Company Marks 10th Anniversary with Record Revenue
Livonia, Michigan – February 9, 2010 – WorkForce Software, the leading provider of workforce management solutions for organizations with complex policies and compliance concerns, reported today that revenue for the period January 1, 2009 through December 31, 2009 increased by 50% as compared to the same twelve month period in 2008. Despite the challenging economic conditions that affected the global economy in 2009, WorkForce Software continued to expand operations, grow its workforce, and add new clients to the roster.
“Due to the unprecedented economic pressures of 2009, organizations of every size and across every industry sought ways to reduce costs, improve operational efficiencies and maximize the value of their employee base,” stated Kevin Choksi, WorkForce Software’s co-founder and CEO. “Workforce management solutions emerged as a significant contributor to helping Human Resource professionals expand their role within the organization and positively impact business development, employee productivity, and corporate strategy.”
Key to WorkForce Software’s growth was the signing of new clients including Day & Zimmermann, University of Hartford, and Duke Energy. Nearly 50% of the new clients are in the utility industry, building upon WorkForce Software’s already strong install base in the nuclear power market. Validating WorkForce Software’s concentration on mitigating complex labor policies and ensuring compliance, the company implemented the largest fatigue management project on record. The Nuclear Regulatory Commission (NRC) required all nuclear plants to meet strict “fitness for duty” regulations by August 15, 2009 or shutdown. WorkForce Software successfully implemented its EmpCenter® Fatigue Management solution to 90,000 employees at 34 locations in the U.S. simultaneously.
WorkForce Software’s continued growth also required the organization to relocate its corporate headquarters in September. Doubling its office space in a new modern facility, with a state-of-the art training facility, WorkForce Software can easily accommodate its current and future employee population.
Finally, WorkForce Software also celebrated its 10-year anniversary in 2009, marking a decade of focusing on meeting complex and evolving strategic workforce management needs and acting as a true partner in their clients’ ongoing success.
“The entire organization is excited by the company’s continued growth and the milestones we reached in 2009,” concluded Choksi. “And 2010 promises to deliver greater growth for the company with expanded services and solutions for our clients.”
About WorkForce Software
WorkForce Software, Inc. is the leader in workforce management solutions for organizations with complex policies and compliance concerns. Its EmpCenter system enables strategic HR by automating and streamlining interactions between the employer and its workforce. These interactions include time entry, time-off requests, request for personal information, and schedule preferences. By automating these interactions, organizations can better manage payroll and processing costs, help ensure compliance with state and federal regulations, and increase the productivity and satisfaction of their employees.
The EmpCenter suite is composed of numerous applications, including Time and Attendance, Activity Based Costing, Multiple Assignments, Absence Manager, FMLA Manager, Advanced Scheduling, and Fatigue Management. WorkForce Software’s diverse customer base includes large employers such as the University of California, Pacific Gas & Electric Company, Activision Blizzard, Duke Energy and Compass Bank. For more information, visit www.workforcesoftware.com.
Note to editors: WorkForce Software is a registered trademark of WorkForce Software, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
Copyright © 2010 WorkForce Software, Inc.