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OneWire(R) Reports Successful Results for 2011OneWire's Innovative Recruiting Solutions Gain Significant Momentum (January 19, 2012)
NEW YORK, NY -- (Marketwire) -- 01/19/12 -- Putting the power of precise recruiting technology in the hands of candidates and recruiters, OneWire announced today details of its successes in 2011, including new products and enhancements, new clients and contract renewals, and expansion into additional industry verticals and international markets.
OneWire helps its clients create successful workforces through predictable, precise matches to qualified talent, accelerating time-to-hire, increasing productivity and streamlining costs and workflows. The Company's comprehensive, cloud-based recruiting platform helps organizations find the talent they need and enables job seekers to find the opportunities for which they are best suited. OneWire's talent acquisition solution features proprietary matching technology that can be used across the enterprise or as a single point solution to deliver sourcing, applicant tracking, vendor management, candidate relationship management and employee referrals.
"Throughout 2011, we have continued to expand our brand recognition, grow our client base and offer new recruiting and job matching software," said Brin McCagg, co-founder, president and COO of OneWire. "We believe that a company's greatest asset is its people, and our matching technology makes it easier than ever for employers to fill their opportunities by connecting with the most qualified people. In the past year, we were able to help a large number of companies source, recruit and hire the talent they need to successfully grow their businesses."
Business and Product Growth
Several industry trends helped spur OneWire's rapid growth in 2011, namely increased hiring in select sectors and an uptick in veteran recruitment initiatives. OneWire gained business from companies in financial services, as well as organizations seeking to hire insurance professionals and fill back-office and technology positions. OneWire's single, integrated platform enabled these organizations to fill open positions with the most qualified talent while reducing recruiting time and increasing control and visibility.
Continuously innovating, OneWire made several enhancements to its platform throughout the year. In January 2011, the company unveiled a new public site redesign and job search functionality for candidates. In March, OneWire implemented enhanced project sharing and messaging capabilities for recruiters and full OFCCP compliance features across the platform. In May, OneWire announced integration with social media sites, allowing candidates to port their LinkedIn and Facebook profiles to help them build their OneWire Profile. Further, this release provided additional job distribution capabilities through an integration with SmartPost, expanding OneWire's candidate sourcing capabilities.
In August 2011, the company unveiled a two-way integration with Microsoft Exchange and iCal, streamlining the interview scheduling process with visibility into Microsoft Outlook contacts and calendars. This release also included a redesign of employee referral functionality to deliver faster connections to the right talent. OneWire also released a social media promotion feature that automatically distributes new opportunities at a company to employee's LinkedIn, Twitter and Facebook profiles, allowing them to receive referral bonuses when candidates who apply via social media pages are hired.
At the end of 2011, OneWire released its Vendor Management System (VMS), allowing clients to include headhunters in their hiring process with greater efficiency and control and to aggregate and manage candidates from all potential sources. In addition to VMS, OneWire improved its Project Teams functionality, which allows for robust collaboration among recruiters and their colleagues. The latest release also included resume parsing, which allows new candidates to upload their resumes and pre-populate their information, enabling them to build their OneWire Profiles with ease.
New Clients and Renewals
OneWire significantly increased its client base in 2011 with 52 percent year-over-year growth, gaining new clients in the finance and banking, accounting, insurance and management consulting fields. Moreover, OneWire expanded its market reach, entering the information technology vertical. Throughout the year, the Company added clients such as Pacific Life, Sequoia Capital, Raymond James, Wells Fargo and one of the largest property and casualty insurance companies in the United States. While the majority of OneWire's clients are U.S.-based, several new clients are international banks, including Sumitomo Mitsui Banking Corporation, Banco do Brasil, Commerzbank and BMO Capital Markets.
OneWire also renewed a majority of its clients and grew a number of key accounts, such as a 5,000 employee consumer finance company who expanded its relationship with OneWire from a paid pilot for campus recruiting to an enterprise-wide, global recruiting rollout. While clients continue to depend on OneWire for candidate sourcing and sorting, they have also deepened their adoption to include OneWire's ATS, CRM and Talent Mobility solutions.
Strategic Vision for 2012
Moving forward, OneWire seeks to continue the rapid development of its end-to-end recruiting platform. Future planned upgrades include enhanced candidate sourcing and sorting features as well as improvements to CRM, ATS and talent mobility functionalities. The Company also aims to expand its sales efforts to increase new business and foster more usage among current clients. Furthermore, OneWire plans to deliver greater value to its talent community and increase engagement with enhancements to the platform's candidate-based features.
"We created tremendous momentum throughout an economically challenged year and have processes in place to generate continued success in 2012," said McCagg. "As we develop additional features and functionality for our cloud-based solution, we anticipate helping more clients to attract, engage and develop qualified talent that can contribute to positive business results. At the other end of the spectrum, we plan to increase our services to candidates, improving the way they connect with employers and giving them greater control over their careers."
OneWire puts the full power of the most innovative recruiting technology in the hands of candidates and recruiters. Its comprehensive, cloud-based platform and proprietary matching technology can be used across the enterprise or as a single point solution to deliver sourcing, applicant tracking, vendor management, candidate relationship management, and employee referrals. Hundreds of companies and thousands of candidates rely on OneWire as their single destination for the top candidates and top jobs. Get OneWired by visiting www.onewire.com today.
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