Halogen Software Inc.

Halogen Software Inc.

November 04, 2009 08:30 ET

Halogen Software Closes Record Third Quarter

Talent Management leader records best ever third quarter for new bookings, revenue and ARR; sees year over year growth in new customer wins

OTTAWA, ONTARIO--(Marketwire - Nov. 4, 2009) - Halogen Software Inc., a leading provider of on-line talent management software today announced the company has closed its best third quarter on record for new bookings, GAAP revenue, and annual recurring revenue (ARR). Despite a challenging economic climate, Halogen realized growth in each of these areas over the same quarter in 2008, with an impressive 26% year over year increase in new customer bookings and 37% year over year growth in ARR. New customer wins also grew over the same quarter in the previous year.

Just a few of the recent customers that joined Halogen during the third quarter of 2009 include: Alaska Communications Systems Holdings, Charlotte County, Cogdell Spencer, Ktech Corporation, L3-Communications Integrated Systems, Lattimore Black Morgan and Cain, Mercy Health Services, Shore Memorial Hospital, Southern Management Corporation, St. Mary's Hospital & Medical Center, Sta-home Health & Hospice, Tallulah Falls School, Virginia Retirement System, WorkflowOne, and X Plus One Solutions.

"Our goal in implementing Halogen's solution is to strategically leverage talent management to support an employee directed model for performance appraisal and competency assessment with an automated process," said Donna Bingenheimer, from Shore Memorial Hospital. "From the very beginning, working with Halogen has been a first-class experience; they are professional and truly dedicated to seeing our organization succeed and meet this goal."

In the third quarter Halogen was also recognized for its powerful yet simple-to-use solutions for each facet of talent management, receiving a Top Training Product award from Human Resource Executive Magazine for Halogen eLearning Manager(TM), the company's most recent product offering. Halogen eLearning Manager is the first product to truly deliver on current best practices of fully integrating performance and learning into a single, simple-to-use system that supports consistent, performance-driven development across the entire organization.

In addition to adding new best-in-class products, Halogen continues to add value through the service it provides its burgeoning customer base. The company hosted its 4th annual User Conference in September which proved a resounding success, with clients from around the globe in attendance.

"I greatly appreciated the high level of professionalism and service I have experienced with Halogen, which was especially evident at this year's User Conference," said Kimberlie Reinhardt, PHR, Sr. HR Generalist and Project Manager with Hannover Life. "It was a tremendous value and I left enlightened not only about what is on the horizon in terms of the technology, but also about how to maximize Halogen now for my organization. I also really enjoyed learning about Halogen. When I can see a great culture in front of me, it makes me respect the products that much more."

About Halogen Software

Halogen Software is recognized as a market leader by industry analysts and is strongly endorsed by the thousands of HR professionals who use their Talent Management solutions. The company offers a complete suite of web-based products that automate, simplify and integrate performance appraisals, 360 degree feedback, compensation management, succession planning and learning management. Halogen's offering makes HR best-practices accessible to companies of all sizes and its healthcare, financial services and professional services specific suites meet the unique needs of these industries. Halogen is consistently recognized by the industry and its customers for its exceptional implementation and support services. Halogen was named a leader in Gartner's Magic Quadrant for Employee Performance Management Software in 2009 and has won multiple awards for its corporate leadership and product innovation, including HR Technology Product of the Year. For more information, visit www.halogensoftware.com.

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