StepStone Solutions continues strong growth in Q1 2011 with almost 40% increase in revenue

StepStone Solutions continues strong growth in first quarter of 2011 with almost 40% increase in revenue over Q1 2010 and 79 new customers.
By: StepStone Soluitons
April 29, 2011 - PRLog -- StepStone Solutions, a global leader in talent management, today announced continuing strong revenue growth and particularly high levels of new customer acquisition during the first three months of 2011. StepStone Solutions signed 79 new customers in the period January-March 2011 and also contracted with 134 existing customers for increased commitments to the company’s products. StepStone Solutions now serves almost 1,700 businesses in around 70 countries, with well over a million active users of its Software-as-as-Service (SaaS) products. New customers were won in the first quarter across all operating countries.

Matthew Parker, CEO, StepStone Solutions, said: “Our growth and global success in so many regions is a great start to the year. Including acquisitions our business grew almost 40% over the equivalent period in 2010 as a result of both substantial enterprise wins worldwide, increasing use of our solutions by many existing customers and a continuing low level of customer churn.”

Among the highlights of the first three months of the year were the release of the latest version of StepStone Solutions’ MrTedTalentLink talent acquisition product, with major enhancements to the user experience and the web services API; the winning of a prestigious award - Best Talent Management Software Provider in Greater China 2010-2011; being again named as as ‘Leader’ in Gartner’s 2011 Magic Quadrant for Employee Performance Management; and major successes announced with global customers such as Banque de France, RKW-Group, Knauf, and Peugeot Citroën.

About StepStone Solutions
StepStone Solutions delivers world class technology for finding, recruiting, retaining, managing and developing people. Our global talent acquisition and talent management solutions are available in many languages, with seamless, internet-based access. With the support of our experienced professionals they can be quickly and reliably implemented anywhere in the world, using SaaS or on-premises delivery, to give rapid return on investment. 1,700 organisations work with StepStone Solutions in 70 countries every day to improve their business performance, build effective talent strategies, and to help their people have more effective, enjoyable and rewarding careers. StepStone Solutions operates in 17 countries and employs over 550 people. Its global customers include Alibaba, Bank of China International, Banque de France, Deloitte, Deutsche Telekom, EADS, Grupo Azucarero Mexico, Heineken, Huawei, Lufthansa, Merck, Group PSA Peugeot Citroën, PUMA, and Virgin Atlantic.

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StepStone helps businesses get more performance from their people, and helps develop global talent pools: attraction & hiring, talent & performance management, compensation management, skills & competency, succession planning, training & development.
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