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.

###

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: Hireology Raises $10 Million in Series B Funding from Bain Capital Ventures

August 18, 2014

-HR Technology Innovator Accelerates

Growth and Expansion into New Markets-

CHICAGO, IL. (August 12, 2014) – Hireology, the leading provider of employee hiring and selection management technology for multi-location organizations, today announced that it has raised $10M in Series B funding from Bain Capital Ventures.

Named the No. 1 Talent Management Platform in 2014 by HRO Today, Hireology leverages proprietary data and predictive analytics to help managers make the right hiring choice. Their flagship Selection Manager™ platform – a turnkey system that incorporates robust interview and selection tools; access to leading job boards; skills tests and personality assessments; and background screening – is used by over 1,500 customers globally across a variety of industries and business models including franchises, retail networks, dealer/distributor networks, financial services networks, physician groups and multisite manufacturers.

Mike Krupka, Managing Director of Bain Capital Ventures, led the funding on behalf of the firm and will join Hireology’s Board of Directors. Bain Capital Ventures invests in technology and technology-driven companies across all stages of development and has significant experience in HR application companies including Liazon, LinkedIn, SurveyMonkey and Taleo.

“In just a few years, Hireology has grown from a promising start-up into a major player in the HR technology field, providing easy-to-use talent management technology to organizations that previously did everything manually,” said Krupka. “Recognizing the strong growth potential of this company, we are excited to help Hireology expand and continue to bring much-needed innovation to decentralized hiring organizations around the globe.”

The proceeds from this investment will be used to accelerate Hireology’s customer acquisition and for continued investment in the development of proprietary analytics and technology to help field-based organizations transform their hiring processes.

“In a market that has traditionally focused on the administrative side of hiring, Hireology is unique in its mission to deliver better outcomes,” said Adam Robinson, Hireology co-founder and CEO. “Bain Capital Ventures has an unparalleled track record investing in disruptive HR technology. Mike and the BCV team bring their incredible experience and network to Hireology at precisely the right time.”

###

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: Technomedia Brings New Innovation to Talent Management Space with Latest Feature Pack Enhancements

August 15, 2014

Company Streamlines Talent Management Processes with Mobile First Design and New Talent Stream and Smart Assistant Features

NEW YORK and MONTREAL – July 29, 2014Technomedia, a leading provider of Talent Management Solutions, today announced the release of its second feature pack of 2014, following the release of its previous enhancements in February. In this latest update to its industry-leading talent management technology, the company offers employers greater efficiency and streamlined processes to truly enhance the way they align talent with business objectives.

 

As Technomedia continues to expand its presence and become a vendor of choice for organizations around the globe looking to optimize their workforces, the company continually reinvests in its technology to offer the most comprehensive talent management solutions on the market. With the latest enhancements to its award-winning talent management suite, the company provides employers with a streamlined technology platform that greatly improves the way they recruit, engage, develop and reward their employees, while helping them create and maintain successful workplaces.

 

This latest feature pack offers over 65new features and enhancements across all modules of its talent management suite. A few highlights include:

  • Enhanced Mobile Interface: Designed around best practice mobile first concepts, Technomedia’s Engage User Interface offers managers the ability to perform more of their talent management tasks on the mobile devices they use on a daily basis.
  • New Business Intelligence Platform: This powerful new tool sets the bar for robust reporting and analytics, providing users with the insight and business intelligence they need to make smarter, well-informed talent decisions.
  • Talent Stream: This new feature delivers one-click access, whether on a computer or mobile device, to all activities across the Technomedia Talent Management Platform, with familiar interfaces for managers and employees alike.
  • Smart Assistant: The new Smart Assistant serves as a personal assistant, continuously scouring the Talent Stream for any activities that are urgent and alerting the user of important actions that must be taken.
  • Performance Management: The latest performance assessment form enhancements offer a more simplified process and design while also making configuration more flexible and user-friendly.
  • People Reviews: New enhancements allow for enriched talent insight with seamless integration with the Learning and Succession modules.
  • Talent Acquisition: There are a host of new features attached to recruiting with enhanced workflows, onboarding activities, application processes, as well as tools for deeper and more robust candidate connection.

“A critical component of Technomedia’s success depends on our ability to read the market and deliver the solutions that not only meet client demands but exceed their expectations,” said Dwaine Maltais, executive vice president and general manager for U.S. Operations for Technomedia. “Our new feature pack introduces several innovations that not only bring greater efficiencies to the talent management process, but also more deeply engage users, further enabling our clients to make smarter decisions around their talent and ensure a strong ROI.”

###

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.

###

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.

###

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: Saba Provides Selected Fourth Quarter and Fiscal Year 2014 Financial Metrics

August 13, 2014

Record New Cloud Bookings Drive Over 100% Year-Over-Year Growth in the Fourth Quarter

Redwood Shores, Calif., July 14, 2014 – Saba (OTC Pink: SABA), a global leader in next-generation cloud solutions for talent management, today provided an update on its business momentum and its progress on the restatement of historical financial results.

“Saba ended fiscal year 2014 with very strong bookings growth in the fourth quarter and we plan to build on that momentum in fiscal year 2015,” said Shawn Farshchi, President and CEO, Saba.  “New cloud bookings during the last three quarters of fiscal year 2014 grew 75% over the last three quarters of fiscal year 2013, culminating in record fourth quarter new cloud bookings.  We experienced strong growth in all geographies, in our small and medium sized business markets, and in our behind-the-firewall to cloud migrations.  With an adept talent management sales team, a growing pipeline, and a robust demand environment, we believe we are well positioned to deliver new cloud bookings growth in excess of 30% in fiscal year 2015.”

While the Company is not yet in a position to report detailed financial results for its fourth quarter and fiscal year 2014, ended May 31, 2014, as a result of its pending restatement of certain historical financial results, the Company is providing the following selected financial metrics that are not expected to be impacted by the restatement:

  • New cloud bookings (annual contract value) grew over 100% in the fourth quarter of fiscal year 2014 as compared to the fourth quarter of fiscal year 2013.  Fiscal year 2014 new cloud bookings grew 25% over fiscal year 2013.
  • 47 new customers were added in the fourth quarter for a total of 174 new customers in fiscal year 2014.  New customers in the fourth quarter included Bank of New York Mellon,  Northwestern University, George Washington University, Blue Care, Availity, Alestra Mexico, Sony Mexico, Kyowa Hakko Kirin Co., and Shutterfly.
  • 16 customers signed to migrate their talent solution from behind-the-firewall to Saba Cloud in fiscal year 2014; seven in the fourth quarter.  Customers include Intel, Network Appliance, Allina Health System, American International Group, URS Corporation, Bose, and the City of Houston.
  • Cloud renewal rates were 90% in the fourth quarter and 89% for the full fiscal year 2014.
  • Cash and cash equivalents were $27 million (after payments in the fourth quarter of fiscal year 2014 of approximately $3 million associated with the accounting review and restatement and approximately $1 million associated with non-recurring items) and total debt was $69 million at May 31, 2014.
  • Cash flow from operations was $2 million for the fourth quarter of fiscal year 2014 (excluding approximately $3 million associated with the accounting review and restatement).

With over 21 issued or pending patents, Saba continues to strengthen its leadership as one of the world’s most innovative and unified talent management providers.  Saba introduced its Spring 2014 Release, during the fourth quarter of fiscal year 2014, making Saba Cloud more engaging, intelligent, and extensible.  Key innovations across the Saba Cloud Platform include:

  • Learning@Work — introduced remote video proctoring and multiple levels of approvals with support for serial and parallel approval flows
  • Performance@Work — developed To-Do-List that allows employees and managers to group annual development plans into smaller accomplishable goals with various deadlines
  • Collaboration@Work — created the concept of “rooms” where users can aggregate all their session content and meetings in one place
  • Recruiting@Work — added granular approval workflow and approval reminder notifications
  • Architecture and Foundation — enhanced Marketplace by adding seamless integrations to OpenSesame and HireRight to our diverse ecosystem of third-party application partners that include Workday, Salesforce, Microsoft, Monster, LinkedIn, and TalentBin

As previously announced, we are currently working towards completing the audits of prior periods and fiscal year 2014 and anticipate regaining SEC compliance during the fourth calendar quarter of this year.  We plan to hold an annual meeting of stockholders as soon as practical after regaining compliance with the Company’s SEC filing requirements.

Conference Call
Saba will host a teleconference call and live webcast today, Monday, July 14, 2014, commencing at 5:00 p.m. Eastern Time, to discuss its business momentum and its progress on the restatement of historical financial results.  To join the call, please dial +1.800.230.1092 or +1.612.288.0337.  The access code for the conference call is 329942.  To listen to the live webcast, please go to the Investor Relations page of the Saba web site at http://investor.saba.com and click on the Live Webcast icon.

A replay of the conference call will be available shortly after its conclusion.  The replay dial-in number is +1.800.475.6701 or +1.320.365.3844.  The access code for the conference call replay is 329942.  The replay can also be accessed from the Investor Relations page of the Saba web site at http://investor.saba.com and will be available through August 14, 2014.

###

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: Saba Marketplace Bolsters its Talent Ecosystem with HireRight and OpenSesame

August 13, 2014

Drag-and-Drop Capabilities Integrate Third-Party Talent Sourcing, Employee Screening and Learning Content and Services

REDWOOD SHORES, Calif. – June 25, 2014 – Saba (OTCPink: SABA), a global leader in next-generation cloud solutions for intelligent talent management, today announced Saba Marketplace has welcomed HireRight and OpenSesame to its diverse ecosystem of third-party application partners for the Saba Cloud. First announced at the company’s @Work 2014 annual global user conference, Saba Marketplace seamlessly integrates numerous applications across learning, talent and HRMS into a single interface, simplifying and accelerating talent sourcing, employee development and collaboration. Saba Cloud customers now have access to OpenSesame for training excellence and HireRight for employee screening, in addition to a wide range of leading industry applications including Active Directory, Broadbean, Cisco WebEx, LinkedIn, Microsoft Dynamics, Monster, Salesforce, SimplyHired, TalentBin and Workday.

To better support their business, HR and Talent professionals need to be able to easily navigate and connect the actionable information dots from an ever-expanding number of talent, CRM and enterprise services. With its unique drag and drop functionality, Marketplace enables users to quickly implement and continuously fine-tune their HR hub. Fast and easy access and configuration means that organizations have real-time control and can swiftly respond to shifting business priorities. The latest additions to Saba Marketplace allow for the quick creation of learning programs and acceleration of hiring for key positions.

“Organizations – regardless of size, industry or location – are avidly seeking ways to easily empower employees by keeping pace with the services and technologies available today,” said Hemanth Puttaswamy, CTO and Senior Vice President of Products and Development, Saba. “Saba Marketplace delivers intelligent, multi-faceted applications and services under one hood, closing the costly and time consuming gap between data, geographies and critical business initiatives. With the addition of HireRight and OpenSesame, we continue to push the future of application networking and provide our customers an array of integrated solutions.”

###

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: Atkins Selects Cornerstone OnDemand to Provide Talent Management Software

August 12, 2014

LONDON – 23rd July 2014 – Cornerstone OnDemand (NASDAQ:CSOD) announced today that Atkins, one of the world’s leading design, engineering and project management consultancies, has selected Cornerstone’s unified, cloud-based talent management software, including solutions for learning and performance, to help individuals progress their careers across the organisation.

Atkins introduced Cornerstone Learning and Cornerstone Performance to its employees over the last year, and will be adding further Cornerstone Succession functionality incrementally. Atkins selected Cornerstone following a competitive tender process and together, the sweep of capabilities in one product will help to standardise the approach, culture and employee experience across Atkins.

Mark Jones, director of learning and development for Atkins, commented: “Atkins recognises the importance of every employee’s performance and skills in supporting our vision to be the world’s best infrastructure consultancy. Effective talent management software enables us to have a consistent approach across all our operations, and it has already provided greater engagement and ownership for individuals around their performance, development and career planning.”

“We’re delighted to be working with Atkins and ensuring that people are placed firmly at the centre of its business,” said Vincent Belliveau, senior vice president and general manager, EMEA, for Cornerstone OnDemand. “An organisation’s people are critical to its success and therefore providing consistent and effective performance management is key.”

###

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: Cornerstone OnDemand Adds Etsy CFO Kristina Salen to its Board of Directors

August 12, 2014

SANTA MONICA, Calif., July 9, 2014 Cornerstone OnDemand Inc. (NASDAQ: CSOD), a global leader in cloud-based talent management software solutions, today announced that Kristina Salen, chief financial officer of online marketplace Etsy, has been elected to Cornerstone OnDemand’s board of directors effective as of July 8, 2014.

Salen has served as chief financial officer of Etsy, an online marketplace, since January 2013. From January 2006 to January 2013, Salen served in several roles at Fidelity Investments, one of the largest mutual fund and financial services groups in the world, including as global sector leader of media, internet and telecommunications. Salen holds a B.A. in Political Science from Vassar College and an M.B.A. from Columbia University.

“Having first led investments in many of today’s foremost technology companies, and now as a leader in one of the fastest growing consumer Internet companies, Kristina is a strong financial and operating executive with a solid understanding of today’s technology landscape,” said Adam Miller, president and CEO of Cornerstone OnDemand. “I am very pleased to welcome Kristina to our board of directors and am excited to work with her to continue Cornerstone’s innovation and growth.”

“Cornerstone has continually strengthened its position not only as a leader in the talent management market, but also in the broader technology space. I look forward to supporting the company’s success in driving innovation and empowering the new world of work,” commented Salen.

In connection with Salen’s election, Byron Deeter, partner at Bessemer Venture Partners, resigned from Cornerstone OnDemand’s board of directors, effective as of July 8, 2014. Miller commented, “Byron has been a fantastic advisor, partner and friend in helping us build a world-class technology company. We want to thank Byron for his invaluable insights and wish him continued success as an incredibly accomplished venture investor.”

###

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: Halogen Software Named to the 2014 PROFIT 500

August 7, 2014

Revenue growth over the last five years lands Talent Management leader on the PROFIT 500 list of Canada’s Fastest-Growing Companies

Ottawa, ON – July 2, 2014 — Canadian Business and PROFIT have named Halogen Software (TSX: HGN) to the 26th annual PROFIT 500. Published in the July issue of Canadian Business and online at PROFITguide.com, the PROFIT 500 is the definitive ranking of Canada’s Fastest-Growing Companies by five-year revenue growth.

“The members of the PROFIT 500 are the elite of the country’s entrepreneurial community,” says James Cowan, Editor-in-Chief of Canadian Business and PROFIT. “Their stories are lessons in business strategy, innovation, management excellence and sheer tenacity.”

Halogen Software made the PROFIT 500 list based on revenue growth of 149 percent over the past five years. The company’s growth is driven by its established reputation for customer satisfaction with its organically built talent management suite, as well as global market demand for talent management solutions. According to Gartner, talent management software represented a $3.3 billion opportunity last year alone, with a largely untapped opportunity emerging from domestic/regional midsize and global midsize organizations.1 Halogen has seen strong uptake of these solutions worldwide among its target market — mid-market enterprises — and estimates the total addressable market opportunity in this sector to be $15 billion USD.

“We are very pleased to be recognized as one of Canada’s most successful growth companies,” says Paul Loucks, President and CEO of Halogen Software. “It’s a testament to the strength of our go-to-market strategy in helping mid-market companies build world-class workforces, deliver better business results and establish talent as a lasting competitive advantage.”

###

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: HRsmart Named Awesome Product of the Year in 2014 by Network Products Guide

August 4, 2014

Richardson, TX – July 16, 2014 – HRsmart, a leading provider of global, unified talent management solutions, today announced that Network Products Guide, industry’s leading technology research and advisory guide, has named HRsmart “Awesome Product of the Year” for the 9th Annual 2014 Hot Companies and Best Products Awards.

These industry and peer awards from Network Products Guide are the world’s premier information technology awards honoring achievements and recognitions in every facet of the IT industry. An annual achievements and recognition awards program with active participation from a broad spectrum of industry voices, the coveted annual Hot Companies and Best Products recognition program encompasses the world’s best in organizational performance, products and services, executives and management teams, successful deployments, product management and engineering, support and customer satisfaction, and public relations in every area of information technology.

“It’s an honor to be recognized as Awesome Product of the Year for this esteemed industry and peer award,” says Mark Hamdan, CEO of HRsmart. “This great recognition shows our hard work and dedication to provide the best talent management solution for our customers.”

“This 9th annual industry’s premier excellence awards program is proud to honor and celebrate the achievements in every facet of the IT industry,” said Rake Narang, editor-in-chief at Network Products Awards. “HRsmart’s product encompasses the world’s best in talent management, and we are proud to recognize HRsmart’s Unified Talent Management solution as the Awesome Product of the Year.”

HRsmart was presented with the Awesome Product of the Year award in San Francisco during the 9th annual dinner and presentations.

###

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: HealthcareSource Acquires Nursing Continuing Education Courses from Bluedrop Learning Networks

August 4, 2014

Acquisition adds 142 nursing courses to HealthcareSource’s eLearning Library and gives Bluedrop rights to resell HealthcareSource content internationally

Woburn, MA –  July 23, 2014 HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, today announced the acquisition of 142 custom developed, continuing nursing education (CNE) approved courses from Bluedrop Learning Networks, a global leader in eLearning solutions. Terms of the acquisition also allow Bluedrop Learning Networks to resell HealthcareSource proprietary content internationally through its distribution channels.

The addition of these courses to the HealthcareSource eLearning Library℠ expands the HealthcareSource-owned library of CNEs to more than 200 courses, which are in addition to the several hundred other healthcare compliance and clinical education modules HealthcareSource owns. Through the addition of these 142 courses, the eLearning Library offers more than 2,800 hours of pre-approved continuing education hours.

“The timing of this sale is advantageous for both HealthcareSource and Bluedrop Learning Networks,” said Emad Rizkalla, founder and CEO of Bluedrop Learning Networks. “As HealthcareSource is investing in deepening and expanding its eLearning Library, Bluedrop Learning Networks has decided to focus on other core business lines. The reseller agreement allows us to leverage the value of the HealthcareSource brand to provide an expanded library of content to international markets.”

The eLearning courses included in the acquisition integrate medical and technical information with practical situations, stories from real world clinical experiences and the use of medical animations, interactivities, and 3D graphics. They cover a wide variety of high-demand and popular nursing-specific topics and include the most complete library for nursing leadership development available in the market.

“We are pleased to expand our CNE offerings to more than 200 courses and add additional eLearning content in the nursing specialty categories of leadership, emergency nursing, critical care, neurology, and obstetric-neonatal,” said Michelle Leavitt, Director of Courseware and Product Strategy at HealthcareSource. “Additionally, the reseller agreement enables Bluedrop Learning Networks to market and sell our newly-expanded CNE offering through international channels.”

The eLearning Library, a part of the HealthcareSource Quality Talent Suite℠, contains more than 4,000 courses in clinical and non-clinical compliance, coding and reimbursement, continuing education, clinical reference, and other areas. In addition, the eLearning Library has partnerships with industry-leading organizations to provide users with access to award-winning, world-class, online education.

###

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: HealthcareSource Recognized as “Great Place to Work in Healthcare”

August 4, 2014

Company momentum continues with recognition from leading healthcare publications and solution provider  

Woburn, MA –  July 1, 2014 HealthcareSource®, the leading provider of talent management solutions for the healthcare industry, announced today that it has achieved industry recognition from healthcare industry leaders Becker’s Healthcare, Healthcare Informatics, and Kronos Incorporated.

HealthcareSource Named to Becker’s 150 Great Places to Work in Healthcare
Becker’s Healthcare develops its “150 Great Places to Work in Healthcare” list through nominations and editorial research. The 2014 list was expanded to include healthcare providers — medical groups, ambulatory surgery centers, hospitals and health systems — along with other types of healthcare-specific companies, such as consulting firms, health IT vendors, medical societies and more. The 150 organizations, including HealthcareSource, were chosen for their robust benefits, wellness initiatives, commitment to diversity and inclusion, professional development opportunities and work environments that promote employee satisfaction and work-life balance.

HealthcareSource Ranked Among Healthcare Informatics 100
The Healthcare Informatics 100 listing provides a unique information resource and financial overview of vendors active in the healthcare IT market. Each year Healthcare Informatics ranks the 100 vendors with the highest revenues derived from healthcare IT products and services earned in the U.S. based on revenue information from the previous year. HCI 100 is among the many accolades HealthcareSource has achieved for consistent revenue growth.

HealthcareSource Receives Healthcare Partner Recognition Award
Kronos Incorporated, the global leader in workforce management solutions, recently presented HealthcareSource its Kronos Connect Program partner recognition award for healthcare. Based on the integration of Kronos Workforce HR® and the HealthcareSource® Quality Talent Suite℠, healthcare organizations of all sizes can benefit from a comprehensive workforce and talent management solution.

###

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: Skillsoft Publishes e-book to Help Organizations Evaluate Cloud-based Learning Solutions

August 4, 2014

Guides readers in selecting solutions based on employee development objectives and business goals

NASHUA, N.H.–(BUSINESS WIRE)–Skillsoft has introduced a new resource, Cloud-Based Learning Solutions: Making the Right Choice for Your Enterprise, to help learning and development decision-makers fully understand cloud-based learning and how best to leverage it to achieve specific business goals. Including contributions from industry thought leaders, checklists, and case studies, the complimentary e-book is an all-encompassing guide that educates organizations on everything from selecting a cloud learning solution to realizing improved business outcomes.

“Learning investment decision-making is quickly becoming about ‘future-proofing’ and choosing resources and technologies that will remain valuable even as the ways learners consume learning change over time,” said Pam Boiros, Vice President, Corporate Marketing, Skillsoft. “It’s important for organizations to understand the benefits of partnering with the right provider so their programs can evolve along with the business and learning environments.”

Cloud-Based Learning Solutions covers today’s complex learning and development ecosystem and the ways businesses can best leverage cloud-based learning content and platforms. The e-book is intended for readers across human resources, IT and learning & development functions and walks them through the main considerations of making a decision around cloud learning solutions, including:

  • Why cloud-based learning? Explores the features, benefits and common myths surrounding cloud-based learning.
  • What cloud-based learning success looks like: Looks at the four building blocks of success—engagement, alignment, adoption and value—and how putting the right learning resources in place supports them.
  • Developing the business case for cloud-based learning: Addresses common barriers to adoption, and looks at best-practices for communicating the business case to stakeholders, for implementing a cloud-based learning solution.
  • Selecting the right cloud-based learning partner: Comprehensively assesses the criteria for choosing a cloud-based learning partner, including content, enabling technologies, service and experience.

###

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: SAP Announces Second Quarter 2014 Results

July 29, 2014

SAP Raises Cloud Outlook
Strong Cloud Momentum with 39% Growth and Broad Market Adoption of SAP HANA Continues – Validating “Run simple” Vision

Walldorf, Germany –

  • Raising Full Year 2014 Non-IFRS Cloud Subscriptions and Support Revenue Outlook to €1,000 – €1,050 Million at Constant Currencies
  • Fastest Growing Enterprise Cloud Company at Scale: Non-IFRS Cloud Subscriptions and Support Revenue Increased 39% at Constant Currencies (32% at Actual Currencies)
  • Strong Cloud Billings: Non-IFRS Calculated Cloud Billings Increased 37% at Constant Currencies
  • Growing the World’s Largest Business Network: Approximately 1.55 Million Connected Companies Transacting Approximately $540 Billion
  • Broad Market Adoption of SAP HANA as Real-Time Business Platform:
    1,200 SAP Business Suite on HANA Customers
  • Delivered Second Quarter at High End of Full Year SSRS Outlook: Non-IFRS Software and Software-Related Service Revenue Increased 8% at Constant Currencies (4% at Actual Currencies to €3.48 Billion)
  • IFRS Operating Profit of €698 Million (2013: €988 Million) Impacted by Provision of €289 Million for Seven-Year Old Versata Litigation
  • Non-IFRS Operating Profit Increased 7% at Constant Currencies (4% at Actual Currencies to €1.24 Billion), Resulting in a 60 Basis Point Increase in Non-IFRS Operating Margin at Constant Currencies (1)

SAP SE (NYSE: SAP) today announced its financial results for the second quarter and first half ended June 30, 2014.

BUSINESS HIGHLIGHTS IN THE SECOND QUARTER 2014
SAP again delivered strong growth in the cloud and a solid performance in its core business. With non-IFRS cloud subscriptions and support revenue increasing 39% at constant currencies (32% at actual currencies) SAP is the fastest growing enterprise cloud company at scale (2). Non-IFRS software and software-related service revenue grew 8% at constant currencies (4% at actual currencies).

At the Company’s user conference SAPPHIRE NOW in May SAP launched the “Run simple” strategy with cloud and SAP HANA at its core to simplify the business experience and consumption for its customers. HANA is radically simplifying the technology stack. Cloud is radically simplifying the consumption of SAP’s solutions. As a first example for “Run simple” the Company has included the SAP FIORI user experience within underlying licenses of SAP software.

“We are successfully executing our shift to the cloud helping customers run simple – from total workforce management in the cloud to frictionless commerce through the world’s largest business network,” said Bill McDermott, CEO of SAP. “And we are redefining customer engagement with our omni-channel e-commerce platform – all of this in real time demonstrating our clear commitment to be THE Cloud Company powered by SAP HANA.”

“With 8% constant currency growth in non-IFRS software and software-related service revenue we are delivering solid growth at the high end of our full year outlook range. We continue to improve our profitability with operating profit up 7% on a non-IFRS constant currency basis leading to double-digit growth in non-IFRS EPS,” said Luka Mucic, CFO of SAP. “As we continue to expand our cloud business we have increased our full year non-IFRS cloud subscriptions and support revenue outlook to €1,000 – €1,050 million at constant currencies.”

SAP’s annual cloud revenue run rate is now approaching €1.2 billion (3) or $1.6 billion (4). Non-IFRS calculated cloud billings (5) increased 37% year-over-year at constant currencies. Non-IFRS deferred cloud subscriptions and support revenue was €448 million as of June 30, 2014, a year-over-year increase of 29% at constant currencies. SAP’s cloud applications total subscribers now exceed 38 million, which is the most of any enterprise cloud vendor in the industry today. The Company has also launched “Industry Cloud” to build the deepest and broadest industry cloud solutions.

SAP is redefining customer engagement. Its hybris omni-channel e-commerce platform in combination with Cloud for Sales saw triple-digit growth in software revenue and cloud subscriptions and support revenue.

SAP is enabling the global “Network Economy” with approximately 1.55 million connected companies on the world’s largest cloud-based business trading community. Trailing twelve month Ariba network spend volume (6) was approximately $540 billion – two times the size of Amazon and eBay combined. The addition of Fieldglass expands our network capabilities by increasing our addressable market to cover flexible workforce in addition to materials and services.

The Company saw continued broad market adoption of SAP HANA as the Real-Time Business Platform across all industries and regions. SAP HANA is at the core of the Company’s “Run simple” strategy: integrating all SAP solutions on ONE business platform in the Cloud. SAP saw accelerated HANA momentum and now has more than 3,600 HANA customers and more than 1,200 customers for SAP Business Suite on HANA. SAP HANA is also evolving into the leading technology platform with more than 1,500 startup companies building applications on SAP HANA and new strategic partnerships with HP and VMware.

Second Quarter 2014 Regional Revenue

SAP saw a strong performance in EMEA, despite uncertainties due to the Ukraine crisis. Non-IFRS software and software-related service revenue increased 8% year-over-year at constant currencies. This was the result of 51% growth in non-IFRS cloud subscriptions and support revenue at constant currencies for the region as well as strong software revenue growth in the UK and France.

The Americas region had a solid performance. Non-IFRS software and software-related service revenue increased 6% year-over-year at constant currencies. The region continued the fast transition to the cloud with 34% growth in non-IFRS cloud subscriptions and support revenue at constant currencies. SAP also saw strong software revenue growth in Canada and continues to see strong demand in Latin America with tremendous growth opportunities.

In the APJ region SAP had a strong performance. Non-IFRS software and software-related service revenue grew by 12% at constant currencies. Non-IFRS cloud subscriptions and support revenue grew by 48% at constant currencies. Australia and Malaysia were highlights, with strong triple-digit software revenue growth at constant currencies.

(1) Starting in the second quarter 2014 SAP additionally adjusted its non-IFRS operating expenses definition by excluding the expenses resulting from the Versata litigation. Prior period amounts have been adjusted to comply with the new definition. Second quarter 2013 non-IFRS operating margin is now 29.0%.
(2) Defined as enterprise application companies with an annual cloud revenue run rate above €1 billion.
(3) The annual revenue run rate is the total of second quarter 2014 non-IFRS cloud subscriptions and support revenue (€242 million) plus non-IFRS cloud-related professional services and other service revenue (€54 million) multiplied by 4.
(4) Translated into USD for reader’s convenience based on $/€ exchange rate of $1.37/€1.00 at the end of the second quarter 2014.
(5) Total of a period’s cloud subscriptions and support revenue and of the respective period’s change in the deferred cloud subscription and support revenue balance. The opening balance for Fieldglass deferred cloud subscriptions and support revenue at May 2, 2014 was €1 million (both on an IFRS and non-IFRS basis). In the second quarter 2014, Fieldglass contributed €11 million to SAP’s cloud subscriptions and support revenue (both on an IFRS and non-IFRS basis).
(6) Network spend volume is the total value of purchase orders transacted on the Ariba Network in the trailing 12 months.


%d bloggers like this: