Halogen Software Achieves Record First Quarter, Marks 18 Quarters of Year-Over-Year Revenue Growth

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Q1 growth supported by the release of financial services suite.

We looked at a number of solutions, but we really liked Halogen’s look and feel, simplicity and the fact it is extremely configurable

Halogen Software Inc., the leading provider of Web-based employee performance and talent management software announced today that its first quarter of 2007 broke previous first quarter records for both new customer wins and revenue. This marks the organization’s 18th consecutive quarter of year-over-year revenue growth. The record quarter was highlighted by the release of Halogen’s newest vertical offering, Halogen Employee Performance and Talent Management Suite for Financial Services™ , as well as the announcement of its 2007 User Conference.

Halogen Employee Performance and Talent Management Suite for Financial Services™ was released in January 2007, and is based on Halogen's experience working with close to 100 financial organizations worldwide. Built to address industry-specific challenges including regulatory compliance, difficulty implementing cultural shifts, the distributed nature of employees and the high turnover in customer-facing roles, the suite enables organizations to more effectively manage their talent to create significant cost savings and greater efficiency.

The company’s record first quarter included the addition of new customers such as: Carhartt, Beaumont Hospitals, Big Rock Casino, Massachusetts Institute of Technology, L-3 Communications Ilex Systems, Elliott Davis LLC, Columbia Financial Corporation, Oregon First Community Credit Union, Mobile Mental Health Center, Claraview, Loring, Wolcott & Coolidge and Balboa Capital Corporation.

“After completing our feasibility study, we estimate that implementing Halogen eAppraisal will save more than $100,000 over the next three years in manager time savings alone,” said Katrina Agusti, senior systems analyst with Carhartt. “Equally important is how eAppraisal will enable us to increase communications during the evaluation period and throughout the year while increasing employee satisfaction with the overall appraisal process.”

New customers selected Halogen solutions due to their proven ability to meet a variety of needs including ease of use and configurability, while remaining highly cost effective. Burr, Pilger & Mayer, a firm providing accounting, tax, and other related professional services to individuals and business clients recently selected Halogen.

“We looked at a number of solutions, but we really liked Halogen’s look and feel, simplicity and the fact it is extremely configurable,” said Alfie Adona, career development manager with Burr, Pilger & Mayer. “In the end, I only presented the Halogen offering to our executives. Our managing partner actually commented on how this would enable the process to still look and feel like our existing process.”

During the first quarter of 2007, Halogen announced its upcoming user conference to take place September 2007. Following the exceptional success of the user conference in 2006, this conference will enable Halogen users to strengthen their networks by interacting with peers, generate time and money saving ideas, attend sessions designed to address specific industry needs, discover key tips and tricks that further increase the usability of the Halogen Suite and more. Since the announcement of the conference, response has been very positive, with many existing and new customers set to attend.

About Halogen Software

With nearly 1000 customers worldwide, Halogen Software Inc. has established itself as the leading provider of employee performance and talent management solutions. Halogen offers powerful, easy-to-use, and affordable Web-based software that dramatically improves HR and line-manager productivity.

The company's award winning suite provides organizations with everything they need to develop and retain a high performance workforce: Halogen eAppraisal™ helps drive bottom-line success by making it quick and simple to deliver professional employee appraisals that align with organization goals. 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 - right away. And Halogen e360™ automates and simplifies formal 360-degree feedback procedures and offers sophisticated performance reporting.

Industry specific suites are provided for Healthcare and Financial Services. Halogen eAppraisal Healthcare™, exclusively endorsed by the American Hospital Association, helps healthcare organizations produce meaningful appraisals on time and allows them to always be in a "ready state" for accreditation surveyors from JCAHO®, OSHA, ACHA, and others. Halogen eAppraisal for Financial Services™ helps financial services organizations reduce the risk of non-compliance and ships with a comprehensive library of industry specific competencies and authoring aids.

Visit us online today: http://www.halogensoftware.com

Media contacts:

Donna Ronayne
VP, Marketing & Business Development
Halogen Software
T: 613-270-1011 x 320
E: dronayne(at)halogensoftware.com

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.


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