Strong Momentum in Q4 for StepStone

StepStone today announced that both its Online and Solutions business units made notable progress in Q4.

In StepStoneís Online business invoiced sales continued to show strong demand through to the end of the year, driven by record visitor traffic and our highest ever number of vacancies listed.

Several countries achieved excellent quarterly sales notably Germany, Belgium, Norway and Denmark and the performance of recent acquisitions has been particularly pleasing. The contributions of both IT-Jobbank and JobbSverige in Denmark and Sweden respectively helped both countries to deliver their best quarterly performance since acquisition.

StepStoneís Solutions business, has signed a record 81 new customers, 30% more than during the previous record quarter of Q4 2005.

New customer wins include:

The strongest quarter to date in the important public sector market with 8 new public sector customers
The addition of Recaro and GEA Group in Germany to a fast growing German customer roster
8 new customers in The Netherlands including leading insurer VGZ IZA
6 new customers in France - including Starbucks and Coliposte.
19 new customers in Denmark
Land Securities, State Street Bank and The British Library in the UK

In the quarter StepStoneís success as an innovative and successful e-recruitment company has been internationally recognised. In a recently published report into global e-recruitment vendors from Gartner, an independent research firm, StepStone is the only European vendor of e-recruitment solutions positioned within the much-desired Leader Quadrant of Gartnerís Magic Quadrant Report. In addition, commenting on the recent acquisition of ExecuTRACK, Gartner noted that the new combined entity ìÖwill be a formidable competitor to U.S based providersî.

Commenting on the momentum update StepStone CEO Colin Tenwick said

ìStepStone looks set to finish 2006 with strong momentum. Both business divisions were incredibly busy fulfilling demand right through to the end of the year. This combined with the exciting news of completing the acquisitions of ExecuTRACK and Jobfinder sets a solid foundation for growth in 2007 for StepStoneî.

StepStone will be publishing its full Q4 results on March 1st 2007.