HRchitect Tech Vendor News: Skillsoft Announces Agreement To Acquire SumTotal Systems

August 22, 2014

DUBLIN & NASHUA, N.H.–(BUSINESS WIRE)–Skillsoft Limited (“Skillsoft”), a pioneer in technology-delivered learning solutions, announced today that its subsidiary, Skillsoft Corporation, has entered into a definitive agreement for the acquisition of SumTotal Systems, LLC from affiliates of Vista Equity Partners (“Vista”), a U.S.-based private equity firm. Terms of the transaction were not disclosed.

Skillsoft has a long history of innovation and delivery of solutions for its customers worldwide, ranging from global enterprises, government, and education to mid-sized and small businesses. The acquisition of SumTotal expands Skillsoft’s solution portfolio and global reach.

SumTotal provides flexible, next-generation human resources (HR) solutions to 3,500 customers and 49 million users worldwide including many of the Fortune 500. SumTotal’s Talent Expansion solution provides personalized learning and HR processes to organizations of all sizes.

“We’re very excited about the opportunity to bring together the experience and strengths of two proven leaders in the cloud-based HR solutions market,” said Skillsoft CEO Chuck Moran. “The integration of these complementary products – Skillsoft’s technology-delivered learning assets and SumTotal’s solutions for learning, talent and workforce management – will allow our customers to break new ground in implementing more comprehensive solutions for managing and expanding their workforce talent.”

“We are pleased to support the management team with such a significant and transformational transaction so soon in our tenure together,” said Frank van den Bosch, Partner at Charterhouse Capital Partners LLP, which acquired Skillsoft in April 2014. “Skillsoft’s acquisition of SumTotal brings together two of the most widely respected and experienced industry players and gives us the ability to present an exciting and compelling opportunity for the combined global customer base.”

“We look forward to joining the Skillsoft family,” said SumTotal CEO Hardeep Gulati. “This acquisition is a pivotal milestone in the 29-year history of SumTotal and a tremendous endorsement of our employees, as well as the differentiated solutions and services that SumTotal provides. I am very excited about the opportunity to provide more value to our customers, who now will benefit from a comprehensive content rich HR solution.”

“It has been our pleasure to work with SumTotal over the past five years to expand their portfolio of solutions and better serve their customers and the HR industry as a whole,” said Brian Sheth, President of Vista Equity Partners. “We are confident that SumTotal and Skillsoft together are well-positioned to deliver tremendous value to customers and we wish the company the very best during its next phase of growth.” As part of the transaction, Vista Equity Partners will maintain a small ownership stake in the combined company.

The closing of this transaction is subject to various conditions, including the expiration of the applicable waiting period under the Hart-Scott-Rodino Act.

Deutsche Bank Securities Inc. acted as exclusive financial advisor to Skillsoft. Committed financing for the transaction is being provided by Barclays, Morgan Stanley, Deutsche Bank and Credit Suisse. Simpson Thacher & Bartlett LLP acted as legal counsel to Skillsoft. Evercore acted as exclusive financial advisor to Vista. Kirkland & Ellis acted as legal counsel to Vista.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: WorkForce Software Reports 108 Percent Rise in SaaS Bookings, Strong Performance Through First Half of 2014

August 18, 2014

Company Reports Robust Growth as More Organizations Recognize

Benefits of EmpCenter, its Cloud Workforce Management Solution

LIVONIA, Mich. (August 12, 2014) – WorkForce Software, the leading provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands, today announced details of its strong performance and robust growth achieved in the first half of 2014. During this time period, the company welcomed many new clients, received a majority investment and extended its lead in cloud-based workforce management solutions for large employers.

“WorkForce Software’s history is characterized by continued growth and improved year-over-year performance, and that trend continued through the first half of 2014,” said Kevin Choksi, CEO and co-founder of WorkForce Software. “We expanded our reach in numerous industries and formed several strategic relationships that enhance our position in a dynamic workforce management market.”

Sales Growth and Client Wins

Overall, WorkForce Software experienced substantial and sustained growth in the first six months of 2014, with total revenues up 48 percent over the same period in 2013, led by rapid adoption of EmpCenter®, the company’s enterprise workforce management suite. As a result, SaaS bookings have risen by more than double (108 percent) compared to the first half of 2013, and SaaS revenues have increased 77 percent over the same time period.

New clients represent large employers in a range of industries, including technology, healthcare, oil and gas, financial services, training and professional education, public sector and utilities. The company also had a strategic win in the European market, attracting a Switzerland-based global reinsurance company. WorkForce Software also cemented its leadership position in fatigue risk mitigation for the petrochemical industry, welcoming two new clients in this sector, a Canadian integrated energy company and a chemical company based in Louisiana.

Additional new clients added in the first half of 2014 include:

  • A national nonprofit organization committed to helping education institutions measure and improve learning outcomes
  • A global supplier of health care information technology solutions, services, devices and hardware
  • The most populous county in Illinois, providing services for more than 5 million residents
  • The eighth-largest church in the U.S.
  • One of North America’s most diversified construction companies, serving the building, heavy industrial, civil and infrastructure, mining, pipeline, power and communication sectors
  • A leading provider of semiconductor and system solutions for communications, defense and security, aerospace and industrial markets
  • A leading provider of secure portable storage solutions
  • New England’s largest utility system serving more than 3.6 million electric and natural gas customers
  • A national natural gas distributor serving over one million residential and industrial customers
  • An American natural gas utilities holding company
  • One of the oldest and largest medical providers in the Greater Cincinnati region
  • The State of Delaware, which became the second state to leverage EmpCenter across all state agencies

Industry Recognition

WorkForce Software’s rapid growth has been noticed by competitors, customers, industry analysts and the media alike. In particular, the company was recognized by Gartner as one of the four fastest growing vendors by Total ERP Software Revenue, Worldwide for 2013 outside the top 10, in the research firm’s Market Share Analysis: ERP Software, Worldwide, 2013 report, released on May 5, 2014.

Bill Kutik, leading independent analyst of the HR technology marketplace, commented, “Successful workforce management is more difficult than ever. Employers must not only have tools to automate key workforce processes like time and attendance and absence management, but also keep up with rapidly changing legislation and compliance. Many of the best-of-breed vendors, including WorkForce Software, also have critical workforce scheduling functionality, processes so large and complex that many broader HR tech vendors don’t even try to copy them in their Time & Labor modules.”

Holger Mueller, principal analyst and vice president of Constellation Research, Inc., commented, “Compliance demands, the enormous potential of cloud delivery and greater competition for top talent have led many organizations to rethink their workforce management processes. Regardless of industry, today’s organizations seek solutions that can automate key processes, such as time and attendance, absence management and scheduling, in order to remain competitive and minimize risk.”

Majority Investment

In April, WorkForce Software announced another strategic step to accelerate its next phase of growth. New York-based Insight Venture Partners assumed a majority equity position in the company, bringing substantial resources and a pedigree in cloud-based technology to the partnership with WorkForce Software. The investment and partnership with Insight Venture Partners serve to further fuel WorkForce Software’s global expansion.

Strategic Alliance

Another key to WorkForce Software’s success is its ability to partner with other organizations that extend and increase the value of its solutions and services. In May, the company announced its strategic alliance with Benefitfocus.com, a leading provider of cloud-based benefits software solutions. Through this partnership, WorkForce Software has joined the company’s app program, giving users of the Benefitfocus HR INTOUCH MARKETPLACE™ convenient access to EmpCenter.

Vision 2015

WorkForce Software recently announced details of its next user conference, Vision 2015. The event, which brings together workforce management professionals from numerous industries and countries, will be held April 19-22, 2015 at the Westin Lake Las Vegas Resort and Spa in Henderson, Nevada. Vision offers attendees a range of educational sessions covering crucial aspects of workforce management, including timekeeping, attendance tracking, scheduling and leave management.

Looking toward the Future

“The first half of 2014 has been quite eventful, and more large employers have recognized the value of our solutions and the expert, responsive service that you can only get from a company dedicated to workforce management,” said Choksi. “Combined with increasing industry recognition, the backing from Insight Venture Partners and an expanding partner network, this sales momentum enhances WorkForce Software’s role as a top provider of enterprise cloud solutions.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Bullhorn Acquires The Code Works Inc. to Power Cloud-Based Data Integration and Intelligence

August 18, 2014

Bullhorn, the global leader in customer relationship management (CRM) software for the staffing and recruiting industries, today announced that it has acquired The Code Works Inc. – the makers of VMS Access, a cloud-based software product that integrates corporate procurement and vendor management systems (VMS) like SAP’s Fieldglass with CRM systems. VMS Access currently automates the data integration and workflow for filling job openings at over 350 of the world’s largest companies and enables staffing agencies to increase service levels, win more business, and improve productivity by reducing time-to-fill and data entry time.  As companies of all sizes migrate to SaaS-based services, Bullhorn will leverage The Code Works Inc.’s multi-national R&D team to develop integration solutions that will power new services enabling front office productivity improvements through the Bullhorn platform.

Key services offerings to be developed on the platform will include those for managed service providers (MSPs). Bullhorn currently provides client portals, candidate portals, and vendor portals to enable staffing agencies to act as MSPs or sub-vendors and operate different lines of business within Bullhorn, and the company will use The Code Works Inc.’s technology as a platform upon which to further develop technologies that enable agencies to operate and compete effectively in a world in which VMS usage is proliferating. The Code Works Inc. team’s much-valued industry knowledge in combination with considerable R&D resources from Bullhorn will help take Bullhorn’s existing MSP offering and accelerate it into an industry-leading suite of solutions to benefit staffing agencies of all sizes looking to capitalise on this rapidly-growing market.

Bullhorn acquires The Code Works Inc. as contingent labour demand is soaring thanks to increased globalisation, outsourcing, and the growing costs of hiring and retaining permanent employees. Addressing this trend, 70 percent of large buyers of temporary labour (including Fortune 500 companies) are now leveraging VMS solutions to streamline contingent workforce management. Spend flowing through VMS systems is growing at a rate of more than 20 percent per year – considerably faster than growth in overall staffing spend. The acquisition of The Code Works Inc. adds a proven, seamless integration between core recruitment system providers to enable agencies to take advantage of a market worth £24.1 billion in the UK alone.

“With this acquisition, we’re enabling companies to move their front office solutions to the cloud and to take advantage of Web-enabled services that power better decision-making and additional revenue opportunities,” said Art Papas, Founder and CEO of Bullhorn. “Bullhorn VMS Access will help drive Bullhorn’s growth in the VMS industry and beyond. This vendor neutral solution extends Bullhorn’s product portfolio and will allow us to develop new offerings to help improve customer productivity. Long-term, the Bullhorn VMS Access development team will help drive the development of Bullhorn’s data integration offerings, fundamental to our cloud-based Big Data offerings.  To drive better decision-making, companies are looking to integrate data from a variety of sources online; Bullhorn VMS Access will provide that engine for our customers.”

Jonathan Novich, Co-Founder and President of The Code Works Inc., will become Bullhorn’s new General Manager of Cloud-Based Integration Technologies. “I’m thrilled to be joining Bullhorn for several reasons,” said Novich. “First, they’re the clear market leader, so it makes good business sense to be aligned with them and to leverage their expansive resources to grow our offerings and provide better service to customers. Being a part of the Bullhorn family will enable rapid product expansion and accelerated platform development for customers of Bullhorn and The Code Works Inc. Beyond that, they have a strong vision for the future with Bullhorn providing a comprehensive set of cloud-based, front office services to help companies manage their customer relationships better. We’re excited to be part of that vision.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Findly Enhances Candidate Engagement with New Pollinators Innovation

August 15, 2014

Company Offers Out-of-the-box Integration of Lead Capturing Solution with its Keeper ATS to Enhance Talent Acquisition Process

SAN FRANCISCO (July 30, 2014) – Findly, the on-demand talent market leader and a Symphony Technology Group (STG) company, today announced the integration of its latest innovation, Pollinators, with its Keeper ATS, in order to improve the way employers find great talent. Through this latest product release, the company has integrated Pollinators, which are highly effective lead-capturing connectors that can be placed anywhere a job seeker engages with a company, with Keeper ATS, the company’s mobile-optimized applicant tracking system.

 

Now standard for all Keeper users, the integration brings significant improvement to the way employers identify, engage and hire top candidates. Companies benefit from extending their employment branding into their Findly Pollinators and easily capture job applicants into their Findly Talent Hive, giving them the ability to engage the talent community with new jobs and pinpoint specific positions for highly qualified candidates. Additionally, when applicants identified by a pollinator return in the future, their profile information can be updated automatically.

 

Findly’s goal is to change the way companies connect with top talent and streamline the process for hiring managers and candidates alike. With competition for top talent with in-demand skills greater than ever, recruiters need a comprehensive approach for engaging with candidates wherever they are. Job seekers increasingly expect the application process to be easy, intuitive and fast, and provide them with an overall positive candidate experience. By linking lead-capturing activities to the Keeper ATS, both parties benefit from a more streamlined, user-friendly and effective talent acquisition process.

 

Key features from this new release include:

  • Branded Pollinators: Candidates are presented with sharp-looking, custom-branded experiences that convey the experience of working for the company to help attract right-fit talent.
  • Relevant Experiences: The integration of Pollinators and Keeper ATS enables employers to maximize lead capture when candidates apply to jobs, log in or want to join a talent community.
  • Integration of Findly Product Portfolio: Pollinators add candidates into the employer’s Talent Hive, pass along a candidate’s email address into Keeper and update the Talent Hive profile information for returning applicants, creating a more streamlined process for finding and connecting with job candidates for truly on-demand talent.

“The ability to engage with candidates through a number of avenues, such as careers sites, social media, job boards and more, and present a fully branded experience is essential not only to finding qualified talent, but keeping the best candidates engaged,” said Jeff Kreutz, Findly’s senior vice president, Products. “By integrating Pollinators with Keeper ATS, hiring managers benefit from a simplified way to keep real-time information about their candidates, while providing a more engaging experience that keeps those individuals active members of their talent community.”

 

Additional information about Findly Pollinators and how they help employers connect with top talent can be found at: http://www.findly.com/find-ly-connectors/.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: State of Delaware Selects WorkForce Software to Consolidate Key Workforce Management Functions

August 15, 2014

Enterprise-wide Deployment Will Yield

Process Efficiencies and Enhance Reporting

LIVONIA, Mich. (July 29, 2014) – WorkForce Software, a leading provider of workforce management solutions, today announced the State of Delaware has selected the company’s EmpCenter® suite to automate time, attendance, leave and scheduling functions for all state agencies. WorkForce Software was one of several vendors the State of Delaware considered in a highly competitive selection process.

Historically, the differing needs and complex requirements of the many Delaware state agencies had prompted each to manage time, schedules and leave with separate systems. Recognizing the potential for improved consistency and cost savings, the State planned an initiative to consolidate these critical functions through an enterprise-wide, cloud-based software solution. Critical requirements included the ability to cover all employee groups, provide greater efficiency of scale and reduce infrastructure and operational expenses.

The simple web-based time entry and time-off request features provide a more convenient experience for employees.  Proactive alerts, real-time monitoring of schedules and labor costs, and detailed reporting will all help managers work more effectively. Moreover, WorkForce Software’s unique leave case management capability, which consolidates all documents and timelines related to an FMLA or other leave type, allows for a comprehensive workforce management solution from one provider.

“Large employers in all industries are seeking ways to improve the predictability, consistency and cost-effectiveness of their time, scheduling and leave management practices. EmpCenter represents an ideal solution because it allows those organizations to gain greater visibility and control, while simplifying the day-to-day tasks for managers and employees,” said Michael Jepsen, senior vice president of Sales for WorkForce Software. “We are excited to work with the State of Delaware and help it achieve greater cost efficiencies through an enterprise approach to workforce management.”

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: SilkRoad Closes New Round of Growth Funding

August 13, 2014

Slated to Fuel Next Generation Products and Continued Customer Success

CHICAGO, IL – July 8, 2014 – SilkRoad, a leading global provider of end-to-end talent management solutions, announced today it has secured a new round of funding to bring its next generation of cloud-based products to market. Developed in close collaboration with customers, the fall release of SilkRoad’s Life Suite will be the industry’s most complete and integrated talent management suite.

“Our marquis investors continue to express a strong vote of confidence in SilkRoad’s business, and the marketplace overall,” said John Shackleton, President and CEO of SilkRoad. “The next generation of our integrated talent management suite includes unique features that will make it even easier for our customers to build high caliber teams by attracting, developing, and retaining top talent.”

According to IDC, the worldwide human capital management (HCM) market is forecast to reach $15.4 billion in 2018, growing at a CAGR of 8.2%. Much of this growth is being driven by rapid changes that are occurring across the human resource spectrum, from talent acquisition through talent development and core HR management. These innovative offerings are making it easier for businesses of all sizes to solve many of the challenges that traditional software cannot address.

“SilkRoad is in a rapidly growing market with a proven management team that has a track record of building market-leading companies,” said Warren Weiss, General Partner of Foundation Capital, a leading SilkRoad investor.

The company is set to release the next generation of the SilkRoad Life Suite in the fourth quarter of 2014.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


HRchitect Tech Vendor News: Bombardier Speeds Global Talent Acquisition with Oracle Talent Management Cloud

August 13, 2014

Transportation Manufacturer Streamlines Recruitment across Multiple Divisions and Geographies

Redwood Shores, Calif. – July 14, 2014

News Summary

Bombardier, the world’s only manufacturer of both planes and trains with more than 71,700 employees around the world, is always searching for the best talent to engineer, design, manufacture, and market its innovative aerospace and rail solutions. To help align talent with demand, Bombardier is leveraging Oracle Talent Management Cloud, part of Oracle HCM Cloud, to provide a single, global applicant tracking system (ATS). Since upgrading to the latest version of Oracle Talent Management Cloud for recruiting, Bombardier has reduced recruiting time for technical and highly skilled positions, while increasing the quality and diversity of applicants.

News Facts

To enable a more strategic approach to talent acquisition across its global organization, Bombardier has upgraded to the latest version of Oracle Talent Management Cloud, a component of Oracle HCM Cloud, to propel its recruiting capabilities.
With large, time-sensitive orders for its transportation solutions, fast talent acquisition is critical to the company’s success, particularly for in-demand positions like engineers and project managers.
Facing competition across key geographies, Bombardier needed a more efficient way to source, assess, and acquire internal and external talent across its two divisions, Bombardier Transport and Bombardier Aerospace.
By combining its two applicant tracking systems into a single instance of Oracle Talent Management Cloud for recruiting, complete with advanced reporting and analytics, Bombardier increased the efficiency and effectiveness of its recruiting processes. This has enabled Bombardier to achieve:

o Faster Time to Hire – By automating its recruiting processes with Oracle, Bombardier accelerated the hiring lifecycle for technical and skilled positions, which comprise a majority of its needs.

o Increased Candidate Volume – The new Oracle ATS allows Bombardier to handle twice as much traffic from online applicants without an increase in dedicated IT staff.

o Greater Talent Diversity – With an integrated, global ATS, Bombardier now receives résumés that are more diversified by skill set and geography, enabling the company to scale its operations worldwide and create and staff centers of excellence with top talent.

o Reduced Training Time – By hiring more highly skilled candidates, Bombardier has reduced the amount of training it needs to provide both full-time employees and contractors.

o Consistent Innovation – By adopting the upgrades and enhancements Oracle delivers every six months, Bombardier is always at the cutting edge of recruiting technology, optimizing the experience for its recruiters and candidates.

Bombardier is using the recruiting capabilities of Oracle Talent Management Cloud, an integrated, end-to-end talent management solution that enables organizations to recruit, nurture, and retain top talent. It is designed to help modern HR leaders source and acquire talent, develop talent for critical roles, and promote a high-performance culture and collaborative learning environment.

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To learn more about HRchitect and how we can help your organization, please visit www.HRchitect.com. HRchitect is the leader in HCM systems strategic consulting.  As the premier Human Capital Management (HCM) Systems consulting firm, we offer end-to-end HR technology consulting services focused around strategic planning, evaluation/selection, project management and implementation of HR systems, Talent Management Systems, Talent Acquisition Systems, and Workforce Management software. After more than 17 years in business working on over 2100 successful engagements for more than 900 clients across the globe, HRchitect is a name you can trust for all of your organization’s HCM technology-related consulting needs.

Matt Lafata, HRchitect


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