Lexington, MA, May 17, 2004 ñ Webhire, Inc., a leader in talent management solutions, announced its continued financial success with a record-setting quarter, including significant new customer wins, exceptionally high renewal rates, and a substantial increase in Healthcare business.
For the quarter ending March 31, 2004, Webhire exceeded its revenue projections by 12%, the highest total revenue projections in 6 quarters. Healthcare business achieved a 122% increase over the previous quarter. ìOur performance last quarter signals our continued momentum and strengthens Webhireís position as a leader in the talent management market,î said Susanne Bowen, President and CEO of Webhire. ìSignificant customer wins and renewal rates prove that Webhire offers unique solutions with fast return on value.î
Among Webhireís new customer acquisitions, Meriter Health Systems of Wisconsin selected Webhire Healthcare to improve its hiring processes, as well as to facilitate its goal of becoming an employer of choice for healthcare professionals.
ìWebhire Healthcare will make us more efficient in our recruiting efforts,î said Stacey Hartmann, Senior Analyst e-Solutions. ìBy improving the applicant experience, weíre well on our way to better candidate care.î
Renewal rates climbed as well due to the continued value of Webhire solutions and new features of the latest release. Lee Memorial Hospital, Harvard Vanguard Medical Associates, and Northrop Grumman are among the customers who renewed last quarter.
The turnaround in financial performance Webhire started almost a year ago is largely complete,î said Steve Murray, Webhire Board Member and Partner and CFO of Softbank Capital Partners. ìSusanne’s leadership at Webhire has provided focus, direction and energy to every aspect of the operation. The board is pleased that the financial results of the business announced today reflect this positive momentum.
As a continued mark of progress, Webhire plans to announce its next product release in June, positioning the current Webhire Recruiter and Webhire Healthcare products to acquire even greater market share.
For more information on Webhire talent management solutions, visit
Webhire announces another successful fiscal quarter
New customers, renewal bookings, and increased average deal size surpass FYQ2 goals