StepStone Solutions Continues Upward Momentum with Another Record Revenue Quarter; Completes the Acquisition Of MrTed in Q3 2010

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StepStone Solutions Continues Upward Momentum with Another Record Revenue Quarter; Completes the Acquisition Of MrTed in Q3 2010 Powered By Docstoc
					StepStone Solutions Continues Upward
Momentum with Another Record Revenue
Quarter; Completes the Acquisition Of MrTed in
Q3 2010
    l   Adds 51 new customers in 13 countries across US, Asia-Pacific and Europe

October 21, 2010 09:05 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) total talent management solutions, has recorded its third record
revenue quarter in a row in the period July-September 2010. The Company also successfully completed the
acquisition of European talent acquisition leader MrTed during the period, further driving its market share globally
and adding to future revenue and earnings performance. Organic revenue growth (excluding the acquisition of Mr
Ted) was 31% over the equivalent period in 2009.

“Global customer demand for our talent acquisition and management solutions is growing in all markets as companies
recognise the value of finding, retaining and developing the best people to help them drive recovery and future
growth,” said StepStone Solutions’ CEO, Matthew Parker. “The acquisition of MrTed adds substantially to our
capability to meet the most demanding customer needs, with a product, MrTedTalentLink, that offers an exceptional
and highly customisable app-based user experience combined with the functionality required by major international
businesses. During Q3 we cross-trained our sales and delivery teams in both companies’ technology and that effort
has already created contracted new business.” 

Revenues increased 31% over the equivalent period in 2009 and 9% over the second quarter of 2010. Earnings also
increased substantially over prior periods through revenue growth and good cost management. Growth was driven
by the addition of 44 new customers in 13 countries, including the US, UK, China, Singapore, Hong Kong and
across Europe.

New customers announced during the quarter included US-based McKee Foods, Spanish food group Campofrio,
Asia-Pacific based optical components supplier Oclaro, chemical giant Yara, the Copenhagen Metro, and major
French retailer Redcats. In addition over 100 existing customers increased their commitment to the company, buying
additional products or modules from StepStone’s Total Talent Management Solution range. StepStone Solutions
now provides talent acquisition and talent management technology to over 1,600 organisations in the US, Europe
and Asia-Pacific.

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
1,600 organisations in 50 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 550 people. Its global customers include Alibaba,
Bank of China International, Carlson Wagonlit, France Telecom, Deloitte, Deutsche Telekom, Heineken, Lufthansa,
Kruger Products, PUMA, and Virgin Atlantic. StepStone Solutions concluded the acquisition of MrTed and its
MrTedTalentLink product in August 2010.

For more information see: www.stepstonesolutions.com
Product information: www.stepstonesolutions.com/solutions/
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
StepStone Solutions
Catherine Moran / Karla Winch
Brands2Life
+44 (0)20 7592 1200
stepstonesolutions@brands2lIfe.com

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Description: LONDON & AUSTIN, Texas--(EON: Enhanced Online News)--StepStone Solutions (OSE:STP)(LSE:STPS), a global leader in Software-as-a-Service (SaaS) total talent management solutions, has recorded its third record revenue quarter in a row in the period July-September 2010. The Company also successfully completed the acquisition of European talent acquisition leader MrTed during the period, further driving its market share globally and adding to future revenue and earnings performance. Organic revenue g a style='font-si
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