– Addition of Large, Global Employers and International Expansion Contribute to Record-Setting Growth –
LIVONIA, Mich. (August 27, 2013) – WorkForce Software, the leading provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands, today announced details of the exceptional corporate and financial growth the company has experienced in the first half of 2013, resulting from its international expansion as well as growing demand from large employers for a global view of their labor data.
Sales Results and Client Wins
For the first six months of 2013, WorkForce Software continued its trend of strong annual sales performance. The company has achieved year-over-year revenue growth of 45 percent, compared to the same period in 2012, and increased bookings by 55 percent in the same period. In addition, WorkForce Software has increased its Software-as-a-Service (SaaS) revenue growth by 95 percent, highlighting the company’s continued strength in cloud-based delivery of enterprise workforce management solutions.
The increase in revenue was led by the addition of several large-scale clients representing a diverse range of industries, with particularly robust growth in the higher education and financial services sectors. New clients added in the first half of 2013 include:
·Tata Communications, a global communications leader based in India and with operations in 25 countries
· National Gypsum Company, one of the largest gypsum board producers in the world
· San Diego State University Research Foundation, a non-profit, auxiliary organization chartered to further the education, research and community service mission of SDSU.
· A 24-hour television network devoted entirely to weather
· A regional diversified financial services company operating in six states and three major metropolitan areas
· One of the largest supermarket chains in the U.K. with more than 400 stores
· The leading provider of Flash memory technology
· An Alaska Native regional corporation of more than 2,200 shareholders
· A global leader in robotic-assisted, minimally invasive surgery
· Two of the largest property and casualty insurers in the U.S.
· One of the world’s largest oilfield services companies, with operations in 90 countries
· A large multi-specialty physician group practice in Hawaii
· A national supplier of dental products and support services in the U.S.
The company has also significantly expanded its presence throughout the globe, particularly in the Australia and New Zealand region, with its recent acquisition of RosterLive, a SaaS-based provider of workforce management solutions to small and medium-sized businesses. Experiencing burgeoning demand for rostering, award interpretation and leave management solutions provided through the Cloud, RosterLive also revealed substantial growth in its latest fiscal year ending June 30, 2013, citing a 52 percent increase in revenues compared to 2012.
In subsequent quarters, RosterLive revenues will be reported as part of WorkForce Software’s financial results.
In addition to the RosterLive acquisition, WorkForce Software has expanded its presence in existing markets as its solutions continue to be selected by top-tier multinational organizations. Nearly 40 percent of new clients from the first half of 2013 are using the company’s EmpCenter® workforce management suite outside of North America.
To further support its international growth, WorkForce Software opened an office in the U.K. to handle the company’s sales, support and business functions in the country and other European markets. The establishment of an office in greater London helped secure a major win with a top-five British supermarket chain and will help WorkForce Software benefit from high demand for solutions that simplify rule enforcement, automate all time and pay tracking and fully manage employee leave cases across the enterprise.
WorkForce Software has also established SaaS data centers in Europe and Australia to better serve its growing client communities in both regions. The first half of 2013 also saw WorkForce Software strengthen its presence in the Asia and Pacific region by forming an alliance with China Talent Group, which will deliver the company’s solutions throughout China.
Superior Capabilities, Strategic Goals
Organizations that selected WorkForce Software or renewed a long-standing partnership in the first half of 2013 frequently cited the company’s distinct ability to help them tackle strategic workforce management challenges.
Bruce Williams, director of Human Resources for National Gypsum Company, commented, “With 12 unions, more than 20 plants and multiple business lines, we found that WorkForce Software was uniquely able to provide the high level of configurability needed to contend with the many complex work rules we regularly encounter. With a growth phase ahead of us, this investment in EmpCenter will help us maintain efficient, compliant and consistent workforce practices.”
“The first half of 2013 has seen unprecedented growth by virtue of making our powerful workforce management solutions available to new markets around the globe,” said Kevin Choksi, CEO and co-founder of WorkForce Software. “As we continue our expansion and raise awareness of the unmatched efficiencies our EmpCenter and RosterLive suites can bring to organizations of any size, we’re projecting ever stronger adoption of these strategic workforce management solutions in the second of half of 2013.”
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Matt Lafata, HRchitect