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WorkForce Software Announces Strong First Quarter PerformanceCompany Experienced Robust Revenue Growth and Gained New Clients Throughout Q1 2012 (April 23, 2012)
LIVONIA, MI -- (Marketwire) -- 04/23/12 -- WorkForce Software, the leading provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands, today shared details of its results from the first quarter of 2012. Continuing the momentum of record-setting revenue growth throughout 2011, the company secured a number of new clients, experienced an increase in multi-product buyers, and saw a strong rise in revenue growth compared to the same quarter last year.
WorkForce Software saw a 50 percent increase in Q1 revenue and a 57 percent increase in bookings of its Software-as-a-Service (SaaS) workforce management solution over the same period last year. Throughout the first quarter, WorkForce Software won contracts with numerous clients employing from 5,000 to 30,000 workers in a wide range of industries. New clients include:
- A publicly traded global offshore oil and gas drilling contractor
- A global specialty chemicals company
- Major gas and electric utilities
- Major Midwest-based K-12 school districts and community colleges
- A provider of senior care facilities in 44 states
- One of Canada's premier sports and entertainment companies
Further bolstering the company's strong growth, WorkForce Software continued to see new clients take a more comprehensive and strategic approach to workforce management. In addition to the widely used Time & Attendance solution, the majority of new clients have also selected additional capabilities, particularly Absence Compliance Tracker (ACT), WorkForce Software's leading absence management solution, and EmpCenter Analytics, to understand key labor and business metrics. Moreover, several of the company's longstanding clients have renewed and upgraded their contracts to include additional EmpCenter offerings in Q1.
"Based on our strong performance throughout 2011 and in the first quarter of this year, WorkForce Software is well positioned to accelerate planned enhancements to our industry-leading EmpCenter solutions while continuing to grow our client community," said Kevin Choksi, WorkForce Software CEO and co-founder.
Vision 2012 Kick-Off
In the midst of WorkForce Software's strong performance and growth, the company is currently hosting its Vision 2012 user conference. The event brings together current and prospective EmpCenter users to share insights, discuss workforce management strategies and network with WorkForce Software team members and other industry thought leaders.
The event kicked off last night and will continue through Wednesday, April 25. Conference attendees will gain actionable information they can take back to their organizations as they learn from a range of industry leaders and sought-after consultants. Ann Rhoades, a dynamic and visionary human resources executive with more than 25 years of experience, delivered the keynote address this morning, titled "Built on Values: Creating an Enviable Culture That Outperforms the Competition." Other featured speakers who will present during the conference include industry experts Bill Kutik, Carol Boyer, Lisa Disselkamp and China Gorman.
"Vision 2012 provides our clients with the opportunity to learn from their peers and industry experts, as they gain insight into the solutions that can transform their business operations," said Choksi. "It also presents an unmatched opportunity to get valuable insights from our clients. Their guidance is vital to helping us develop the next generation of workforce management solutions for a rapidly growing community of users across the globe."
About WorkForce Software
WorkForce Software is the leader in workforce management software for organizations with complex policies and compliance concerns. Its EmpCenter® suite enables strategic HR by automating and streamlining interactions between the employer and its workforce, enabling organizations to better manage payroll and processing costs, help ensure compliance with state and federal regulations, and increase the productivity and satisfaction of their employees. The EmpCenter suite is composed of numerous applications aimed at addressing an organization's end-to-end workforce management needs, including time & attendance, absence management, labor scheduling, fatigue management, and labor analytics. WorkForce Software's diverse customer base includes large employers such as the University of California, Blizzard Entertainment, the University of Alabama, Duke Energy and BBVA Compass. For more information, visit www.workforcesoftware.com.
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