StepStone expands product portfolio into online
07/09/2009 9:50am
UK Regulatory
TIDMSTPS
RNS Number : 6130Y
StepStone ASA
07 September 2009
StepStone expands product portfolio into online business
London, 7 Sept 2009 - StepStone (LSE: STPS / Oslo Børs: STP.NO) is opening a
new market for its enterprise technology by introducing an innovative web-based
service for companies looking to improve their hiring processes. Candidate
Tracker, which represents a major investment and potentially significant new
revenue stream for the company, enables customers to purchase access to
functionality previously only available in StepStone's e-recruitment products on
a listing by listing basis, to post listings to multiple job-boards and manage
all responses in one place for a single, fixed fee. It will be sold via
StepStone's online sales teams across Europe and made available to the
approximately 16,000 existing businesses that use StepStone job boards to find
and hire new staff, as well as to new customers.
"Candidate Tracker brings us substantial, incremental revenue opportunities from
our many job boards across Europe using technology originally developed for our
enterprise customer base," said StepStone CEO, Colin Tenwick. "This gives us a
significant cross-selling opportunity into a very large and well-established
customer base and allows companies of any size to trial the benefits of our
enterprise technology on as little as a single job vacancy posting."
Candidate Tracker, which is the result of an eighteen month development effort,
will make life easier for recruiters and hiring managers by automating much of
the administration in hiring staff, from posting a new job on multiple online
sites to managing the offer process. Candidate Tracker also radically improves
the job seeking experience for applicants by improving the feedback between
recruiter and candidate, automatically keeping them updated on their application
progress.
Candidate Tracker is launched today and available immediately in eight
languages, both for customers using one of StepStone's many jobsites and for
companies looking for a service to help manage all online sources of candidates.
Candidate Tracker can be simply and seamlessly upgraded to StepStone's
enterprise level e-recruitment solutions - technology that is used by over one
thousand of the world's most successful companies.
About StepStone
StepStone helps businesses get increased performance from their people, helps
them build and develop global talent pools, and helps people find new jobs that
match their talents. Across the world thousands of organisations rely on
StepStone every day to improve their business performance and talent development
strategies while millions of people rely on StepStone to improve their careers.
StepStone delivers world class technology and services for finding, recruiting,
retaining, managing and developing talented people.
StepStone operates some of Europe's largest talent networks, accurately matching
employers with potential employees, and provides a complete suite of Human
Capital Management software solutions. StepStone's on-demand (SaaS) software and
services enable organisations to implement efficient processes, including;
attraction and hiring, post-hire talent management, performance management,
compensation management, skills and competency management, career and succession
planning, training and development management.
StepStone was founded in Norway in 1996 and listed on the Oslo Børs (Ticker@
STP.NO) in 2000 and the London Stock Exchange (LSE: STPS) in 2008. At the end of
June 2009 more than 1,600 organisations, including many of the world's leading
businesses, use StepStone software and services. It operates in 17 countries
and employs around 800 people. Its global customers include Aviva, Deloitte,
Deutsche Telekom, Lufthansa, McDonald's, Puma, ThyssenKrupp and Volkswagen.
For more information see: www.stepstone.com
Andrew Rodaway
Director of Communications
StepStone
+44 7540 666439
Andrew.rodaway@stepstone.com
This information is provided by RNS
The company news service from the London Stock Exchange
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