StepStone Solutions closes MrTed acquisition
StepStone Solutions closes MrTed acquisition expands capability to address global talent acquisition market
StepStone Solutions, a global leader in Software-as-a-Service (SaaS) Talent Management solutions, has completed the acquisition of privately-owned e-recruitment software provider MrTed. The acquisition adds over 130 customers to StepStone Solutions existing customer base of 1,500 global businesses, including names such as France Telecom, Heineken, SGS, Alexander Mann Solutions, Wolters Kluwer, and Randstad. The acquisition accelerates StepStone Solutions global growth, extends its product set and widens its existing SaaS capability. For more information see www.stepstonesolutions.com
MrTeds highly regarded MrTedTalentLink product, a fully SaaS-based offering, is recognised for a high level of innovation and flexibility in its architecture, which allows it to be rapidly configured to support individual user requirements within the context of a standardised, SaaS-based corporate environment. As such it delivers both high levels of user satisfaction and operational efficiency while remaining cost-effective to deploy and manage in the largest, multi-national enterprise talent acquisition projects. MrTedTalentLink has earned top marks from industry analysts. Gartner Group, positioned MrTed in the Visionaries quadrant of its 2009 Magic Quadrant for e-Recruitment Software. In its 2009 and soon-to-be-published 2010 studies of talent acquisition systems, Bersin & Associates highlights MrTedTalentLinks advanced cloud architecture, application portability and dynamic user interface.
Our immediate experience of working with the MrTed team, customers and products has been very rewarding, with a strong similarity in our cultures and processes, said StepStone Solutions CEO, Matthew Parker. The increase that MrTed brings in many areas of capability, combined with the global reach, customer base and market expertise of StepStone Solutions, give us an unmatched ability to serve customers of all types and sizes in every market including Europe, Asia-Pacific and the US.
This acquisition makes absolute sense, said Josh Bersin, president of Bersin & Associates, a leading research and advisory firm focused on enterprise talent management and learning. Combined, these two companies have significant global market share. We estimate that the talent acquisition market will continue to grow by about 10% over the next year, with much of that growth coming from global expansion. Stepstone Solutions is well positioned to capitalise on this opportunity.
The MrTedTalentLink product will continue to be developed, marketed and fully supported under the ownership of StepStone Solutions.
Im delighted that MrTedTalentLink, our staff and customers have found such a great home under the StepStone Solutions brand, said Jerome Ternynck, MrTeds former CEO, who will continue to work with StepStone Solutions in an advisory capacity. Our customers should be particularly pleased as this acquisition will enhance the value they will get from their investment in MrTedTalentLink through the greater resources of a major player like StepStone Solutions.