Firms to develop and deliver a complete human resources portal solution
WASHINGTON, D.C. and RESTON, Va. - February 28, 2001 - Workscape Inc., the leading provider of Internet-based Human Capital Management (HCM) software and services, and human capital consulting leader Watson Wyatt & Company Holdings (NYSE: WW) today announced that they have signed a letter of intent regarding a strategic alliance to develop and deliver a complete human resources (HR) portal solution.
"We are experiencing rapidly increasing demand for eHR services. This alliance with Workscape enhances our ability to serve our fastest growing market," said John Haley, President and CEO of Watson Wyatt. "Workscape's Employee.com is a comprehensive offering that goes beyond the typical corporate or HR portal. It is a solution that connects employees to the content, tools and communities they need to do their jobs.
"We believe the Employee.com model is the wave of the future, and it is a 'best-of-breed' technology solution that fits our strategy," said David Marini, Waston Wyatt's Global Practice Director for HR Technology. "Our clients can benefit greatly from the opportunity to integrate the benefits administration services we are providing them into Employee.com."
Under the alliance , Watson Wyatt and Workscape would share in the distribution, systems integration, development and marketing of Employee.com and related Workscape products for customers around the world.
"Watson Wyatt's eHR consulting approach is a perfect complement to Workscape's technology applications and infrastructure," said Tim Clifford, co-CEO, Workscape. "With their strategic systems integration and human resources expertise and our HCM platform, our customers will be able to quickly offer a new range of HR services and information to their employees."
About Watson Wyatt & Company
Watson Wyatt & Company is an international human capital consulting firm that provides services in the areas of employee benefits, human resources technologies and human capital strategies. Watson Wyatt is a recognized leader in the development of custom employee service delivery solutions. The firm is headquartered in Washington, D.C., and has more than 4,000 associates in 60 offices in the Americas and Asia-Pacific. Together with Watson Wyatt Partners, a leading European-based consulting partnership, the firm operates globally as Watson Wyatt Worldwide. Watson Wyatt Worldwide has more than 5,800 associates in 85 offices. For more information visit http://www.watsonwyatt.com.
Workscape builds Internet solutions for Human Capital Management (HCM) and employee benefits administration, which strengthen relationships among employers, employees, and HR suppliers. In addition to its award winning employee portal, the company develops HR self-service, workforce management, and other workplace e-commerce solutions that drive productivity gains and improve overall employee satisfaction. Workscape solutions have been deployed at over 300 major corporations representing almost 10 million employees worldwide. For more information, visit the company at www.workscape.com or call (888) 605-9620