StepStone records almost 30% increase in new customer wins in third quarter for in its SaaS Talent Management business

LONDON--(BUSINESS WIRE)--StepStone (OSE: STP.OL)(LSE: STPS.L), a global leader in talent management solutions, has signed over 70 new customers in the third quarter (July-September) of 2009 against 55 in its second quarter, a near 30% increase. In addition, StepStone closed over 100 contracts for additional commitments with existing customers, also an increase over Q2 2009. New customer growth was achieved in all of StepStone’s major markets, and with each major product line strongly represented. Wins were recorded with a very wide range of customer types, including major global corporations, important national businesses, government organisations and the education and not-for-profit sectors. StepStone has also recently introduced a new, entry-level web-based product, Candidate Tracker, which spans its Online and Solutions businesses, and initial response from customers has been strong, with over 150 units sold in its first month of introduction.

“Our market share footprint continues to expand in a very satisfactory way, and this growth in new Solutions business, combined with signs of stabilisation we are seeing in our Online business, is very encouraging for the future,” said StepStone CEO, Colin Tenwick. “We have demonstrated an ability, even in markets which remain very competitive, to build momentum and win new business whilst continuing to secure better penetration in our existing customer base. This also contributes to consolidating our position as the leading European based talent management provider. Our track record of international delivery, our depth of talent management technology, and our financially effective, rapid deployment SaaS business model are key factors for businesses looking to maximise business performance from their people.”

New customers announced in recent months include cabling giant Nexans; RWE, one of Europe’s largest energy utilities; sporting goods manufacturer Puma; speciality chemicals company AlzChem; and global broadcaster MTV.

“The variety of companies choosing StepStone underlines that business talent has no boundaries,” added Colin Tenwick. “Smart companies in every sector and every part of the world are coming to us for technology to help them gather, manage and use the information they need to build world-class talent management systems and to find, retain and develop great employees across their operations.”

About StepStone

StepStone helps businesses get increased performance from their people, helps them build and develop global talent pools, and helps people find new jobs that match their talents. Across the world thousands of organisations rely on StepStone every day to improve their business performance and talent development strategies while millions of people rely on StepStone to improve their careers. StepStone delivers world class technology and services for finding, recruiting, retaining, managing and developing talented people.

StepStone operates some of Europe’s largest talent networks, accurately matching employers with potential employees, and provides a complete suite of Human Capital Management software solutions. StepStone’s on-demand (SaaS) software and services enable organisations to implement efficient processes, including; attraction and hiring, post-hire talent management, performance management, compensation management, skills and competency management, career and succession planning, training and development management.

StepStone was founded in Norway in 1996 and listed on the Oslo Børs (Ticker@ STP.NO) in 2000 and the London Stock Exchange (LSE: STPS.L) in 2008. At the end of June 2009 more than 1,600 organisations, including many of the world’s leading businesses, use StepStone software and services. It operates in 17 countries and employs around 800 people. Its global customers include Aviva, Deloitte, Deutsche Telekom, Lufthansa, McDonald’s, Puma, ThyssenKrupp and Volkswagen.

For more information: www.stepstone.com.

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

Take the Talent Strategy Assessment at www.talentstrategyassessment.com

Robin Grainger/Catherine Moran
Brands2Life
+44-(0)20-7592-1200
stepstone@brands2lIfe.com
or
Andrew Rodaway
Director of Communications
+44-7540-666439
StepStone
Andrew.rodaway@stepstone.com