40% Year Over Year Growth in Annual Recurring Revenue, Strong Customer Retention, Satisfaction and Product Innovation Mark Record Second Quarter of 2011 for Talent Management Leader
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Halogen Software today announced the close of the company’s best quarter on record. Halogen’s growth in annual recurring revenue has accelerated, moving to a 40 percent increase year over year at the end of Q2 2011. The quarter was also marked by a number of significant new customer wins in addition to strong customer retention rates. The company also introduced significant new product additions to its award winning talent management suite, and received industry and customer accolades for its market leadership and customer satisfaction.
Halogen’s growth in the quarter was highlighted by the addition of a number of organizations to its client roster from across the vertical market sectors where it maintains a strong foothold – healthcare, professional and financial services, manufacturing, education, hospitality and public sector. Just a few of these new clients include: The American Registry of Radiological Technologists, Penn-Mar Organization, Inc., i365 Inc., Municipal Employees Credit Union of Baltimore, Inc., County of Chester, MM Management Group, OHL International, First West Credit Union, and San Francisco General Hospital and Trauma Center. Growth outside North America was also noteworthy with the addition of well recognized international customers such as International Baccalaureate Organization, Plus One Minus One, and Live Payments Pty Ltd.
“We selected Halogen as our talent management provider because they clearly demonstrated a commitment to customer satisfaction with us from the start,” said Casey Quinn, Associate Director Employee Development, Municipal Employees Credit Union of Baltimore, Inc. “Not only do their solutions address our business needs for managing performance, and expanding our talent management capabilities to drive business results, but their people are clearly focused on being partners in our success.”
Also in the second quarter, Halogen Software launched Halogen eRecruitment™ at the SHRM Annual Conference, bringing to market the first applicant tracking system to fully bridge talent acquisition with all other talent management functions. Halogen’s soon to be released Talent Management Suite Version 11, which includes the Halogen eRecruitment module, makes it the first of the market leaders to deliver a complete, organically built solution. Halogen eRecruitment has received advanced praise by clients for this purpose-built link to all other talent functions.
“As a talent focused organization we are looking for a system that can communicate with the other talent management tools we use while enabling us to measure how new hires are performing,” says Lara Parker-Edson, HR Recruiter/Generalist, Hudson Health Plan. “We like that Halogen eRecruitment is designed to link to other Halogen products to provide quality of hire metrics that can be used to evaluate our hiring sources and ensure we take the most cost-effective approach.”
Other highlights from Halogen Software’s second quarter:
- Blackbaud CFO, Timothy V. Williams, joined Halogen Software’s board of directors.
- Nine Halogen Software customers showcased their talent management success at the 2011 SHRM Annual Conference and Exposition.
- The company announced strategic partnerships with video learning provider ej4 via its seamless integration with Halogen eLearning Manager™, and an alliance with industry-leading sourcing technology vendor SmartPost, via its integration with Halogen eRecruitment.
- Halogen was positioned by Gartner, Inc. in the leaders quadrant in the Magic Quadrant for ‘Employee Performance Management Software’ in the analyst firm’s second report on the topic.
For more information on Halogen Software, please visit www.halogensoftware.com
Matt Lafata, HRchitect