Peopleclick Experiences Strong Momentum Across All Three Product Lines

HRchitect includes Peopleclick in our list of top Talent Acquisition Systems vendors that businesses should consider. Peopleclick participated in the Talent Acquisition Systems panel on June 10, 2009 as part of theHRshow event. 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.

Peopleclick, Inc., the leading provider of talent acquisition and workforce compliance and diversity solutions, announces strong momentum across all product lines as several leading organizations have selected Peopleclick to transform their talent acquisition strategy. New clients utilizing solutions within the Peopleclick Talent Acquisition Suite include Pepco Holdings, Inc., Pike Electric, Volkswagen U.K., GENCO Supply Chain Solutions, University of Pennsylvania Health Systems and Steria Recruitment.

Peopleclick RMS is the first recruitment management system Volkswagen U.K. has implemented within its U.K. headquarters. “Volkswagen U.K. decided to partner with Peopleclick because they provide a world-class single-source solution for managing our entire recruitment process, giving Volkswagen the ability to achieve multiple hiring objectives within our organization,” said Lorna Fletcher, Resourcing Business Partner for Volkswagen U.K. “For the first time, Volkswagen is able to leverage its corporate brand to promote all positions under the Volkswagen Group umbrella.”

Several recent Peopleclick clients will be implementing more than one solution within the Peopleclick Talent Acquisition Suite. Both Pepco Holdings, Inc. and Pike Electric will be using Peopleclick RMS and Peopleclick CAAMS affirmative action software to manage their recruitment needs and diversity and compliance objectives. Steria Recruitment has deployed Peopleclick VMS to manage their clients’ temporary workforces and control spend and authorization processes thus increasing the effectiveness of their contingent labor program.

Lastly, GENCO has selected the Peopleclick CAAMS solution to monitor their affirmative action plans and goals. “GENCO is looking forward to our partnership with Peopleclick,” added Julie Arrington, Director of Teammate Services at GENCO. “Peopleclick CAAMS is a true enterprise software solution that will provide the most effective way for our company to fulfill our short and long range affirmative action and diversity initiatives. By providing greater flexibility and reporting capabilities, we will be able to perform cost-effective monitoring of our compliance and diversity goals on a regular basis.”

Peopleclick’s momentum has delivered record levels of new business for the company during the second and third quarters of 2009. “Organizations realize the strength of their workforce can affect the longevity of their business success,” said Mike DeFrancesco, Chief Financial Officer of Peopleclick. “Within one cohesive platform, our technologies provide clients with the most intuitive talent acquisition solutions available, making their job functions more effective. With the economy showing signs of recovery, new clients are implementing these solutions so they will be in a position to attract top talent and stay a step ahead of their competitors. Meanwhile, Peopleclick’s technology will provide these organizations with a holistic view of their hiring strategy to reduce costs, reduce turnover and manage their contract labor all in a compliant manner.”

To learn more about Peopleclick, please visit www.peopleclick.com

Matt Lafata, HRchitect

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. Cornerstone OnDemand also participated in the Learning Management Systems panel on June 10, 2009 as part of theHRshow event. 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.

Cornerstone OnDemand Inc., a leading provider of on-demand learning and talent management software and services, today announced it has been recognized as one of the top ten fastest growing private companies in Los Angeles County by the Los Angeles Business Journal.

“We’re proud to be recognized by the Los Angeles Business Journal for the company’s strong performance and aggressive growth over the past few years,” said Adam Miller, President and CEO of Cornerstone OnDemand.  “Fostering a culture of innovation, team work and a never-ending focus on providing best-in-class client service has been essential to the success of our business.  In the coming year, we will further propel the company’s growth by continuing to invest in the quality of our software, the success of our clients and the strength of our team.”

The Fastest Growing Private Companies in Los Angeles list is comprised of the top 100 companies based in the greater Los Angeles area.  Companies are ranked by their percentage growth in revenues from 2007 through 2008.  To qualify, companies must be privately held and headquartered in Los Angeles County.  The Los Angeles Business Journal reviewed more than 1,000 submissions before narrowing the field to 100 finalists.

Cornerstone OnDemand continues to be ranked among the fastest-growing software companies in the U.S. by other respected lists such as Inc. magazine’s Inc 5000 and Deloitte’s 2009 Technology Fast 500, which recognized Cornerstone for 311 percent revenue growth from 2004 to 2008.

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

Matt Lafata, HRchitect

Workforce management dashboard highlights newly-upgraded TEDS suite, which now delivers more power and ease of use  

HRchitect featured TEDS 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.

TEDS, Inc., originator of the organic, fully integrated Talent Management solution, today released version 9.1 of its Talent Management Suite. The suite’s newest module, TEDS Workforce Management, provides companies with another key competitive advantage.

“Intelligent workforce planning and management are critical to gaining and preserving a competitive advantage in the marketplace,” said Joe Ellis, chief executive of TEDS. “That is why we have always had strategic workforce planning capabilities built into the TEDS Talent Management Suite. In this new module however, we have made all these functions and capabilities easily accessible via our new workforce manager dashboard. This puts unprecedented power, effectiveness and ease at the fingertips of workforce planners.”

TEDS Workforce Planning & Management enables organizations to define corporate business initiatives, measure workforce readiness to accomplish business goals, manage the progress toward initiative completion and track hiring for these initiatives. This new module leverages existing talent data and interacts with all other modules of the TEDS Talent Management suite to deliver a new dimension in workforce management.

“TEDS Workforce Planning & Management enables workforce planners to create strategies and initiate actions that ensure workers gain the necessary knowledge and skills to meet organizational goals,” said Lynda Helton, TEDS’ vice president for research and development. “Workforce planners and managers can monitor the progress of employees toward competency achievement, skill gap closure and organizational readiness for individual projects and for overarching business initiatives across the enterprise.”

The new module minimizes the negative effects of external forces on enterprise performance including fluctuations in the economy, new regulations, increased competition, and market demands for new or improved products or services, while pre-empting reactionary responses to these market influences.

Organizations can use TEDS to ensure that their workforce planning and management strategy aligns with and supports their overall talent management strategy. Company-wide workforce planning easily replaces fractionalized planning by different departments or business units.

TEDS Workforce Planning & Management ensures an organization’s talent is ready when needed.

A component of the TEDS suite of integrated, single-platform software solutions, TEDS Workforce Planning and Management provides its own powerful capabilities while also wrapping around all other TEDS Talent Management Modules to access and leverage employee data residing in those modules.

TEDS’ latest release provides enhancements to other software modules, including TEDS’ RTC Power (roles, tasks and competency management) and TEDS Job Vision, which manages staffing and talent acquisition.

For more information about TEDS, please visit www.teds.com

Matt Lafata, HRchitect

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.

Leading Talent Management solutions provider PageUp People, has today announced the latest enhancement to the Recruitment Management Solution that is set to further revolutionize the recruitment process for organizations across the globe.

The pre-emptive technology, believed to be the first of its kind globally, takes e-Recruitment tools to the next level by including smart features to assist recruiters in finding quality talent.

Through the use of Artificial Intelligence (AI) technology, the upgrade to the PageUp People Recruitment Management Solution prompts recruiters to candidates automatically identified as having a strong fit to a role.

By finding quality candidates prior to sourcing the job, the enhancement is expected to save PageUp People clients significantly on sourcing and agency fees as well as dramatically reduce time to fill.

Karen Cariss, PageUp People CEO, notes that this upgrade is the company’s innovative approach to helping clients in the current economic situation.

“We have taken an original approach to helping recruitment departments globally in getting the recruitment engine back to full steam post the global financial crisis.

It has been a challenging time for many over the last 12 months and this enhancement reflects the change in our clients recruitment needs as they begin to build up activities again whilst still being sensitive to spending constraints.”

The enhancement, introduced to clients at the recent User Group events, was met with much excitement and is now available for all current clients across the globe.

For more information on PageUp People, please visit www.pageuppeople.com

Matt Lafata, HRchitect

The World’s Largest Cloud LMS Provider Named Best in Industry for 4 Consecutive Years

HRchitect includes Learn.com in our list of top Learning 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.

Learn.com, the leader in cloud delivered workforce development and productivity, today announced that the company’s business performance shattered historical records in 2009. The company not only has signed a record number of new clients but the year to date through Q3 2009 has been the best sales bookings period in company history. More importantly, Learn.com was able to achieve this impressive growth while still maintaining positive net income and cash flow on a GAAP basis, an uncommon accomplishment in the Learning and Talent Management space. This strong performance across every metric underscores the value Learn.com brings to its clients and validates Learn.com’s best-in-class platform and pure cloud computing business model.

“During the most challenging economic period of the past 80 years, Learn.com was able to accelerate its growth by continuing to demonstrate its significant and unparalleled value proposition to new clients. Learn.com has always been the most innovative company in our space and once again we were pioneers by launching our Guaranteed ROI pledge to our clients. More and more clients were able to prove the many facets of hard and soft dollar savings and ROI using Learn.com. The results are irrefutable – training is how organizations realize excellence in execution. One watershed study points to firms’ investment in training as being the single most powerful predictor of stock price. Our unyielding dedication to client success and satisfaction using Learn.com products and people has paid dividends for our clients and in return, for Learn.com. While most of our competitors were downsizing this year, Learn.com added 25% more in net new headcount, and we are continuing to increase our employee base to maintain our peerless service to our clients. Even more satisfying than our great results is the positive impact Learn.com has had for our clients,” said Jim Riley, Chief Executive Officer at Learn.com.

Beyond deepening current strategic partnerships with some of the world’s biggest names new relationships were forged with Taleo (Nasdaq:TLEO), and others. These relationships further demonstrate that Learn.com improves business results and adds significant value to our partners’ ecosystems. These well planned partnerships allow Learn.com to penetrate new channels as well as provide Learn.com clients a one-stop-shop for pre-hire to retire solutions, with unmatched value, depth of functionality and ease of use.

“Our latest research shows that employee development is one of the most vital elements in a high-performing organization today,” said Josh Bersin, CEO of Bersin & Associates, a leading industry research and advisory services firm. “Taleo’s partnership with Learn.com now enables the company to offer a complete solution for corporate learning management.”

The relationship with Taleo brings together the unequivocal market leaders in our respective categories to provide the only pre-hire to retire unified talent management platform with a global footprint and world class capabilities and flexibility.

Another milestone was Learn.com’s launching of the World Wide Content Exchange and the Learn.com Personal Edition (http://my.Learn.com) which has over 30 structured job profiles with skills and curricula mapped to assist the US workforce in skill retraining in an unprecedented time of skill shift in the US Economy. Now any person in the world can access over 30,000 web based courses, live on line courses, college degree programs, accredited courseware for the Healthcare and manufacturing sector as well as course authoring and sharing.

Other YTD 2009 Accomplishments
• Again voted the best Enterprise Learning Management (LMS) system by the 50,000 readers of ELearning! Magazine (3rd Consecutive Year)
• Voted best Talent Management System by the 50,000 readers of ELearning! Magazine
• Over 95% Client Renewal Rates
• Opened and staffed an office in London, UK
• Announced Planned Cloud Computing Center in Amsterdam to support EMEA clients
• Enhanced the Learn.com Report Exchange to enable clients to share and download free custom reports they can share across their Learn.com applications
• Invested heavily in a state-of-the-art redundant infrastructure and state-of-the-art SAS 70 facility for its Cloud Computing clients – more speed, power and redundancy
• Added 224,000 subscribers with just one new client

Learn.com also added and expanded relationships with Enterprise clients such as: Pete’s Coffee, Sykes Enterprises, CKE Enterprises, Vermeer Corporation, Smith & Nephew, Intuit, Verigy, Orica USA, St. Jude Children’s Research, US Department of Commerce, Classic Residence by Hyatt, Cartier, Michelin North America, American Association of Critical Care Nurses, General Services Administration (GSA), Jackson Hewitt, Extra Space Storage, and hundreds of others.

For more information on Learn.com, please visit www.learn.com

Matt Lafata, HRchitect

Market Study by Leading Research Firm Acknowledges Kenexa’s Sophisticated Analytics Tools, Strong Integration of Assessments

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 it has been recognized as a market leader in the recently released Talent Management Systems 2010: Market Realities, Implementation Experiences, and Solution Provider Profiles. The study, conducted by Bersin & Associates, the only research and advisory firm focused solely on enterprise learning, talent management and talent acquisition, is a comprehensive market review and buyers’ guide for talent management software systems.

The report found that, despite the recession, the talent management systems market has thrived over the last year and vendors have seen significant growth. Based on market data and information provided by vendors, Bersin & Associates project that the market will expand by 15 percent over the coming year. The report also found that the market is crowded with many providers with similar solutions. The key differentiator that drove overall satisfaction was the customer experience, including partnership relationships with vendors and customer service. According to Bersin, organizations are no longer willing to sacrifice functionality in order to standardize technology and are expecting more from their providers.

“We are pleased to have been recognized in Bersin’s research. Kenexa’s industry-leading applications are built using innovative technology and driven by customer requirements, giving our clients what they need on an integrated platform. This, along with our commitment to Extreme Service, is what sets Kenexa apart from the competition and has sustained our growth in this economy,” commented Rudy Karsan, Kenexa’s CEO.

“Our goal is to address the real business impact of these systems and identify the market leaders. Despite the economic recession, the talent management software market continues to outpace new spending on core human resource management software. While it is still a very competitive market, the real market leaders are starting to emerge,” said Josh Bersin, president, Bersin and Associates.

Out of 24 companies profiled, Kenexa ranked No. 4 in market share by revenue and by number of enterprise customers.

Kenexa offers Integrated Talent Management (ITM) to facilitate each step of the employee lifecycle. The SaaS-based applications are unified through common services and enable clients to have access to continuous upgrades, expert functionality and streamlined customer support for single point solutions or across multiple Kenexa applications delivering holistic talent management.

The Bersin & Associates study particularly acknowledged the strength of Kenexa’s sophisticated reporting and analytics tools and the integration of its market-leading psychometric assessments. 

Karsan concluded, “By leveraging the expertise of our more than 100 industrial organizational (I/O) psychologists, HR researchers and recruiters, as well as the best practices we’ve learned from more than 20 years in the industry, Kenexa enables organizations to not just deploy technology but to maximize its business value.”

The 400-plus-page study is based on detailed briefings and product demonstrations provided by 24 vendors; completed surveys from 460 HR, learning and development, and information technology professionals; and more than 40 interviews with HR and talent leaders.

For more details about the study, please visit www.bersin.com/tmsystems.  

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

Matt Lafata, HRchitect

Joel Passen, VP of Marketing and Co-founder of Newton Software will appear on the HRchitect WebMingle on December 11, 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.

Newton Software, a startup building innovative, easy-to-use, applicant tracking software, presented to a packed house last week at DLA Piper’s Silicon Valley headquarters. The event, a monthly showcase of new technology startups, drew a diverse crowd of Silicon Valley engineers, business people, vendors, lawyers and venture capitalists. Newton was among the 4 lucky startup companies selected to demo their application this month in the allotted 5 minutes and then field follow up questions from the audience.

As the co-founders of Newton led the audience through a short demo of their product, it became evident that design and usability are indeed the knockout features of their system. Newton is designed to help you organize and manage your corporate recruiting program so nothing slips through the cracks. When you sign up for one of their affordable pricing plans, you’ll receive a fully branded careers page, free job advertising, an easy-to-use collaboration platform, and amazingly powerful, real-time analytics dashboard all the same day. 

Newton’s VP of Marketing, Joel Passen, emphasized that Newton requires very little training to get started and that you can be up and running the same day you sign up for the service. During the demonstration, Joel took attendees through a 30 second mock training of Newton to emphasize Newton’s ease of use. “If you like the candidate, press the green button.  If you don’t wish to continue with an applicant, push the red button. Green means go. Red is no. It doesn’t get much simpler than that”, chimed Passen.

While the founders started the company in January of 2009, they’ve been developing and improving Newton since 2004. Originally conceived to run a recruiting services business, Newton has been deployed to thousands of users prior to the official launch of the company. The current version of Newton is designed for corporations, mainly small and medium sized businesses, to manage internal hiring programs. The founders say they are working on a version for recruitment outsourcers that may be ready for release as soon as Q1 2010.

So what can Newton customers expect to see before the end of the year? Steve Hazleton, Newton’s CEO and Head of Products, promises his design team has been anything but complacent lately. “We’ll be shipping a feature later this month that’ll significantly improve the applicant experience while also allowing recruiters to be more efficient. And, for companies that need to track EEO information, we’re releasing the industry’s most advanced EEO/OFCCP compliance and reporting feature before the end of the year.”, said Hazelton in a post-demo interview.

Hazelton also hinted at an extensive roadmap that will feature additional thoughtful features designed to continuously improve recruiting and to constantly enhance the applicant experience.

For more information on Newton, please visit www.newtonsoftware.com

Matt Lafata, HRchitect

HRchitect includes MrTed and SmartRecruiters in our list of top Talent Acquisition Systems vendors that businesses should consider. Jerome Ternynck, CEO of MrTed appeared on the HRchitect WebMingle on May 22, 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.

MrTed Ltd, the leading global provider of Talent Acquisition Solutions, has entered a strategic technology partnership with Broadbean Technology, the global leader in advert distribution and response tracking technology.

The partnership will give MrTed’s customers the ability to instantly advertise positions to any job board from their familiar front office interface. This powerful combination will enable organisations to identify new recruitment channels, reduce cost per hire and build their brand across untapped communities.

Broadbean is used by hundreds of staffing companies and employers around the world to manage job posting delivery. The software helps organisations increase the effectiveness of online recruitment advertising by providing exact return on investment metrics on job board performance.

“Our goal is to provide a unified talent acquisition process for our users. Job boards are at the core of talent attraction and the Broadbean integration provides our users with a seamless link between MrTed and hundreds of advertising outlets. Broadbean’s market leading position and innovative technology made them the natural choice for this technology partnership” said Raymond van der Wal, Global Director Services MrTed.

Lee Anne Davey, Client Services Director commented “We are pleased to have this partnership in place with MrTed and it will allow clients to expand their recruitment efforts globally without the need to implement new technology. We have been working with MrTed for over 5 years and share a number of mutual clients. Both companies have invested this year to enhance the service offering and user experience by putting in place the Broadbean Hybrid integration. This strategic partnership will reinforce both parties mission to offer clients the most advanced, effective and scalable recruitment tools on the market”.

For more information on MrTed, please visit www.mrted.com.

Matt Lafata, HRchitect

Enhanced competency assessment capabilities highlight latest product version

HRchitect includes Position Manager in our list of top Talent Acquisition 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.

HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, officially announced recently the availability of the latest version of its Performance Manager software. The enhancements are designed to help its hospital clients manage employee competencies easier than ever before.

Hospitals today are faced with increased pressure from many outside sources to improve patient care and decrease preventable medical errors. Employee performance and competency has been linked to patient safety and patient satisfaction, evoking the need for an efficient system to help manage a hospital workforce. To address these concerns and to help hospitals improve both the quality and safety of patient care through a competent and motivated workforce, HealthcareSource released Performance Manager 3.0. This leading performance management software, which supports The Joint Commission best practices, includes performance appraisals, competency management, learning management, and talent performance measurement.

“We are in the trenches with our clients, so we know the stresses and challenges that they encounter every day,” said Peter Segall, CEO of HealthcareSource. “Hospital patients expect the best care and in turn, hospitals are more focused on patient satisfaction and quality. Managing competencies and skills checklists is different in healthcare than in other industries, and with so many healthcare facilities using Performance Manager, we are now able to make improvements, based on real world experience and client feedback, that make this product so perfect for healthcare providers.”

Performance Manager’s latest product version is currently used by more than 200 hospitals and healthcare facilities nationwide. In addition to the competency management improvements, version 3.0 features improvements to reporting, scheduling, and configuration. Performance Manager 3.0 now supports: 

• Unique assessment forms for every hospital job
• Competency assessments that are separate from annual performance appraisals
• Age/population specific competencies Initial and ongoing competency validation and assessment
• Initial and ongoing competency validation and assessment
• Manager and preceptor collaboration
• Automated, event-based scheduling (which can be used to trigger hire date, anniversary date, specific calendar dates, and more).
• Online content and testing, in-service scheduling and rosters, and external training tracking through its integrated training module

“HealthcareSource has greatly helped us improve employee engagement, streamline processes, reduce time for paperwork, and reach organizational goals. With their newest Performance Manager release, the additional customization options and more intuitive environment make it by far the strongest product version we have seen to date in terms of usability for the end user,” said Bonnie Gray, compensation manager at Maine General Health. “We’re very excited about the robust enhancements to competency, feedback routing, reporting, and appraisals, as these will ensure that we hire, train, and retain a productive staff that is committed to patient care. In addition, the new feature upgrades help us comply with The Joint Commission, making all of our documents readily available with the confidence they will be there when we need them.”

For more information on HealthcareSource, please visit www.healthcaresource.com

Matt Lafata, HRchitect

Reports 34th Consecutive Quarter of Revenue Growth; Achieves Positive Operating Cash Flow for Second Quarter in a Row

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, recently announced financial results for its second quarter of fiscal 2010, which ended September 30, 2009.

Revenue in the second quarter of 2010 was $11.6 million, an increase of 10% over the second quarter of fiscal 2009. Bookings were $12.2 million, an increase of 9% over the second quarter of fiscal 2009. Non-GAAP operating cash flow, which excludes cash payments for severance, was positive with a cash inflow of $0.5 million in the second quarter of 2010. GAAP operating cash flow was an inflow of $0.4 million in the second quarter of 2010.

Kent Plunkett, founder and chief executive officer, stated, “We are pleased to have completed our 34th consecutive quarter of revenue growth and achieved positive operating cash flow from operations for the second quarter in a row. Our broad strategy of offering an array of integrated, best-in-breed human capital management tools and data again contributed to larger overall transaction sizes in the second quarter, with 14 transactions over $100,000 in the quarter and six of those larger than $250,000. We believe Salary.com’s strong execution is reflected in continued bookings and cash flow growth as we continue to gain momentum as a human capital management leader.”

Second Quarter 2010 Financial Summary

–  Second quarter revenue was $11.6 million, an increase of 10% over the second quarter of fiscal 2009.

–  On a GAAP basis, for the second quarter of fiscal 2010, Salary.com reported a net loss of $4.7 million, or ($0.29) per diluted share, compared to a net loss of $6.3 million, or ($0.39) per diluted share, in the second quarter of fiscal 2009.

–  On a non-GAAP basis, excluding stock-based compensation, amortization of intangibles and restructuring expenses, Salary.com reported a net loss of $1.9 million, or ($0.12) per diluted share, for the second quarter of fiscal 2010, compared to a net loss of $3.0 million, or ($0.18) per diluted share, in the second quarter of fiscal 2009.

–  Cash and cash equivalents as of September 30, 2009 were $16.1 million, compared to $17.0 million as of June 30, 2009.

–  Current deferred revenue was $27.3 million as of September 30, 2009, compared to $27.4 million as of June 30, 2009.  Total deferred revenue grew to $29.9 million as of September 30, 2009, from $29.3 million as of June 30, 2009.

–  Excluding non-recurring cash payments for severance, non-GAAP cash flow from operations was a net inflow of $0.5 million in the second quarter of fiscal 2010. Including the non-recurring payments for severance, GAAP cash flow from operations was a net inflow of $0.4 million, a $1.4 million improvement compared to the same period a year ago.

Additional Second Quarter Business Highlights

–  During the second quarter, Salary.com added approximately 100 customers, and ended the quarter with approximately 3,600 enterprise customers.

–  New customer additions in the second quarter of fiscal 2010 included: Boston Medical Center, Caraco Pharmaceutical Laboratories, Ltd., Casio America, Inc., The Cooper Health System, Emergint Technologies Inc., and Washington Mills Management, Inc.

–  During the second quarter, Salary.com held user conferences in Boston, Chicago, New York, San Francisco, and Singapore, with over 500 customers attending.  The user groups offered four separate tracks for different human resources disciplines and featured industry experts from Gartner, IDC, and Bersin & Associates as speakers.

–  At the HR Technology Conference in October, Salary.com won the Talent Management Shootout in a vote by hundreds of human resources professionals.  TalentManager won the contest against three competitors after a demonstration of its easy-to-learn and easy-to-use features and the seamless integration of TalentManager’s data-driven content with Salary.com’s performance, competency, goal management, compensation planning, succession planning, career planning, and employee development software and data solutions. Bersin and Associates published the reasons they believe Salary.com won the Shootout in a blog post.

–  During the second quarter, Salary.com repurchased approximately 179,000 shares at an average purchase price of $3.01 per share.  To date, the Company has repurchased approximately 1.3 million shares at an average price of $2.03 per share.

Bryce Chicoyne, Salary.com’s chief financial officer said, “Our effective execution in the second quarter resulted in an increase in bookings, revenue, and operating cash flow on both a year-over-year and sequential basis, and I am proud of that accomplishment. We remain committed to long-term revenue growth and cash flow generation and are managing the company with that in mind. Larger deal trends and a continued strong customer retention rate are fueling our optimism for long-term growth.”

Business Outlook

For the third quarter of fiscal 2010, Salary.com expects total revenue in the range of $11.4 million to $11.9 million. Non-GAAP net loss is expected to be in the range of $1.7 million to $2.2 million. Non-GAAP net loss excludes non-cash stock-based compensation expenses in the range of $1.7 million to $2.0 million, amortization of intangibles in the range of $1.2 million to $1.3 million, and restructuring charges of approximately $100,000. GAAP net loss for the third quarter of fiscal 2010 is expected to be in the range of $4.7 million to $5.8 million. Weighted average diluted shares for the quarter are estimated to be approximately 16.2 million shares.

For the full year fiscal 2010, we expect revenue to be in the range of $46.5 million to $50.5 million. Non-GAAP net loss is expected to be in the range of $4.8 million to $8.8 million. Non-GAAP net loss excludes non-cash impact of stock-based compensation in the range of $8.0million to $10.0 million, amortization of intangibles in the range of $4.8 million to $5.1 million, and restructuring charges of approximately $200,000. On a GAAP basis, net loss for fiscal 2010 is expected to be in the range of $19.3 million to $23.3 million. Non-GAAP cash flow from operations, which excludes $500,000 in severance, is expected to be in the range of $1.2 million to $2.2 million in fiscal 2010. Weighted average diluted shares for the year are estimated to be approximately 16.3 million shares.

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

Matt Lafata, HRchitect