BSG Alliance Acquires Iconixx Corporation
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BSG Alliance Corp.
Barton Oaks II
Austin, TX, 78746
Press release date: March 5, 2008
Creates a Major Force in On-Demand Talent Management Solutions
AUSTIN, Texas, March 5 -- BSG Alliance, the on-demand platform for next generation enterprises, today announces the acquisition of Iconixx Corporation. Iconixx is a leading provider of on-demand solutions for global talent management in large and mid-sized enterprises.
With the people, on-demand applications and customer base of Iconixx, the company has significantly increased the scope and size of Agile Talent(SM) -- one of several offerings in its subscription-based, on-demand portfolio.
"We are delighted to bring Iconixx onto our platform," said Steve Papermaster, CEO of BSG Alliance Corp. "Through our work with dozens of Global 2000 companies, we see a clear and pressing need for innovative approaches to acquiring and retaining the very best people in today's hyper-competitive world. CEOs and Chief HR leaders consistently cite their need to win the 'talent wars' in order to maintain and enhance their workforces -- one of their most important assets. Bringing Iconixx into BSG Alliance greatly accelerates our ability to power our customers' transformation into Next Generation Enterprises."
"We are excited about the opportunity to raise the bar in the industry for on-demand, Agile Talent solutions and applications," said Derrik Deyhimi, chairman of Iconixx Corporation. "In our experience, BSG Alliance's platform approach to transforming companies into next generation enterprises is exactly where the industry is headed. All signs point to the solutions of the future being delivered in a software-as-a-services model that are vertically integrated with the company's talent strategy."
The demand for talent management solutions has surged since 2005, according to analyst firm Kennedy Information, and grew to nearly $20 billion in 2007. A January 15, 2008 Wall Street Journal article ("Demand Rises for Talent Management Software") identifies one of many issues that shine a spotlight on the looming talent crisis: a labor shortage in industries across the board caused by the aging of the Baby Boomer generation and a decline in worker satisfaction. Faced with this and other challenges, companies are investing more in managing their talent than ever before.
About BSG Alliance Corporation BSG Alliance is an on-demand business innovation platform that enables companies to become next generation enterprises. Through its offerings in Agile Talent(SM) Agile & Collaborative Technologies(SM) and Customer-Driven Innovation(SM), BSG Alliance works with forward-thinking companies and their C-level executives to help them achieve sustainable success in today's hyper-competitive global economy. Customers that subscribe to the company's Next Generation Enterprises on-demand platform include a marquee list of Global 2000 companies in a range of industries. For more information, please visit http://bsgalliance.com/.
About Iconixx Corporation Headquartered in Houston, Texas, Iconixx Corporation has delivered more than 300 solutions in human capital management, enterprise compensation management and sales performance management since 1995. Iconixx leverages on-demand technologies to help clients like Allstate, Humana and many others increase sales and profits by improving sales force execution, channel management, customer service and management decision making. For more information, please visit http://www.iconixx.com/.
Jesse Brumfiel for BSG Alliance JB Labs, Inc. firstname.lastname@example.org 805/350-1674
Kaitlin Chase KChase@BSGAlliance.com 512/904-3470
Source: BSG Alliance Corporation
Web site: http://bsgalliance.com/ http://www.iconixx.com