CHICAGO, Oct. 9, 2012 /PRNewswire/ -- Peoplefluent®, a leading Human Capital Management technology company, today reported record results and strong third quarter performance with a 29 percent increase in annual recurring revenue (ARR) year-over-year (excluding the most recent acquisitions of Aquire, Strategia and Socialtext). Despite a weakened global economy, the company realized significant growth in its EMEA operations with a 40 percent increase in ARR in the first nine months of 2012, compared to the same period last year.
"Peoplefluent has had a phenomenal year and a powerful third quarter. While we are pleased with strong industry accolades around our breakthrough mobile and social product innovation across the full Talent Management suite, we are most grateful for the true endorsement of our broad and differentiated solutions that has come directly from our customers, old and new. Their excitement about our development agenda and their commitment to our industry-leading Talent Management offerings has delivered this strong quarter," said Gerry Murphy, President and CEO of Peoplefluent. "We continue to invest disproportionately in engineering and development and are deeply committed to building and delivering products that propel the success of the organizations we serve."
Fueling a strong third quarter, Peoplefluent saw early momentum in its Compensation product line, with 27 percent growth year-to-date, as customers plan ahead for their 2013 compensation cycles. The company's Vendor Management Solutions (VMS) business also recorded strong growth of 53 percent in the third quarter of this year, compared to the same quarter a year ago, benefiting from a shifting workforce landscape, which increasingly blends, manages and measures full-time, part-time and contingent laborers in a single employee population.
Peoplefluent was recognized in this quarter with selection as a top HR product of the year by Human Resource Executive® for its mobile applications and selection for the "Awesome New Technologies for HR" session at the HR Technology® Conference & Expo for its newest Social HCM Suite. With the expansion of its Social Suite, Peoplefluent will, again, build a product from the ground up, which brings to life a social, mobile and visual analytics experience to meet employees when, where and how they want to engage.
Supporting the company's continued product innovation and ongoing market demand, Peoplefluent has hired more than 100 new employees in the last six months and expanded its sales force by 12.5 percent in the same period. The company also fortified sales management with the addition of three Regional Vice Presidents and a Vice President of Strategic Accounts. With an ongoing commitment to the highest levels of customer care, Peoplefluent has also expanded its service and support organizations to keep pace with an increasing number of customer implementations.
Peoplefluent® is the leading provider of talent management software designed to support the entire workforce. We provide the mobile enablement, social collaboration, information visualization and the domain expertise required to empower strategic decision making and true employee engagement. Our talent solutions enable organizations to unlock each individual's potential by removing the boundaries that limit the performance and productivity of your workforce. With the most comprehensive talent suite in the industry including solutions for talent management, workforce compliance, contingent labor management, analytics and workforce planning, Peoplefluent offers a solution to optimize every step of the talent lifecycle.
Our solutions have helped over 5,100 organizations in 214 countries and territories successfully achieve their talent aspirations. Today, 80% of the Fortune 100 relies on Peoplefluent solutions as part of their talent management delivery strategy.