All Lines of Business Help to Extend Market Leadership
RESTON, Va. - March 13, 2001 - Workscape, the leading provider of Internet-based Human Capital Management (HCM) platform solutions, continued strong sales growth in all lines of business as evidenced by a number of new deals with major corporations through the end of 2000.
Workscape made available its new multi-client application service provider (ASP) infrastructure through its relationship with Exodus Communications® Inc. (NASDAQ: EXDS), which will allow for enhanced scalability and security. Some of Workscape's newest ASP clients included DynCorp, ICI America, Kaiser Permanente, National Semiconductor (NYSE: NSM), Advanced Micro Devices (NYSE: AMD), and National Steel Corporation (NYSE: NS). Existing ASP clients that purchased additional self-service applications included National Grid (NYSE: NGG), Quantum Corporation (NYSE: DSS) and Tyco (NYSE: TYC).
"To thrive in the 21st century, companies must recognize and develop their most valuable asset - their employees," Tim Clifford, president and co-CEO, Workscape, said. "We feel our growing customer list of global leaders is a testament to Workscape's ability to solve critical business process problems and significantly impact the bottom line."
On-premise software deployments for Employee Self-Service (ESS), and Manager Self-Service (MSS) applications grew steadily with new clients including Archer Daniels Midland (NYSE: ADM), Bank One (NYSE: ONE) and General Dynamics (NYSE: GD). Existing clients Conoco, BEA Systems (NASDQ: BEAS), Teradyne (NYSE: TER) and SBC (NYSE: SBC) were among the group that bought additional Workscape products in the second half of the year. The company also launched its new Employee.com platform, grew its HR self-service software, ASP-based and iSolution lines of business, and signed on several major partners as well. Additionally, Workscape secured $45 million from ABS Capital, AOL Time Warner (NYSE:AOL), DaimlerChrysler Corp. (NYSE:DCX), Warburg Pincus, Coleman Swenson Hoffman Booth Inc. and HLM Management Company.
With the introduction of Employee.com came the first two customers - General Motors (NYSE: GM) and DaimlerChrysler as well as three new technology partners AOL Time Warner, Sun Microsystems (NYSE: SUNW) and iPlanet who will provide infrastructure support for the automakers' 360,000 U.S.-based employees. Workscape's iSolutions operation also announced a strategic relationship with CIGNA (NYSE: CI) to develop a suite of high-volume, multiple media human resources tools to streamline the eligibility and enrollment process for employee benefits customers.
CIGNA's employee benefits portfolio of health care; group life, accident and disability insurance; retirement and investment services and products is among the most comprehensive in the marketplace. Its operating subsidiaries work with as many as 60,000 employers around the world, including most of the Fortune 500.
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