talent Management System, or any HR system, don’t rely solely on “recommendations” or published reports. Do yourself a huge favor and talk to HRchitect first. After 14 years, HRchitect has 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 always available to help!

StepStone Solutions, a global leader in talent management, today announced continuing strong revenue growth and particularly high levels of new customer acquisition during the first three months of 2011.

StepStone Solutions signed 79 new customers in the period January 2011 through March 2011 and also contracted with 134 existing customers for increased commitments to the company’s products. StepStone Solutions now serves almost 1,700 businesses in about 70 countries, with well over a million active users of its Software-as-as-Service (SaaS) products.

The company signed new customers in the first quarter in Austria, Belgium, China, Denmark, France, Germany, Italy, the Netherlands, Norway, Russia, Spain, Sweden, Switzerland, the UK and the US.

Matthew Parker, CEO, StepStone Solutions, said: “Our growth and global success in so many regions is a great start to the year. Including acquisitions, our business grew almost 40% over the equivalent period in 2010 as a result of both substantial enterprise wins worldwide, increasing use of our solutions by many existing customers and a continuing low level of customer churn.”

Among the highlights of the first three months of the year were the release of the latest version of StepStone Solutions’ MrTedTalentLink talent acquisition product, with major enhancements to the user experience and the web services API; the winning of a prestigious award — Best Talent Management Software Provider in Greater China 2010-2011; being again named as ‘Leader’ in Gartner’s 2011 Magic Quadrant for Employee Performance Management; and major successes with global customers such as Banque de France, RKW-Group, Knauf, and Peugeot Citroën.

For more information please visit www.stepstonesolutions.com
Matt Lafata, HRchitect

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