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StepStone Solutions Agrees to Acquire MrTed - Expands Global Footprint, Extends Product Set and Strengthens True SaaS Capability

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LONDON & AUSTIN, Texas--(EON: Enhanced Online News)--StepStone Solutions (OSE:STP)(LSE:STPS), a global leader in Software-as-a-Service (SaaS) Talent Management solutions, has signed a binding agreement to acquire privately-owned e-recruitment software provider MrTed. Over 100 customers use the MrTedTalentLink product to recruit staff across 100 countries and over 90% of MrTed’s current revenues come from ‘Global 500’ businesses, including large Recruitment Process Outsourcers (RPOs). The acquisi a style='font-size: 10

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									StepStone Solutions Agrees to Acquire MrTed -
Expands Global Footprint, Extends Product Set
and Strengthens True SaaS Capability
August 02, 2010 03:11 AM Eastern Daylight Time  

LONDON & AUSTIN, Texas--(EON: Enhanced Online News)--StepStone Solutions (OSE:STP)(LSE:STPS), a
global leader in Software-as-a-Service (SaaS) Talent Management solutions, has signed a binding agreement to
acquire privately-owned e-recruitment software provider MrTed. Over 100 customers use the MrTedTalentLink
product to recruit staff across 100 countries and over 90% of MrTed’s current revenues come from ‘Global 500’ 
businesses, including large Recruitment Process Outsourcers (RPOs). The acquisition accelerates StepStone
Solutions’ global growth, extends its product set and strengthens its SaaS capability. For more information see
www.stepstonesolutions.com and www.mrted.com.

“For our customers and staff this is extremely exciting. Looking forward, the strength of both companies will enhance
the experience and means by which business managers interact with their talent and HR colleagues, generating
greater value for their businesses,” said StepStone Solutions CEO, Matthew Parker. “This combination creates an
even stronger player with unique capabilities to meet customer needs in terms of global reach, financial strength and
product set. Following our recent MBO in conjunction with HgCapital, this is an important milestone in our ambitious
plans for expanding and developing StepStone Solutions.” 

The acquisition accelerates StepStone Solutions’ global growth, adds a substantial new revenue stream, expands its
customer base worldwide and brings leading-edge technical capabilities in terms of product architecture and future
development capabilities. MrTed has operations in the US, UK, France, Germany, Netherlands, China and Poland,
substantially strengthening StepStone Solutions’ international presence and ability to service truly global customers.

"This acquisition marries StepStone Solutions' global execution expertise and infrastructure with MrTed's thought
leadership and true SaaS capabilities. This is a very welcome early demonstration of HgCapital’s commitment to the
global Human Capital SaaS market," commented Naomi Lee Bloom, Managing Partner, Bloom & Wallace.

MrTed has built an impressive customer base since its founding in 1999, with global brands that include Heineken,
Tommy Hilfiger and France Telecom. MrTedTalentLink, a fully SaaS-based offering, is recognised for a high level of
innovation in its architecture, particularly in the latest “Cloud 9” release. “Cloud 9” has earned top marks from
industry analysts like Gartner Group, (which positioned MrTed in the “Visionaries” quadrant of the 2009 Magic
Quadrant for e-Recruitment Software), and Bersin & Associates because of the solution’s advanced cloud
architecture, application portability and dynamic user interface.

“As the industry consolidates, integrating the MrTed business into StepStone Solutions makes a lot of sense for both
sets of customers and provides a safe pair of hands for the future. It creates a powerhouse software company with a
truly global footprint, an unmatched product set and great financial strength,” said MrTed CEO, Jerome Ternynck,
who will continue to work with StepStone Solutions in an advisory capacity.

StepStone Solutions

StepStone Solutions delivers world class technology for finding, recruiting, retaining, managing and developing
people. Our global talent acquisition and talent management solutions are available in many languages, with seamless,
internet-based access. With the support of our experienced professionals they can be quickly and reliably
implemented anywhere in the world, using SaaS or on-premises delivery, to give rapid return on investment. Over
1,500 organisations in 40 countries rely on StepStone Solutions every day to improve their business performance,
build effective talent strategies, and to help their people have more effective, enjoyable and rewarding careers.
StepStone Solutions operates in 16 countries and employs around 450 people. Its global customers include BASF,
Deloitte, Deutsche Telekom, Lufthansa, Kruger Products, PUMA, and Virgin Atlantic.

For more information see: www.stepstonesolutions.com, www.mrted.com, http://infullbloom.us

Product information: www.stepstonesolutions.com/solutions/ and www.mrted.com

Read our blog at: www.stepstonesolutions.com/communitypost

Take the Talent Strategy Assessment at: www.talentstrategyassessment.com

Try our Business Case Builder: www.stepstonesolutions.com/impact-tools/en-gb/bcb.

Read our research on talent management in 2010: www.stepstonesolutions.com/eiu

Contacts
Brands2Life
Robin Grainger / Catherine Moran
+44-(0)20-7592-1200
stepstonesolutions@brands2life.com
or
StepStone Solutions
Andrew Rodaway
Director of Communications
+44-7540-666439
Andrew.rodaway@stepstonesolutions.com

Permalink: http://eon.businesswire.com/news/eon/20100802005634/en/MrTed/MrTedTalentLink/SaaS-Talent-
Management-solutions

								
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