Plateau Posts Record Results, Ups the Talent Management Ante
Company Achieves Record Revenue Growth, Earns Recognition for Market
Leadership, Technology Innovation and Superior Customer Service and
Continues Global Expansion
ARLINGTON, Va. (Business Wire EON/PRWEB ) April 2, 2008 --
Plateau Systems, a leading
provider of talent management software, content and services, today
announced that the company posted a revenue gain of 58% for its fiscal
2007, with recurring revenues comprising nearly half of the company’s
total revenues.
Plateau FY 2007 Highlights:
Revenue
-
Total revenue increased 58% year-over-year
-
Recurring revenue comprised 47% of total revenues
-
Deferred revenue grew 54% year-over-year
Software-as-a-Service (SaaS)
-
SaaS revenue increased 167% year-over-year
-
Total SaaS bookings were up 97% year-over-year
-
SaaS represented 67% of all new business
Customers
-
Total customer base grew 25%
-
Over 100 customers world-wide implemented Plateau’s
Talent Management solutions
-
Licensed users increased by 1.3 million
Over the past 12 months, increased demand for Plateau’s
talent management solutions - driven largely by Plateau’s
focus on delivering high-quality solutions that make customers
successful - resulted in the addition of more than 1.3 million new users
and numerous awards and industry recognition from customers, media and
industry analysts. In early 2007, the company completed the acquisition
and integration of Nuvosoft’s compensation
functionality into the Plateau
talent management suite. The company again outpaced competitors in
delivering robust, highly-scalable talent management solutions with the
releases of Plateau
Schedule Builder and Plateau Question Editor (PQE) and continued to
enhance end-user experience across Plateau’s
performance management, learning and compensation processes and
applications. During the year, the company continued to evolve its
popular iContent
offering, which remains the industry’s
premier, one-stop solution for purchasing, managing and deploying
content.
“Plateau’s
commitment to establishing and maintaining open, collaborative
relationships with our customers has been the key to our continued
momentum and success. Over the past several years, Plateau has been
fortunate to work closely with our customers to design, develop and
deploy effective, high-quality talent management solutions that drive
real business value,” said Paul Sparta, CEO
of Plateau. “As organizations in our space
seek to differentiate by bolting low value, ad-hoc ‘bell-and-whistle’
features and functionality that reflect the trend of the moment onto
their products, Plateau remains focused on delivering thoughtful,
scalable, fully integrated and interoperable solutions that advance
strategic talent management, increase organizational efficiency and
optimize business performance and results for our customers.”
Several leading financial publications and business organizations
recognized Plateau’s financial performance
throughout 2007, acknowledging the company’s
growth, revenue, stability and viability. The Red Herring named
Plateau a Red Herring
100 winner, recognizing the company as one of the most promising
private North American technology companies. For the fifth consecutive
year, Deloitte named Plateau to its Virginia Technology Fast 50 list,
based on the company’s percentage revenue
growth over a five-year period.
Customers
Over the past year, more than 100 leading global organizations spanning
a variety of industries including airlines, manufacturing, state and
federal government, and technology have purchased and implemented Plateau’s
talent management solutions. Market-leading customers including Canon
U.S.A., Department of Homeland Security-Fire Academy, Emirates
Group, Informatica, Malaysia Airlines, Pinnacle Airlines, U.S.
Environmental Protection Agency, and W.L. Gore, as well as the U.S.
Department of Veterans Affairs, which awarded Plateau contracts of
more than $10 million last year, are using Plateau to support their
strategic learning, performance,
compensation, and career
and succession management initiatives.
SaaS
Plateau’s Software-as-a-Service (SaaS)
revenues, including subscription-hosting, grew 167% during 2007, with
more than 60% of new customers choosing to deploy through Plateau’s
SaaS offerings. The company’s momentum in
this area was fueled by its success in deploying two of the industry’s
largest enterprise talent management projects in a SaaS model. In the
commercial sector, a single customer deployed Plateau’s
talent management solutions in a fully-validated (for FDA compliance),
hosted environment across more than 600,000 users in 20+ languages. In
the public sector, the U.S. Department of Veterans Affairs selected
Plateau’s SaaS and hosted talent management
and iContent solutions to accelerate and streamline management and
delivery of critical learning and development for more than 400,000
internal and external users.
Market Leadership
Plateau was widely recognized for its innovation, market leadership and
unmatched dedication to customer
satisfaction and success in 2007. In May the company received a “Positive”
rating in the Gartner “MarketScope
for Employee Performance Management Software, 2007.”1
Bersin & Associates recognized Plateau’s
leadership in customer satisfaction and market share, ranking the
company the Overall Customer Satisfaction Leader for Global Enterprises
in the Bersin &
Associates 2007 LMS Customer Satisfaction Study. The firm
further recognized Plateau as a Global Enterprise market share leader in
the “Learning Management Systems 2008:
Facts, Practical Analysis, Trends, and Vendor Profiles”
report and awarded the company the highest possible ratings for Customer
Satisfaction and Completeness of Vision in its Talent
Management Suites: Market Realities, Implementation Experiences, and
Vendor Profiles study. Plateau also earned three Gold Awards for
its customer satisfaction and market share leadership from the eLearning
Guild Member Choice Awards.
Closing out the fiscal year, Plateau scored a talent management “hat-trick”
as the first and only talent management provider to be rated a leader in
learning, performance, and integrated performance and compensation in Forrester
Wave Reports. These reports included the February 2008 “Forrester
Wave: Enterprise Learning Management Suites, Q1 2008”
report and the August 2007 “Forrester Wave™:
Integrated Performance and Compensation Solutions, Q3 2007.”
International Operations
During 2007, Plateau continued its global
expansion, announcing the opening of an Asia-Pacific headquarters as
well as several offices throughout EMEA and North America. The company
significantly increased its revenue and doubled its customer base,
adding several blue-chip customers including Rolls Royce, Siemens India,
Swiss Re, Irish Life and Permanent, and Malaysia Airlines, who are using
Plateau’s solutions to more closely align
employee performance and productivity and broader organizational goals.
To support its international growth, Plateau more than doubled its
international employee base and established partnerships with several
leading resellers and consulting organizations including Universal
Knowledge Solutions (UKS) and EDUTECH in the Middle East, LearnChamp,
Ingenia and Crealogix in Europe, and Human Capital Solutions (HCS) and
SeerPharma in Asia-Pacific.
In 2007, Plateau renewed its Safe Harbor certification and will continue
to comply with The International Safe Harbor Privacy Principles set
forth by the European Union (EU) as part of the Directive on Data
Protection.
iContent
As the industry’s only multi-vendor internet
solution for procuring, distributing, hosting, and managing custom
content, Plateau’s iContent solution
continued to gain traction and momentum with customers, partners and
industry visionaries throughout 2007. In the past twelve months, more
than 30 organizations including the U.S. Department of Labor, Canon
U.S.A., Commerce Bank and Western Union, have purchased iContent.
Bersin & Associates’ “Learning
Management Systems 2008: Facts, Practical Analysis, Trends, and Vendor
Profiles” report hails iContent as a
ground-breaking solution for eliminating the content integration
challenges and issues currently plaguing LMS customers. The report
states that “the company deserves much credit
as a pioneer in addressing the problems of learning content integration
with its integrated iContent service offering.”
iContent won numerous awards throughout 2007 including Top Training
Product of the Year from Human Resource Executive®
magazine and Most Innovative New Product in E-Learning from E.Learning
Age magazine. It also won the prestigious Platform Innovation award
in the Bersin & Associates 2007 Learning Leaders Program.
Plateau expanded the functionality of iContent with increased content
management and entitlement security capabilities, allowing
administrators to view and manage all usage information for their
organization's custom and commercial content from a single centralized
location. The company also added Course Preview, which will allow users
to view a snippet of course content before they purchase; the iContent
Flex Card, which acts as a debit card for purchasing content via the
iContent portal; and the Custom Course Upload, which allows iContent
users to upload custom content developed for their specific organization.
Over the past year, iContent’s talent
management content library continued to grow, with more than 30,000
custom developed and third-party assets now available through the
offering. The company expanded its third-party offerings in key areas,
including compliance, finance, healthcare, business and leadership, and
technology training, with the addition of 14 new partners, including:
CourseAvenue, Element K, getAbstract, KESDEE, LearnWright, Ninth House
Quality Food Training, and WeComply.
About Plateau
Plateau is a leading provider of talent management software, content and
services designed to increase workforce productivity and drive business
success. Plateau’s award-winning
software is powering talent management initiatives across some of the
world’s most successful organizations,
including the American Red Cross, General Electric, the Internal Revenue
Service, Capital One and the National Aeronautics and Space
Administration (NASA). Industry analysts at Bersin & Associates,
Forrester Research and other leading information and technology research
and advisory firms continue to recognize Plateau’s
leadership in delivering best-in-class functionality, technology and
customer satisfaction. Plateau is headquartered in Arlington, Virginia,
with offices across the United States, Europe and Asia Pacific. For more
information, please visit www.Plateau.com.
1 Gartner “MarketScope
for Employee Performance Management Software, 2007”
by Jim Holincheck. May 14, 2007
See the original story at: http://eon.businesswire.com/releases/plateau/management/prweb825054.htm
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