Workscape Achieves Strong Sales Through First Half of 2008
Outsourced Benefits Administration and Talent Management Provider Reports New Client Agreements, Successful Implementations; Welcomes New Hires to Support Continued Growth
| Source: Workscape
MARLBOROUGH, MA--(Marketwire - September 11, 2008) - Workscape, Inc., a leading provider of
outsourced
benefits and talent
management solutions, today announced significant achievements for the
first half of 2008, including new and renewed client agreements, a number
of strategic new management hires, and successful implementations of its
strategic workforce solutions.
Since 1999, Workscape has developed business-critical human resource
solutions that enable organizations to manage their two largest workforce
expenditures: employee benefits and performance-driven compensation. As a
result, customers rely upon Workscape's award-winning solutions to support more than
3,000,000 workers in more than 100 organizations located in 180 countries,
including 32 Fortune 500 companies and 15 of the Global 500.
Workscape Welcomes New Clients
Among new customers adopting Workscape's outsourced benefits administration
(OBA) offering are: Fujitsu America, Inc., which provides administrative
and financial support to Fujitsu North American companies and Acosta Inc.,
North America's leading sales, marketing and service company for consumer
packaged goods manufacturers. Other new customers include the world's
leading multi-brand interactive commerce network.
The first half of 2008 also witnessed Workscape's successful renewal of
many OBA contracts, as well as a number of expanded service agreements with
existing clients, such as a company that develops and manufactures
information technologies; a leading global healthcare products company; and
the operator of two of the world's largest rental car providers.
Organizations signing on in 2008 to use Workscape's award-winning talent
management offerings are Cisco and a worldwide diversified entertainment
company. A global business and IT consulting company will use the Workscape
Express application for its integrated, Web-based suite of compensation
planning and performance management capabilities. Other companies renewing
their multi-year talent management solution agreements include a leading
global technology services company; the world's largest provider of
merchant processing services; the worldwide leader in pharmaceutical
services; and a financial services provider for the U.S. military personnel
and their families.
In addition to the new client agreements, several organizations activated
their Workscape HR solutions during the first half of 2008 including an
international book seller for Workscape's outsourced benefits
administration offering; a global leader in healthcare, lighting and
consumer lifestyle and the world leader in mobility for Workscape's talent
management solutions.
New Alliances, Product Enhancements Drive Growth
Workscape has released several product enhancements and upgrades since the
beginning of the year. These include a new version of its award-winning
talent management suite -- which has garnered 92% customer adoption on the
SaaS (software-as-a-service) delivery model -- adding GroupManager
functionality, as well as enhanced compensation planning productivity
through an updated Adobe Flex-based user interface. The company also
released new versions of its enterprise Compensation Planner and
Performance Manager talent management solutions, which enable tighter
integration with enterprise resource planning (ERP) companies like SAP,
Oracle/PeopleSoft and Lawson.
In June, Workscape announced an alliance with ConnectYourCare, a top-ranked
Consumer-Directed Healthcare (CDH) account platform provider, to offer the
first integrated CDH benefits platform in the marketplace. By incorporating
ConnectYourCare's CDH administration technology into Workscape's existing
benefits platform, large employers can continue to use their own health
plans for claims processing, while providing a superior customer experience
for health-related service point-of-purchase ease and flexibility.
Strategic Additions for Fast-Growing Company
As Workscape continues to take advantage of the ever-increasing market
demand for its solutions, several new professionals joined Workscape
between January and June 2008. They include: Tony Marzulli, Chief Marketing
Officer; John Miele, Vice President of Service Operations for the OBA
Business Unit; and Chris O'Grady, Vice President of Sales for the Talent
Management Unit. The company will look to these leaders to build on the
momentum achieved in 2007 and the first half of 2008.
"Workscape remains focused on being responsive to our clients' HR and
business needs to make 2008 another year of exceptional innovation and
profitable growth," said Tim Clifford, president and CEO of Workscape. "Our
new clients, as well as our existing clients who have renewed or expanded
their relationships with us, are further validation of our approach and the
value our outsourced benefits administration and talent management
solutions deliver. As Workscape celebrates its 10th anniversary in 2009,
we are well positioned to garner an even greater percentage of the HR
applications market that, according to industry analysts, will grow to $8.8
billion next year."
About Workscape Outsourced Benefits Administration (OBA)
Featuring powerful, easy-to-use technology, Workscape's OBA offerings
include benefit manager analytics for plan management, rapid plan design
change management, and an integrated WebMD content and application to
inform employees of personal health and benefit decision options. At the
heart of Workscape OBA is a 24x7 U.S.-based HR Service Center staffed by
experienced benefits professionals.
About Workscape On-Demand Talent Management Suite
Workscape's award-winning, multi-lingual compensation solution helps
customers manage more than $100 billion in compensation, streamlines
compensation cycles, ensures consistency and fairness, and empowers
managers to pay-for-performance while adhering to corporate guidelines and
budgets. The company's performance management solution has managed more
than one million performance ratings, automating the performance management
process and fully aligning goals, competencies, results and compensation
throughout customers' organizations. Both products are delivered via the
software-as-a-service (SaaS) model, can be deployed individually or fully
leverage Workscape's integrated Web-based platform and are now also
available in Express versions for mid-sized companies.
About Workscape
Workscape is a leading provider of business-critical HR solutions that
enable hundreds of organizations to manage their two largest workforce
expenditures: employee benefits and performance-driven compensation.
Workscape's offerings share a common technology platform, can be readily
integrated with existing IT investments, serve millions of employees, and
are scalable and configurable to meet the distinct requirements of
organizations ranging from 2,000 to over 400,000 employees. One client
uses the company's award-winning multi-lingual compensation solution to
compensate hundreds of thousands of employees across 70 countries.
Workscape's outsourced benefits administration offerings are backed by
U.S.-based 24/7 support for managers and employees on policies and
processes. For more information about Workscape, visit www.workscape.com or
call (888) 605-9620.