Authoria Delivers 78-Percent Growth in Second Quarter
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Marked Momentum Fueled by Increase in On-Demand Customers Moving to Completely Integrated Talent Management
WALTHAM, Mass.-- Sept. 1, 2006--Authoria, Inc., the leader in integrated talent management solutions, today announced record-breaking results for the second quarter (ended June 30) with a 78-percent increase in revenue. Trends were marked by existing customers expanding their deployment of Authoria® 2006, a full suite of strategic talent management solutions, numerous customer conversions to Authoria's on-demand model, and new customer wins that span diverse industries.
As market leader, Authoria hosted the company's eighth annual - and most successful - Authoria User Conference during the quarter; partnered with industry leaders including Forrester Research, Towers Perrin, Carlson Companies, and FM Global to discuss talent-management issues through a series of webcasts; and was designated by the Boston Business Journal as the second-fastest growing software company in Massachusetts.(1)
"As the leader in integrated talent management solutions, our continuing success validates our strategy and the strength of our offerings," said Authoria Chairman and CEO Tod Loofbourrow. "We are partnering with the world's largest organizations to help them realize significant gains in attracting, hiring, developing, and retaining superior workforces with an ever-shrinking supply of talent. The benefits our customers are realizing speak for themselves. A large manufacturer with 76,000 employees reduced turnover to 3 percent. The world's 11th largest employer cut time to hire in half. Regis Corporation saved $500,000 in the first six months, and Royal Caribbean Cruises Ltd. saved $3 million in the first two years."
"With more than 4,000,000 on-demand users of Authoria solutions, we continue to drive toward full adoption of on-demand delivery of integrated talent management," Loofbourrow continued. "This quarter we saw a rapid conversion of customers to Authoria's on-demand model. Some of these customers have already begun to reap the benefits of on-demand, including streamlined processes, faster realization of strategic talent-management initiatives, rapid upgrades, and lower costs."
About Authoria
Authoria® is the leading provider of integrated talent management solutions, helping employers increase the productivity of their workforce in driving their business strategy forward. Authoria's products have been awarded Top Product of the Year by Human Resource Executive Magazine six times, more than any vendor in the history of HR technology. Authoria 2006 includes recruiting, performance management, compensation management, succession planning, and benefit and policy communication, while providing just-in-time knowledge and coaching for managers and employees. Authoria's award-winning solutions have proven successful for more than 300 large employers, representing more than 10 million employees. Customer companies include Boeing, Pfizer, Reuters, and Unocal. For more information, visit www.authoria.com
(1)"Area's Largest Software Developers," Boston Business Journal, July 21-27, 2006
Contacts
Michael Blaber,
Authoria, Inc.,
781-530-2102,
michael.blaber@authoria.com
Kevin Kosh,
CHEN PR, Inc.,
781-672-3111,
kkosh@chenpr.com
