HCR Software Continues Strong Growth in 2008

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Low Cost Leader of Flexible Human Capital Software grows its customer base by 133% in 2008

HCR Software announced today that it experienced significant growth and market success in 2008. HCR, the low cost solution for high performance automation tools for human capital management processes (including compensation planning, performance appraisals, and staffing and recruitment), is based in Jacksonville, FL. Commenting on the year, Jamie Davis, CEO, observed that "HCR Software accelerated the addition of new customers, achieved records in bookings and revenue, and significantly expanded its product footprint and capabilities. This success is a direct result of HCR Software's proven ability to provide rapid and significant return on investment, which in turn has made our talent management software a compelling proposition even during difficult economic times."

In addition to numerous new customers and strong sales growth, key 2008 achievements include:

  •     Compensation Management - HCR Software increased the number of new CompensationXL customers by over 100% in 2008 compared to the prior year. Although new customers came from many different industries; manufacturing, financial services, and the public sector showed particularly strong demand. Customers who implemented during the past year report strong and quick ROI. For example, Wendy's reported a 172% return on investment during their first year's usage of the product.
  •     Performance Management - Adoption of HCR Software's Performance management, application, PerformanceXL , also increased by 100% compared to prior year. A new product release provided significant enhancements to cascading goals, log events, a configurable dashboard, and the addition of legal check functionality.
  •     Applicant Tracking - StaffXL, the newest addition to the company's product suite was launched in late 2008, was an instant and unqualified success with rapid customer adoption exceeding our projections due to particularly high demand from professional service organizations. HCR Software also became the service provider of record for the customers of TalentSecure, a robust applicant tracking system focused on the temporary staffing market.
  •     Oracle Partner - HCR Software's product CompensationXL was selected by Oracle Corporation for inclusion in its ISV partner network, is listed in Oracle's solution map, and was a featured presenter at Oracle Apps Unplugged. Consequently, HCR has enjoyed strong demand from Oracle customers looking for extremely flexible compensation management software.

About HCR Software
Headquartered in Jacksonville, Fl. HCR Software's products CompensationXL, PerformanceXL, and StaffXL help organizations automate their human capital processes and align employee performance with overall business objectives. The Company prides itself on its solid customer references, flexibility in meeting customer requirements and its unique approach to technology that maximizes ROI while minimizing change management challenges. More information can be accessed at http://www.hcrsoftware.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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Casey Quinif
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