StepStone Solutions Closes MrTed Acquisition - Expands Capability to Address Global Talent Acquisition Market


LONDON, August 24, 2010 -- StepStone Solutions, a global leader in Software-as-a-Service (SaaS) Talent Management solutions, has completed the acquisition of privately-owned e-recruitment software provider MrTed. The acquisition adds over 130 customers to StepStone Solutions' existing customer base of 1,500 global businesses, including names such as France Telecom, Heineken, SGS, Alexander Mann Solutions, Wolters Kluwer, and Randstad. The acquisition accelerates StepStone Solutions' global growth, extends its product set and widens its existing SaaS capability. For more information see www.stepstonesolutions.com

MrTed's highly regarded MrTedTalentLink product, a fully SaaS-based offering, is recognised for a high level of innovation and flexibility in its architecture, which allows it to be rapidly configured to support individual user requirements within the context of a standardised, SaaS-based corporate environment. As such it delivers both high levels of user satisfaction and operational efficiency while remaining cost-effective to deploy and manage in the largest, multi-national enterprise talent acquisition projects.

MrTedTalentLink has earned top marks from industry analysts. Gartner Group, positioned MrTed in the "Visionaries" quadrant of its 2009 Magic Quadrant for e-Recruitment Software. In its 2009 and soon-to-be-published 2010 studies of talent acquisition systems, Bersin & Associates highlights MrTedTalentLink's advanced cloud architecture, application portability and dynamic user interface.

"Our immediate experience of working with the MrTed team, customers and products has been very rewarding, with a strong similarity in our cultures and processes," said StepStone Solutions CEO, Matthew Parker. "The increase that MrTed brings in many areas of capability, combined with the global reach, customer base and market expertise of StepStone Solutions, give us an unmatched ability to serve customers of all types and sizes in every market including Europe, Asia-Pacific and the US."

"This acquisition makes absolute sense," said Josh Bersin, president of Bersin & Associates, a leading research and advisory firm focused on enterprise talent management and learning. "Combined, these two companies have significant global market share. We estimate that the talent acquisition market will continue to grow by about 10% over the next year, with much of that growth coming from global expansion. Stepstone Solutions is well positioned to capitalise on this opportunity."

The MrTedTalentLink product will continue to be developed, marketed and fully supported under the ownership of StepStone Solutions.

"I'm delighted that MrTedTalentLink, our staff and customers have found such a great home under the StepStone Solutions brand," said Jerome Ternynck, MrTed's former CEO, who will continue to work with StepStone Solutions in an advisory capacity. "Our customers should be particularly pleased as this acquisition will enhance the value they will get from their investment in MrTedTalentLink through the greater resources of a major player like StepStone Solutions."

About MrTedTalentLink

MrTedTalentLink is a true, on-demand global talent acquisition solution that helps global organisations find and acquire local talent on a worldwide scale. MrTedTalentLink supports all types of recruitment - external, internal, graduate, redeployment and outplacement, contingent workforce and vendor management. It also supports all types of models, from shared services to outsourced recruitment and hybrid arrangements. MrTedTalentLink is easy to deploy, implement and optimize - a feature-rich solution with extensive multilingual capabilities, stringent data privacy protection and robust compliance functionality without sacrificing usability or the ability to seamlessly integrate with other systems. MrTedTalentLink brings the benefits of cloud computing to the world of talent acquisition with an engaging new user experience and a world of application modules (Apps) that can be added to a personalised workspace. MrTed's flexibility supports the unique working styles of each individual recruiter, making it easy to design customized workspaces.

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 Carlson Wagonlit, France Telecom, Deloitte, Deutsche Telekom, Heineiken, Lufthansa, Kruger Products, PUMA, and Virgin Atlantic.

For more information see: www.stepstonesolutions.com, www.mrted.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: http://stepstonesolutions.com/impact-tools/en-gb/bcb.
Read our research on talent management in 2010: www.stepstonesolutions.com/eiu

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