StepStone Solutions, a global leader in Software-as-a-Service
(SaaS) Talent Management solutions, has completed the acquisition of privately-owned
e-recruitment software provider MrTed. The acquisition adds over 130 customers to
StepStone Solutions’ existing customer base of 1,500 global businesses, including
names such as France Telecom, Heineken, SGS, Alexander Mann Solutions, Wolters
Kluwer, and Randstad. The acquisition accelerates StepStone Solutions’ global
growth, extends its product set and widens its existing SaaS capability. For
more information see www.stepstonesolutions.com
MrTed’s highly regarded MrTedTalentLink product, a fully
SaaS-based offering, is recognised for a high level of innovation and
flexibility in its architecture, which allows it to be rapidly configured to
support individual user requirements within the context of a standardised,
SaaS-based corporate environment.
As such it delivers both high levels of user satisfaction and operational efficiency while remaining
cost-effective to deploy and manage in the largest, multi-national enterprise talent
acquisition projects. MrTedTalentLink has earned top marks from industry
analysts. Gartner Group,
positioned MrTed in the “Visionaries” quadrant of its 2009 Magic
Quadrant for e-Recruitment Software.
In its 2009 and soon-to-be-published 2010 studies of talent acquisition
systems, Bersin & Associates highlights MrTedTalentLink’s advanced cloud
architecture, application portability and dynamic user interface.
“Our immediate experience of working with the MrTed team,
customers and products has been very rewarding, with a strong similarity in our
cultures and processes,” said StepStone Solutions CEO, Matthew Parker. “The
increase that MrTed brings in many areas of capability, combined with the
global reach, customer base and market expertise of StepStone Solutions, give
us an unmatched ability to serve customers of all types and sizes in every
market including Europe, Asia-Pacific and the US.”
“This acquisition makes absolute sense,” said Josh Bersin,
president of Bersin & Associates, a leading research and advisory firm
focused on enterprise talent management and learning. “Combined, these two companies have
significant global market share. We
estimate that the talent acquisition market will continue to grow by about 10%
over the next year, with much of that growth coming from global expansion. Stepstone Solutions is well positioned
to capitalise on this opportunity.”
The MrTedTalentLink product will continue to be developed,
marketed and fully supported under the ownership of StepStone Solutions.
“I’m delighted that MrTedTalentLink, our staff and customers have
found such a great home under the StepStone Solutions brand,” said Jerome Ternynck,
MrTed’s former CEO, who will continue to work with StepStone Solutions in an
advisory capacity. “Our customers should be particularly pleased as this
acquisition will enhance the value they will get from their investment in MrTedTalentLink
through the greater resources of a major player like StepStone Solutions.”
