JACKSONVILLE, Fla. (December 29, 2005) - - Recruitmax, a global provider of technology and services for building great workforces, today confirmed its sale of selected small business applications to Houston-based Administaff, Inc. (NYSE:ASF). Recruitmax originally acquired the applications when it bought KnowledgePoint in August 2004. Divested assets include the online portal HRTools.com as well as other desktop products and web portals related to job descriptions, performance reviews, personnel policies and procedures, and corresponding intellectual property.
The divesture does not affect Recruitmax´s core performance management applications. Recruitmax will continue to develop and actively market Recruitmax Impact, its award-winning enterprise performance management product that was announced generally available in April 2005. Since that time, Recruitmax Impact has experienced rapid market adoption, including new licenses by more than a dozen enterprise clients in the outsourcing, insurance, hospitality and other sectors.
Recruitmax´s CEO, Derek Mercer, commented, "Divesting ourselves of these small business applications is consistent with our vision to remain focused on the medium- to large-enterprise client. Since acquiring KnowledgePoint in 2004, our team has done an outstanding job leveraging the performance management-specific product assets to create Recruitmax Impact. The natural synergies for these other applications, which are better suited for small businesses, lie within Administaff´s impressive customer base."
Additional information can be accessed in the Administaff press release dated December 29, 2005.
About Recruitmax
It´s all about the people. Recruitmax (www.recruitmax.com) is passionate that people are the key differentiator for building successful businesses. More than 500 companies use our workforce management software and services worldwide, including several Fortune 100 companies. Our products ensure organizations find, develop and retain the best employees, and have led to increased efficiency and lower costs. Recruitmax helps companies create a more strategic approach to human resources, one that drives them toward greater success.
Media Contact:
Jaime Spuhler
Recruitmax
904.394.5640