SOURCE: Enwisen


January 19, 2010 13:13 ET

Enwisen™ Announces Record 2009 Growth

59% Growth in Recession Reinforces Need for Employers to Automate In-House HR Service Delivery

NOVATO, CA--(Marketwire - January 19, 2010) - Enwisen, Inc., the leader in Software-as-a-Service solutions that help employers provide better HR Service Delivery -- with fewer resources and lower costs -- announces that its revenues grew 59% during calendar year 2009 compared with the same period in 2008, while maintaining significant profitability. In addition, more than 1,000,000 unique employee lives have been added to the Enwisen customer base -- which now supports more than 3,000,000 unique lives -- solidly positioning Enwisen as the leader in SaaS-based, end-to-end HR Service Delivery solutions.

HR transformation initiatives -- which call for automating the delivery of HR services to streamline costs and re-align HR talent for more strategic work -- were a large driver of growth. "Enwisen's continued remarkable growth rate, in one of the worst economies in history, is further proof that customers using our AnswerSource™ HR Service Delivery solutions are realizing real, hard-dollar cost savings while still providing a higher level of HR service to employees. This trend was on the rise prior to the recession, and will continue to be a major driver as the economy recovers," explained Wally Smith, Enwisen's CEO.

The AnswerSource HR Service Delivery suite includes integrated solutions for onboarding, HR portal/knowledgebase, HR Shared Services and Total Rewards, also sold as individual modules. In addition to record growth for the entire Suite, each module individually achieved record sales levels in 2009 -- proving AnswerSource's ability to leverage and complement existing in-house technology investments to achieve companies' HR service delivery goals.

Enwisen's record-growth in calendar 2009 brought 70+ new enterprise customers that include one of the world's largest financial institutions with 250,000 employees in the US alone, a State agency with over 80,000 employees, a leading manufacturer with 60,000 employees worldwide, a pioneering scientific engineering firm with 45,000 employees, a leading convenience food manufacturer with 32,000 employees as well as leaders in healthcare, retail, technology, utilities, consulting and other major industries.

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