MrTed announces sales up 300%

In the last 6 months alone, no less than 45 new enterprise customers have adopted MrTedTalentLinkô as their Talent Management solution of choice.

I am extremely pleased with our performance in 2006. Sales have basically gone through the roof across all countries and product lines and it keeps on accelerating stated Jrme Ternynck, MrTed founder and CEO.

In Europe, MrTed strengthened its leadership on high-end Talent Management Solutions across all countries with the addition of 22 new European customers in the last 6 months including companies such as Allen and Overy, AON, Axfood, BMW, Danfoss, Deutsche Apotheker Bank, Eurilogic, Gothaer, Jeronimo Martins, Kraft Foods, Orange, Pages Jaunes, PKN Orlen, Tom Tom, RWE Npower, SGS and TNT Worldwide .

Reflecting on the companyís market position, Monster selected MrTed as an exclusive Premier Alliance partner for Europe. This high-profile alliance has now been rolled out across all European countries where the two companies started joint-selling integrated solutions.

At Monster we take pride in our international reach and working with MrTedís global talent management solution available in 25 languages with local consultant and support teams re-emphasizes this. This was a key reason in our decision to work with MrTed in this significant European Alliance commented Martin Ericksson, European Solutions Director at Monster.

MrTed also continued to penetrate the high-growth HRO/RPO segment with the addition of 11 new RPO partners including Crystal RPO, Lorien Resourcing, TAL-OS, Talent2 and TMP Worldwide.

Sales were equally strong across Asia Pacific with new client deployments in Australia, India, Japan, Korea, Malaysia, New Zealand and, of course, China where MrTed has been the first provider of Talent Management solutions to obtain a full business license. In the last 6 months, MrTed signed up 12 new customers in Asia Pacific including Lenovo , Japan Tobacco, Johnson and Johnson, Jones Lang LaSalle, Sony, Standard Chartered Bank and Volkswagen.

While expanding at this fast pace, MrTed continued to focus on offering service excellence to its existing customer base that spans 120 companies and 60,000 users across all continents. Renewal rate in 2006 was 99.2% in number of customers and 128% in value driven by increased adoption of MrTedís solutions and further geographical deployments.

One of the prominent reasons behind MrTedís high growth this year was the fact that the market for global solutions is now beginning to reach a certain maturity threshold. As predicted, many worldwide deployments of one-size-fit-all solutions have proven to be failures on local grounds and corporate decision makers have started to realize that Talent Management issues call for locally adapted solutions.

To be effective, a global solution must match local requirements in each country. Otherwise, what you get is a very expensive global career website that actually doesnít help your recruiters acquire top talent on their home markets says Raymond Van Der Wal, Global Head of Delivery at MrTed.

Reflecting on MrTedís unique Global-Local approach, Rolf Rijkmans, Director HRandO Resources at ASML , added Our global roll-out of MrTedTalentLinkô was very smooth and it is a pleasure to see our recruiters in the United States, Asia and Europe start to enjoy the benefits of the solution in their day-to-day local recruiterís life while we, at headquarters, start to see the benefits of global consistency in employer branding, process standardization, reporting and Talent pools

On the MandA front, MrTed confirmed the successful integration of refline AG , German leading provider of e-recruitment solutions which it acquired in March 2006. We are thrilled with the quality of the team, the technology and the customer relationships. This has proven to be a really good step for MrTed in the German market and overall. commented Jerome Ternynck.

Commenting on these annual results, Andrey Glukhov , Vice President Research at Brean Murray, Carret and Co , said: I have been impressed by MrTedís outstanding performance this year in an increasingly competitive market. With an accurate vision of market trends and a unique technology proposition, MrTed has been rewarded by impressive increase in sales. We shall watch for their next steps in 2007 .

Mr. Ternynck concluded I want to thank all our customers for their renewed trust in MrTed and congratulate our team for their passion, talent and outstanding achievements. We look forward to an exciting 2007.

Highlights
* 300% year on year increase in sales
* 45 new customers in H2 2006
* 30% employees growth in last semester
* 99.2% renewal rate in number of customers
* 128% renewal rate in value