LONDON -- StepStone (OSE:STP) today announced a solid start to Q3, with record Online sales in July and more than thirty new Solutions customers secured already in the quarter to date. Rapid progress has also been made on integrating Recruiter Norge AS, acquired in July, into the Solutions business. The combined organisation now boasts more than 310 Solutions customers in Norway alone.
Colin Tenwick, CEO of StepStone, said: "StepStone has had a solid start to Q3. We maintained momentum through the traditionally slower summer period and are well positioned for the coming months where we expect strong demand across both our Online and Solutions businesses. "
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* Respected blue chip organisations including TomTom International (Netherlands), KPMG (Denmark), Procter & Gamble (Italy), Telia Sonera (Sweden), Statoil Energy and Retail (Norway) and Cisco (pan-European) complete StepStone subscriptions during July and August.
* Strong performance by our distributor networks in key emerging markets of Eastern Europe, Russia and China during the summer months
* Integration of Recruiter Norge AS staff into the Norwegian operation and strong start with respect to product integration and customer migration
* StepStone's new radio advertising campaigns commence and are scheduled to air during Q3 and Q4 in Denmark and the Netherlands
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"Our full-year outlook remains on track," continued Tenwick. "Fundamentals continue to strengthen and we are continuing to execute against plan."
StepStone will announce its results for Q3 on 25 October.
About StepStone
StepStone is one of the world's largest providers of on-demand, talent management solutions, offering a portfolio of technology, software and online services that enable organisations to attract, recruit, develop, retain and manage the best available talent.
StepStone Online operates some of Europe's largest and most successful Total Talent Communities, covering 13 countries and attracting 1.9million visitors each week. StepStone's Total Talent Management Software Solutions are a range of on-demand services which enable organisations to manage the entire employee lifecycle, from initial attraction, through pre-hire online recruitment, on-boarding and post hire performance management including compensation management, skills and competency management and employee training and development. StepStone recently completed the acquisition of ExecuTRACK, a global leader in strategic Talent Management, which extends StepStone's Total Talent Management solutions portfolio.
Thousands of organisations including Aviva, BBC, Amey, Royal Bank of Scotland, AXA, British Airways, Xerox and Fiat use StepStone's products and services to help them recruit qualified staff globally. Founded in Norway in 1996, StepStone was the only European-headquartered vendor to be recognised as a 'leader' by Gartner, Inc's recent "Magic Quadrant for E-Recruitment Software, 2006" report. For more information see: http://www.stepstone.com
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