Softscape, the global leader in integrated people management software, today announced a record first quarter with a 129 percent rise in sales bookings over the first quarter of 2007 that positions the company to exceed its profitability goals. Softscape attributes its growth to increasing global demand and continued expansion of existing customersí talent management initiatives.
Softscape continued to maintain high customer satisfaction and retention rates with many long-term customers increasing their human capital management (HCM) deployments in the first quarter. Based on a third-party audit, Softscape achieved a three-year average customer retention rate of 96 percent and is currently maintaining a 98 percent 12-month rate. Many new customers also joined the Softscape community in the first quarter, including the University of Notre Dame, document processing and postal solutions provider Bwe Bell Howell, a global biopharmaceutical services provider, and a large, global consumer products company.
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Overall new SaaS bookings increased significantly in the first quarter compared to the same period last year, and license bookings also rose as purchased software remains a viable choice for almost a third of new customers. The forecast for the second quarter looks to surpass expectations with continued growth coming specifically from large, global enterprises.
ìMore and more of our customers are expanding their deployments to include new modules and at a faster pace than previous years,î said Dave Watkins, chief executive officer, Softscape. ìThe real value of talent management is being realized across the globe, and customers are seeking fully integrated solutions. Our focus, as always, remains on delivering the highest quality results for our customers - the best products, the best service, and long-term relationships that help our customers solve real business issues.î
In addition, the first quarter launched Softscapeís third annual ìGlobal Talent Management Reviewî report. The report, which offers insight into the increasing demand for strategic human capital management solutions, found that 94 percent of human resources professionals feel that their personnel are not adequately prepared to meet their companiesí future goals. The issues facing organisations are related to employee retention, development, and performance, and these concerns have the full attention of senior management.
Softscape helps companies drive business performance by improving the productivity and effectiveness of employees while providing predictable analysis and measurement. With advanced functions for talent acquisition, assessment, development, and management, the company offers the most complete human capital management solution. The single, integrated platform provides the infrastructure for customers to better manage their workforces and make more informed business decisions.
For more information about Softscapeís human capital management solutions, please visit:
Softscape Locks in Solid First Quarter
Sales Rise Significantly on New and Expanded Customer Commitments
