20 April 2010: StepStone Solutions, a global leader in Total Talent Management solutions, has recorded its best ever business results in terms of revenue in the first quarter (January-March) of 2010, adding 52 new customers in 19 countries, including the US, China, Singapore, and across Europe. In March 2010 an agreement was concluded for StepStone Solutions to be acquired by private equity investor HgCapital.

Overall Q1 revenues were up over 6% on Q1 2009, driven by an almost 20% increase in subscription revenues for StepStone Solutions‘ Software-as-a-Service (SaaS) deployment model. In addition 120 existing customers increased their commitment to the company, buying additional products or modules from StepStone‘s Total Talent Management Solution range. StepStone Solutions now provides talent acquisition and talent management technology to almost 1,500 organisations in the US, Europe and Asia-Pacific.

“Our strong first quarter in 2010 sets the stage for what we believe will be a very exciting year in the talent management market,” said StepStone Solutions‘ Group Managing Director, Matthew Parker. “As the global economy recovers we see a growing executive emphasis on acquiring and managing talented employees. Businesses are looking to improve the speed and quality of hiring across their international operations, while in talent management we see substantial new activity in critical areas like performance management, compensation management, and succession planning.”

New customers announced by StepStone Solutions in the last few months include Russian telecoms group MTS, the Swedish national train operator, SJ AB, Mexican drinks producer and distributor GEUSA, Denmark‘s DONG Energy, the UK‘s Royal Mail, leading French law firm FIDAL, and Middle Eastern industrial group, Nuqul.

The growing importance of talent is underlined by a recent survey of over 400 senior executives worldwide, conducted by The Economist Intelligence Unit and available at www.stepstonesolutions.com/eiu, which revealed that the availability of talent has risen to overall third as a driver of growth (voiced by almost 50% of respondents), sitting behind only economic recovery and credit availability.

Contact Details:

Stepstone Solutions
Tempus Court, Onslow Street, Guildford, Surrey GU1 4SS,
United Kingdom
T: +44 1483 739450
F: +44 1483 739499
Sweden: +46 8 666 99 35
Email-ID: [email protected]
UK: +44 1582 816 400
Email-ID: [email protected]
USA: +1 866 708 47 60
Email-ID: [email protected]
Website: http://www.stepstonesolutions.com/
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