Magazine article Workforce Management

Softscape Plans Expansion amid Growing Sales

Magazine article Workforce Management

Softscape Plans Expansion amid Growing Sales

Article excerpt


HR tech vendor Softscape is betting big on its recent growth and the momentum behind increasingly popular talent management applications.

The Wayland, Massachusetts-based firm recently announced that it plans to add 100 employees to its base of about 200 during the coming year. Softscape, which offers applications ranging from basic human resources information management to workforce planning and recruiting, also said it has hired five HR technology veterans to bolster its services division.

The swelling ranks come in the wake of a 22 percent rise in annual revenue last year, says Christopher Faust, Softscape's executive vice president of global strategy. And Faust says the company is looking forward to another year of significant growth in 2006.

Softscape's pace has fallen from 2004, when its annual revenue jumped by about 40 percent. But that's partly a result of having a larger base of business against which to measure progress. The 10-year-old company is starting to rake in serious annual sales. "We'll probably break $40 million this year," Faust says.

Along with vendors such as Taleo, Kenexa, Oracle and SAP, Softscape competes in the field of performance and talent management software. That's the hottest part of the human capital management market, and it should grow 20 percent annually through 2009, says Forrester Research analyst Paul Hamerman. Softscapes expansion goals reflect both the company's own success and the vigor of the performance and talent management arena, Hamerman says. …

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