Welcome to the February edition of our monthly news for 2014. As usual, there is plenty going on in the world of HR Technology.
Workforce management vendor Kronos kicked off the month informing markets they had 9% revenue growth in Q4 2013. This translated to an 18% increase in EBITDA. Fuelling this growth has been an impressive 137% increase in cloud revenue. Kronos traditionally a large enterprise vendor has been using its cloud product to move into the small and midsize business market.
Cloud based ERP vendor NetSuite, who purchased TribeHR late last year, booked 35% growth in revenue in Q4 2013 making overall revenue for 2013 US$414.5 million (34% year over year growth). However on a GAAP basis the organisation is still posting losses, $70.4 million, or a loss of $0.95 per share, compared to net loss of $35.2 million, or $0.50 per share, in 2012.
Talent Management vendor CornerstoneOnDemand reported a 4th quarter loss of US$10.8 million making a full year loss of US$40.4 million. While the results were below market expectations the silver lining for Cornerstone is a 57% growth in revenue year over year.
Finally industry darling Workday achieved 71% increase in revenue and 86% increase in subscriptions year over year Q4 2013. This was with a operating loss of $153.3 million, compared to an operating loss of $117.9 million in the pervious year. Workday also announced the acquisition of recruitment predictive analytics and machine learning organisation Identified.
SuccessFactors’ 1402 release includes many new features including SuccessFactors Presentations. SuccessFactors Presentations allows HR professionals to create interactive presentations about the talent in the organisation. Company sources confirmed that the product will be a core component of SuccessFactors Foundation with no additional cost. SuccessFactors Presentations can:
Local HR/Payroll vendor, Affinity, has launched a new electronic forms product called Clever Forms. Clever Forms from day one has been built to support mobile devices, a critical feature in today’s enterprise applications. Affinity’s Head of Product Development, Bruce Sullivan gives the following overview:
“While programmes like Lotus Notes and Sharepoint have forms capability, they’re not connected to the database – so someone down the line still has to re-key the information into the appropriate system. That means you’re not gaining an awful lot in terms of efficiency.”
Nakisa, workforce modelling and charting vendor has released version 4.1 of both SAP Organizational Visualization by Nakisa (SOVN) and SAP Talent Visualization by Nakisa (STVN). SOVN has a new landing dashboard that provides scenario change alerts, shortcuts to popular organisation modelling templates. While STVN now includes the ability to now have private/public notes tool for HR Professionals to enable collaboration throughout the Succession Planning process. In a busy month Nakisa also released Nakisa OrgHub 4.1 and Nakisa TalentHub 4.1 for SAP Business Suite software.
Talent Management vendor Avature launched a new Mobile App Builder specifically designed to support event management and campus recruiting. While the core Avature products operate on mobile devices this is their first specific app.
Cloud HR solution provider BambooHR partnered with Cornerstone OnDemand to connect the BambooHR product with Cornerstone Growth Edition (the old Sonar6 product) to “sync up between systems and seamlessly exchange information”.
Following their successful 4th quarter Kronos’ owners Hellman & Friedman LLC and JMI Equity have declined a number of bids to purchase the organisation, the bids were reportedly up to US$4.6 billion. It was reported that firms Advent International Corp, Blackstone Group LP and Bain Capital LLC all submitted bids for the company.
Queensland Public Safety Business Agency (PSBA) has published plans to go to market for a new SaaS HR/Payroll offering. The PSBA provides the back-office systems used by the Queensland Police Service and Fire and Emergency Services. The resulting project will replace the old LATTICE system and includes the options of “Core Human Resource and Payroll Business-Process-as-a Service (BPaaS)”. Based on the the Queensland Government QTenders site the expected tender close date is 17 March 2014.
Bank of Queensland has selected Halogen’s talent management solution to help deliver their performance appraisals, succession planning and learning programs. According to Ben Tilley, Head of Performance and Operations at BOQ. “Halogen’s truly integrated system is giving us that global view we’ve been looking for, which is allowing us to better track employee development, and align our workforce to our organizational goals.”
Affinity Education Group has selected Presence of IT’s EC-Payroll solution for its 57 child care centres across Australia. EC-Payroll is based on SAP Payroll and SuccessFactors’ Employee Central, supported by Presence of IT’s tools and accelerators.
After a successful 2013 TechnologyOne kicked off the year by signing an impressive $15 million state-wide deal with the Catholic Education Commission of Victoria across their 486 schools.
Rumour in the market place at the moment is there are changes taking place at local HRIS Vendor Aurion, a Chandler Macleod Group company. Over the last month several Business Development Managers, Account Executives and part of the professional services team have departed.
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