StepStone Solutions

StepStone Solutions

February 25, 2011 06:16 ET

StepStone Solutions Records Strong Revenue Growth in 2010; Forecasts Continuing Global Expansion in 2011 Among Enterprise Customers

LONDON, UNITED KINGDOM--(Marketwire - Feb. 25, 2011) - StepStone Solutions, a global leader in talent management, today announced strong revenue growth and high levels of customer retention and new customer acquisition during 2010. The company achieved total revenue growth of 30% and won over 220 new customers, including 130 customers for major enterprise solutions. 2010 was a landmark year which saw the company become an independent software solutions provider following a management buyout financed by HgCapital, and also make a key acquisition of a major European competitor, MrTed, in August. Q4 2010 continued the pattern of record revenue quarters established in 2010, with organic growth compared to Q4 2009 of almost 35% and total growth, including the contribution from MrTed, of almost 50%.

Matthew Parker, CEO, StepStone Solutions, said: "We've seen strong growth in all regions, particularly in our fast-developing operations in Asia Pacific and North America, and with large enterprise customers. We have been delighted by the growing number of global implementations we are handling. We expect this pace to only accelerate in 2011 as we continue to win high profile enterprise customers for our talent management solutions."

Among the notable highlights for StepStone Solutions in 2010 were the acquisition of talent acquisition software provider MrTed, adding a significant number of new customers to a base of over 1,600 global businesses, extending the existing product set and widening its SaaS capabilities; and being noted as an 'outperformer' in the Enterprise category in a research report on customer satisfaction with talent management solutions from Bersin & Associates.

"International organisations are increasingly recognising our ability to help them deliver global talent strategies based around specific local business needs," continued Parker. "We're extremely positive about our prospects in 2011 and look forward to continued success throughout the year."

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