Buoyed by Strong Demand, Revenue Up 24% over Q2 2007
Livonia, Mich., August 5, 2008 – WorkForce Software, Inc., a leader in workforce management solutions, reported today that revenue for the three months ending, June 30, 2008, increased by 24-percent over the same period last year. The continued growth is attributed to strong demand for enterprise workforce management applications in many industries, including public sector, higher education, K-12, and insurance markets. In the second quarter, WorkForce added nearly 70,000 to the total employees managed with its EmpCenter™ Workforce Management solution.
To sustain its growth, WorkForce Software grew its team by 20-percent, which added new employees in its development, consulting, and support departments. Chief Financial Officer Ed Bernice joined the WorkForce team in April 2008. Mr. Bernice is responsible for the strategic and financial business development at the company. He has more than 30 years experience with many businesses, where he was instrumental in increasing revenues, and executing profitable mergers and acquisitions. Mr. Bernice has held executive positions at Halcon SD Group, Inc., Steinman, Texcel International, Memry Corporation, ENSR International Corporation, and Clayton Group Services, Inc.
Employers continue to invest in workforce management applications because they help minimize payroll costs, ensure compliance with labor regulations, and provide employee self-service functionality that increase productivity and job satisfaction while controlling transaction costs. “Many customers joined us this quarter because they understand the value of automating their workforce management processes,” said Kevin Choksi, president and CEO of WorkForce Software.
New WorkForce Software customers added during the second quarter include Liberty Mutual, Océ Business Services, Manatee County Government in Florida, and Ohio State University’s College of Dentistry. “We are pleased with our growing list of premier customers,” said Choksi. “And we are continuing to invest in the product and our people to provide our customers with a world-class solution.