Evaluation Based on Completeness of Vision and Ability to Execute
EMERYVILLE, CA- December 8, 2009 – Cytiva Software, Inc. (CRX:TSX.V), a respected provider of on-demand talent management solutions, today announced it has been positioned by Gartner, Inc. in the eRecruitment Magic Quadrant report.1
The report examines “vendors that have more than 100 e-recruitment software customers with more than 1,000 employees, more than $25 million in total revenue (license, maintenance and services) or both.” Gartner’s evaluation criteria is based on the company’s completeness of vision and ability to execute, which includes market understanding, overall viability, innovation, business model, market responsiveness and customer experience, among other criteria.
“We believe our positioning in the eRecruitment Magic Quadrant by Gartner is the result of our commitment to be among the best recruiting systems available,” said Jason Moreau, CEO of Cytiva Software Inc. “In our opinion, Cytiva’s focus on providing the best applicant experience available, combined with positive product and service feedback from clients contributed to our positioning in the Magic Quadrant.”
Cytiva’s SonicRecruit was designed for mid to large sized organizations and forms the basis of Cytiva’s talent management suite that includes the SonicPerform performance management system and the SonicOnboard employee onboarding product. The Sonic suite of talent management applications provides world class functionality for mid sized organizations that desire high levels of service and robust configurability.
ABOUT CYTIVA SOFTWARE INC.
Cytiva Software Inc. (CRX:TSX.V) provides innovative on-demand talent management software and services to mid-sized and Fortune 500 companies. Its flagship recruiting software product, SonicRecruit, allows corporations to screen applicants, automate recruiting departments, customize corporate career sites and hire great people. This premier applicant tracking system improves recruiting effectiveness, speeding up the hiring process and reducing cost per hire. Cytiva’s SonicPerform employee performance management software automates employee evaluations, aligns employees around key goals and encourages year round feedback. For more information, visit http://www.sonicrecruit.com.
ABOUT THE MAGIC QUADRANT
The Magic Quadrant is copyrighted 2009 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
1) Gartner, Inc. “Magic Quadrant for E-Recruitment Software” by James Holincheck and Thomas Otter, December 2009.
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
Forward-looking Statements: This news release contains forward-looking statements related to the future financial condition and results of operations of Cytiva. These statements are based on current expectations and estimates about the human resources markets in which Cytiva operates and management’s beliefs and assumptions regarding these markets. These statements are subject to important risks and uncertainties which are difficult to predict and assumptions which may prove to be inaccurate. Some of the factors which could cause results or events to differ materially from current expectations include but are not limited to: general economic conditions, market or business conditions; changing competitive environment; changing regulatory conditions or requirements; changing technology; and success in implementing productivity initiatives. Some of these factors are largely beyond the control of Cytiva. Should any factor impact Cytiva in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by Cytiva will be realized or, even if substantially realized, that they will have the expected consequences for Cytiva. Readers should not place undue reliance on any forward-looking statements. Further, Cytiva disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.