OTTAWA - May 31, 2006 - Halogen Software Inc., the award winning provider of Web-based employee performance management (EPM) software announced that in its recent study, independent research firm Bersin and Associates has identified Halogen as the EPM leader with the largest number of live client sites. The Performance Management 2006: Market Analysis, Trends, Best Practices, and Vendor Profiles study examined the performance management market, its business drivers and adoption trends, and profiled 21 performance and talent management vendors.
"Halogen has established itself as a leader in the emerging EPM space by delivering enterprise-class software that is easy to deploy without disturbing an organization´s business," said Josh Bersin, president and founder of Bersin & Associates, a research and advisory firm focused on enterprise learning and talent management. "The organization has built a strong foundation on technology and expertise that fulfills the needs of a wide variety of customers. This approach should keep Halogen among the leaders of this competitive space."
Bersin and Associates estimates that the quickly emerging EPM market is at $136M in license revenue today and will grow 40 percent over the coming year, based on purchasing plans and vendor estimates. Only a fraction of the potential EPM market has been penetrated. Of those organizations surveyed, only 11 percent have vendor-provided solutions; 41 percent of these implementations have occurred within the last year.
Building on its incredible growth in 2005, Halogen´s first quarter of 2006 produced its best quarterly revenue ever, with year-over-year customer growth of 96 percent. At the end of this 10th consecutive record quarter, Halogen had over 400 clients. Halogen continues to gain market share, far outpacing analyst predictions for industry growth.
"Leading market analysts have consistently identified Halogen as a leader in the EPM space based on the powerful yet easy-to-use tools we provide our customers," said Paul Loucks, president of Halogen Software. "The Bersin and Associates study clearly illustrates the vast untapped potential that still exists in the EPM market. We are always working to reinforce our leadership position in this market by giving our clients a solution that is easy to use and affordable."
About Halogen Software
With more than 450 customers, Halogen Software Inc. has established itself as the leading provider of employee performance management (EPM) solutions. Founded in 2001 as a subsidiary of a successful consulting company, Halogen offers powerful, easy-to-use, and affordable Web-based software that dramatically improves HR and line-manager productivity and helps organizations align employee goals to drive bottom line success. The company's flagship product, Halogen eAppraisalTM, automates and simplifies time-consuming employee appraisals. Halogen eAppraisalTM Healthcare, created specifically for the healthcare industry, helps to simplify the tasks of performing appraisals and meeting accreditation criteria. Halogen e360TM automates formal 360-degree feedback procedures and offers sophisticated performance reporting. Halogen eCompensationTM automates the entire compensation adjustment process, including budget distribution and approval.
Lisa Courtney Lloyd
Tech Marketing & Communications
Tel: 613.271-7512 | www.jolita.ca