OTTAWA — August 04, 2010 — Halogen Software Inc., a leading provider of online talent management solutions today announced the close of the company’s second quarter 2010, resulting in a record first-half of the fiscal year with best ever annual recurring revenue (ARR) — a 42% increase year-over-year. Halogen’s accelerated growth in ARR is considerably ahead of the growth rate of other established HCM vendors.
Revenue and customer growth have come in tandem with increasing win rates over major competitors, and an enhanced and expanded talent management offering. In the second quarter Halogen announced Version 10 of its suite, which will include a number of major enhancements including a new user experience, the company’s latest product module — Job Description Builder , and a new vertical solution for the public sector.
Among the many new customers that joined Halogen in the second quarter of 2010 are leading mid-market organizations from healthcare, manufacturing, professional services, financial services, education and public sector markets. These sectors are target verticals for the company which has built market share by providing industry-specific solutions to address the unique talent management needs of these key markets. Just a few of Halogen’s new customers included: 24/7 Real Media, Acadian Asset Management, Bader Martin, Blitz Media, Eastern Municipal Water District, Federal Home Loan Bank, Government Services Integrated Process Team, Harbar, IGPS Company, Jenco, MAKO Surgical Corporation, Nexgen Pharma and Palo Verde Health Care District.
“We know that while all employees benefit from having an effective talent management program, newer employees just entering the workforce expect employers to be focused on development, coaching and other key areas,” said Christina Semaniuk, Vice-President of Human Resources with Cambrian Credit Union “Halogen provides us with a powerful, convenient and cost effective way to manage performance evaluations, develop critical talent, and ensure employee goals are aligned with those of the organization.”
As the economy continues to recover, companies looking for effective ways to retain employees are increasingly considering how to leverage the best tools to support this goal. These business drivers have fueled Halogen’s continued growth. The company’s award-winning products and a commitment to exceptional customer service have consistently positioned Halogen as a leader in the talent management space — with solutions that help make a positive difference in the lives of millions of employees every day.
“Halogen stood out among the solutions we evaluated as a robust, user-friendly and easily implemented solution, “said Kathy Vinson, Director of Human Resources with the Space Foundation. “Our implementation consultant was a pleasure to work with, and our implementation process —one month from contract signing to “go live” — was exceptional. Halogen enables us to provide consistent performance management efforts across our organization. Comprehensive and thoughtful performance management is key to team member retention and satisfaction, and Halogen’s solution supports this culture.”
To help drive further adoption of talent management in support of its customers’ business objectives, Halogen announced a major update to its award-winning Talent Management Suite with the upcoming release of Version 10. This new release provides a significant transformation to Halogen’s suite, including a new user interface that delivers best-in-class product usability and learnability. Version 10 also includes Job Description Builder, the industry’s first and only solution to include job descriptions as part of the performance management workflow. In addition, the company announced a new talent management suite that makes it easy and affordable for public sector organizations to align their workforces and drive a culture of high performance, ongoing development and commitment to quality service.
About Halogen Software
Halogen Software is recognized as a market leader by industry analysts and is strongly endorsed by the thousands of HR professionals who use their Talent Management solutions. The company offers a complete suite of web-based products that automate, simplify and integrate performance appraisals, 360 degree feedback, compensation management, succession planning and learning management. Halogen’s offering makes HR best-practices accessible to companies of all sizes and its healthcare, education, manufacturing, public sector, financial services and professional services specific suites meet the unique needs of these industries. Halogen is consistently recognized by the industry and its customers for its exceptional implementation and support services, and has won multiple awards for its corporate leadership and product innovation, including HR Technology Product of the Year. For more information, visit www.halogensoftware.com.
PR Consultant, Halogen Software
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