Recruitmax, a global leader in technology and services for building great workforces, today announced that 2005 was the most successful year in its history, highlighted by a record 83 new enterprise clients and its 33rd consecutive quarter of year-over-year revenue gains. Following a year of strong growth, first-to-market product innovations and global expansion, Recruitmax plans significant infrastructure, service and development investments in 2006 to support its rapid growth and a continued commitment to quality and unmatched customer satisfaction.
Recruitmax revenues increased more than 75 percent in 2005 amidst rising demand for its strategic workforce management software applications. The company showed strength throughout the world with global wins including powerhouses KPMG in South Africa, British Sky Broadcasting and Singapore Airlines. In North America, it captured such well-known brands as Boeing, Whirlpool, Northrop Grumman, Ann Taylor Stores and Lehman Brothers. In addition to 83 new enterprise clients, Recruitmax added more than 200 new clients to its small and mid-sized [SMB] product suite.
In the fourth quarter, the company welcomed a record 29 new enterprise clients, including Culligan International, BCBG Max Azria, Waste Management, and Times Publishing among others. In addition to strong adoption of its recruitment and onboarding software, Recruitmax is seeing accelerating demand for its enterprise performance management application, Impact, which was made available in April of 2005. The company welcomed 12 new performance management clients in the debut year.
“2005 was a huge success,” said Derek Mercer, the founder and Chief Executive Officer for Recruitmax. “Nearly 300 organisations, including 83 enterprise clients, chose Recruitmax to help them improve the way they attract and retain top talent. Their vote of confidence inspires us to achieve even more in 2006. We remain committed to quality and passionate about helping our clients achieve even greater success.”
During the year, Recruitmax garnered a number of prestigious honors. Recruitmax ranked 206th on the Deloitte Technology Fast 500 of the fastest growing technology companies in North America, and 330 and 409 in separate surveys by Inc. Magazine and Software Magazine, respectively. More recently, Forbes.com named Recruitmax one of its Best of the Web picks. Recruitmax also received a 2005 HR Systems Excellence Award from the International Quality & Productivity Center.
On the heels of a strong 2005, Recruitmax is in the initial stages of several strategic investments planned for 2006. These investments include more than $5 million in new hosting, security, product delivery, quality assurance, and development hardware, software and services. To support continued expansion in Asia Pacific, Recruitmax plans to launch a new data center in Australia in the first half of 2006. The new hosting facility will supplement the company’s existing data centers in the United States and the United Kingdom.
Additional initiatives planned for this year include customer service, training, research and educational investments to help customers become more knowledgeable and gain even more value out of their Recruitmax applications. Also in 2005, the company added Darren Bounds as its Information Security Officer. Mr. Bounds was hired to oversee all aspects of application and infrastructure security. Prior to Recruitmax, Mr. Bounds served as the Senior Manager of Information Security at NTT Communications and the Chief Security Architect, Global Information Security at Office Depot Inc. At Office Depot, Mr. Bounds managed global security and proactive protection of an e-commerce infrastructure running daily transaction volume in excess of $20 million. These investments highlight the company’s unmatched commitment to security, stability and enterprise scalability, and the industry’s most expansive technology infrastructure.
“As a company with operations on three continents and a commitment to serving customers worldwide, we are better equipped to provide unparalleled support to our global customer base and better serve their expanding needs,” said Angel Cabrera, Chief Technology Officer for Recruitmax. “These initiatives underscore our dedication to unparalleled performance, reliability and quality. We are looking forward to a fantastic 2006.”