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Halogen Software Reports Record Revenue in its Third Quarter
Halogen Software Reports Record Revenue in its Third Quarter
Halogen Software | 07 Nov 2006
Halogen Software Inc., the leading provider of Web-based employee performance management (EPM) software announced today that it achieved record revenue in its third fiscal quarter. This marks the organization's 16th consecutive quarter of year-over-year revenue growth. The record quarter was highlighted by the release of Halogen's newest EPM suite and the overwhelming success of the first annual Halogen Software User Conference.
Early in the quarter, Halogen released its Employee Performance Management Suite 7.1, which included new features such as on-target goal management, dashboards and Web-service tools for integration. Version 7.1 has proven very successful with the organization's nearly 600 customers. A significant portion of Halogen's customer growth this quarter comes as a result of its dominance in the healthcare space, where it now has more than 100 customers. The American Hospital Association's exclusive endorsement of Halogen eAppraisal™ Healthcare further reinforces the organization's leadership position in this space.
"Halogen offered all the features we were looking for when we began looking for an automated Web-based EPM solution,” said new customer Michael DeVries, director of human resources with Cummins Mid-South, LLC. “We have gone through an intense period of growth, nearly doubling our size over the last three years. Due to this growth, Cummins Mid-South required a solution that would be less burdensome and easier to use, while at the same time possessing all the functionality we require as our needs continue to evolve.”
In addition to Halogen's newest features, the organization hosted its first annual User Conference in the third quarter. The User Conference was an overwhelming success and provided excellent opportunities for almost 100 members of the Halogen community to network, share and learn. The conference also provided a forum for Halogen to gain customer input on the future direction of its EPM suite.
"As we continue to grow as an organization, we look forward to utilizing the powerful features that are available using Halogen eAppraisal™. Halogen will allow us to better quantify our performance bonus distribution process," said new customer Melanie Graham, director of human resources with BORM. "Implementing Halogen gives us the chance to make our system more consistent and it gives us the ability to quickly and easily calculate the score that is tied to bonus amounts."
A few other new customers to sign with Halogen in Q3 include: Regional Municipality of York - IT Services, Sikich LLP, Open Text Corporation, LogicaCMG Wireless Networks BV, Atlantic Lottery Corporation, Hart Schnaffer & Marx, Gladiator Technology Services, Degenkolb Engineers, International Community Health Services, GL&V USA Inc., WageWorks, Inc., Bank of Oak Ridge, Mary Imogene Bassett Hospital, Portland Police Department, King's Daughters Medical Center and Swisslog Healthcare Solutions.
About Halogen Software
With nearly 600 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. The company's flagship product, Halogen eAppraisal™, automates and simplifies time-consuming employee appraisals. Halogen eAppraisal™ Healthcare, endorsed by the American Hospital Association, was created specifically for the healthcare industry and helps to simplify the task of performing appraisals and meeting accreditation criteria. Halogen e360™ automates and simplifies formal 360-degree feedback procedures and offers sophisticated performance reporting. Halogen eCompensation™ automates the entire compensation adjustment process including budget distribution and approval. Halogen eSuccession™ makes it simple and affordable to get a best practices succession-planning program underway at your organization. For further information please visit: http://www.halogensoftware.com/.
Media contacts:
Donna Ronayne VP, Marketing & Business Development Halogen Software
T: 613-270-1011 x 320
E: dronayne@halogensoftware.com
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