StepStone Confirmed as a Leader in Integrated Enterprise Talent Management Technology by New Bersin Report

AUSTIN, Texas & LONDON--(BUSINESS WIRE)--StepStone (OSE: STP.OL)(LSE: STPS.L) has once again been confirmed as a key leader in the global market for integrated enterprise-level Talent Management solutions in a new report from the sector’s leading research and advisory company, Bersin & Associates. StepStone was noted for the depth and breadth of its integrated talent management technology, the ability to deliver flexibly in both hosted (SaaS) and on-premises forms, its support for complex, global impementations, and its strong financial performance and market growth. To date over 1,300 customers around the world rely on talent management solutions from StepStone, including household names like Deutsche Telekom, McDonald’s, Puma, and Volkswagen.

“The economic climate has brought the need for enterprise talent management into sharp focus at smart companies,” said Jim Cassidy, Chief Marketing Officer of StepStone. “With reduced headcounts and greater competition for market share, acquisition, retention and management of talent at all levels has to be a priority for winners. Bersin’s report notes the importance of a global approach to talent management, the importance of integration across the suite, and the alignment of all employees to business goals. The report specifically identifies StepStone as one of a small group of providers with the capabilities, scale and global reach to achieve that.”

The Bersin & Associates study, Talent Management Systems 2010, is a highly comprehensive market analysis and covers all major solution providers. However, according to the study, “the real market leaders are starting to emerge.” The study notes that StepStone has a substantial customer base and financial stability and is a ”leader” across all major functional categories, which underlines its capability to deliver a cross-functional, integrated solution.

Josh Bersin, president, added: “StepStone has carved a strong position as a global provider in talent management. The company’s offering is functionally complete across the critical disciplines and has the proven ability to deliver in multiple markets, including the United States, Europe and and Asia-Pacific. These are key requirements for multi-national companies with a global view of talent strategies, particularly in areas such as leadership development, compensation and performance management.”

The Bersin & Associates study also notes that software-as-a-service (SaaS) is the predominant and preferred delivery model for talent management systems and that widespread acceptance of the SaaS delivery model has played a significant role in the rapid growth of the market for talent management systems. ”Adoption of the SaaS model has dramatically increased the pace of product innovation and the frequency of product releases in the market,” notes the study.

StepStone was recently ranked sixth in the world in the list of Software-as-a-Service (SaaS) providers in Software Magazine’s Software 500, making it the top ranked European SaaS company in the list. StepStone was also ranked the second largest specialist supplier of talent management solutions worldwide.

The Bersin & Associates study also looks at the capability of vendors to support global enterprises. In the case of StepStone, that the study notes: “Today, StepStone supports some of the largest and truly global performance and succession management implementations. We believe that any large, global organization pursuing integrated talent management strategies would benefit from the company’s proven experience serving the needs of global customers.”

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.

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 see: www.stepstone.com.

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