Softscape, the global leader in integrated people management software, today announced strong growth in the first half of 2008 with continued profitability and significant momentum across both mid-market and large enterprises.
Growth is attributed to strong global demand for fully integrated people management technology, superior service delivery, and accelerated expansion from existing customers.
Softscape currently maintains an industry high customer retention rate of ninety eight percent (98%), with a three year average of ninety seven percent (97%), while maintaining steady growth and profitability.
Overall new business sales grew twenty six percent (26%) in the first half of 2008 over the same period in 2007, and the company is on track to achieve its year-over-year growth goals.
Recurring revenues are up twenty nine percent (29%) in the first half of 2008, as its growing customer base continues to leverage the company’s SaaS delivery model.
License sales remain consistent representing thirty three percent (33%) of all new customers.
Increased international sales from EMEA and APAC now accounts for thirty six percent (36%) of current sales driven by both increased pay-for-performance adoption and a platform that supports more than thirty (30) languages.
Several global multi-million dollar customers, and significant momentum in the mid-market, indicate that the global economy is accelerating its demand for Talent Management technology in the competitive war for talent.
Recent new Softscape customers include Foxtel, Bowe Bell & Howell, and SRA International (NYSE:SRX).
The Company surpassed 3.6 million users, representing an average twenty seven thousand (27,000) users per customer.
“Softscape was the only vendor that offered us all of the functions in a single integrated platform,” said Verónica Elizondo Ortiz, senior HR director ALFA (Mexican: ALFA).
“They build best practices into their solution which helped us build consistency across our multiple global business units. Softscape is also very configurable which makes administration very easy, and lets us change the application to meet our needs without any customization.”
Customers consistently highlight Softscape’s strong domain expertise and personal unpressured approach to helping them achieve their goals.
Softscape has an exceptional internal corporate culture across all of its global offices driven by individual achievement and customer success.
The Company is one of the few HCM vendors that educates and certifies every employee on domain expertise and Talent Management software.
Customer achievement is ensured when every employee is able to provide expert advice and help solve real business issues.
The company’s long established Professional Services organisation also continues to expand its global domain expertise offering customers proven and unmatched delivery efficiency.
Sales from existing customers more than tripled in the first half of 2008 compared to the same period last year.
Working very closely with customers, Softscape also pioneered the industry with new product innovations including an interactive goals map, ratings distribution management, Talent Mapping and organisational visualisations, dynamically changeable user experience themes, compliance management, and a new Talent Acquisition suite, all in a single integrated platform.
Softscape’s Talent Acquisition suite has been significantly expanded and includes configurable job distribution tools to populate online job boards, career site and resume parsing tools, automatic HRMS integration and on-boarding best practices, seamless Microsoft Outlook integration, compliance and audit controls, and dozens of new standard reports and dashboards.
“Our continued growth is the measure of our ongoing customer achievements,” said Softscape CEO Dave Watkins.
“Softscape’s close family of customers continues to represent the leaders in the industry who all share our long-term vision to improve business performance through better people management. We remain focused on our customer’s success and in delivering real value-based innovation that organisational leaders can leverage today.”