ARLINGTON, Va. (March 22, 2006) - Plateau Systems, a leading provider of
software for developing, managing and optimizing organizational skills and
talent, celebrated its 10th anniversary with the strongest year in company
history. Plateau continued to set new standards in the learning and
performance talent management market following a year of strong growth,
global expansion, continued profitability, significant new products and top
rated services and customer satisfaction.
For the 2005 fiscal period ending in February, Plateau organically grew
revenues by 32 percent. The compound annual revenue growth rate was 62
percent over the last four years. In addition to signing significant new
customers during the year such as Singapore Airlines, Boston Scientific,
BearingPoint, Defense Information Systems Agency (DISA) and National
Aeronautics and Space Administration (NASA), Plateau continued its global
expansion, opening offices in London and Singapore. Plateau also achieved
its 13th consecutive quarter of profitability, making it the only
consistently profitable enterprise learning and performance management
software company in the industry.
Plateau continues to lead the industry in product technology. In 2001, it
was the first vendor to provide a fully web-based J2EE architecture. As a
result of its superior scalability and adaptability, Plateau reliably serves
the largest internal customer implementations in the industry as well as the
increasingly sophisticated needs of hosted, on-demand customers. In the
last fiscal year, Plateau substantially expanded its product offerings,
delivering a full suite of five new performance management products: Plateau
360 Multi-rater, Plateau Career and Development Planning, Plateau Goals and
Appraisals, Plateau Goals Alignment and Plateau Succession Planning. In
addition, Plateau delivered significant new learning management
functionality as well as integrated learning and performance analytics
software.
Plateau was also named the industry leader in customer satisfaction in 2005.
In the Bersin & Associates Customer Satisfaction Study, customers rated
Plateau the global enterprise leader in 17 out of 26 categories including
overall satisfaction, vendor loyalty, professional services and support.
These results reflect Plateau's continuous investment in customer driven
technology innovation and outstanding customer service.
"Last year was one of the most important in Plateau's ten year history,"
said Paul Sparta, chairman and chief executive officer, Plateau Systems. "In
2005, Plateau enjoyed both strong revenue growth and product expansion while
maintaining very high customer satisfaction. We continue to be extremely
well positioned to meet the future market demands for talent management
software, enabling organizations to increase their workforce productivity
and performance."
Significant Plateau milestones in 2005 include:
- Rated the leader by Global enterprise customers in the Bersin &
Associates 2005 LMS Customer Satisfaction Study
- Ranked first in strategy and current offering in the 2005 Forrester
Wave(tm) Report.
- Named "Leader" in Gartner LMS Magic Quadrant for third consecutive year
- Expanded product footprint with Plateau Performance offering
- Awarded prime contract to provide federal agencies with learning and
employee performance software, implementation services and hosting.
- Ranked by Deloitte's Technology Fast 50 and Virginia Fantastic 50 as
one of Virginia's fastest growing companies
- Named to the Inc. 500 list of fastest growing private companies for the
second consecutive year
- Continued global expansion with new EMEA headquarters in London and
Asia Pacific headquarters in Singapore
- Achieved 32 percent organic revenue growth and 13th consecutive quarter
of profitability
About Plateau Systems
Plateau is a leading provider of adaptable, Web-based software for
developing, managing and optimizing organizational skills and talent to
increase workforce productivity and business operations performance.
Plateau's software is being used by some of the world's largest, most
successful enterprises that include the American Red Cross, General
Electric, Internal Revenue Service and Wendy's International. Industry
analysts, including Forrester Research and Bersin & Associates, have rated
Plateau a leader in functionality, technology and customer satisfaction.
The company is headquartered in Arlington, Virginia. For more information,
please visit www.plateau.com.