Company's 33rd Consecutive Quarter of Revenue Growth
ATLANTA, Feb 10, 2006 - Employease®, the leading provider of on demand HR, benefits administration and outsourcing solutions, posted record results for the three months ending December 31, 2005. Revenues grew 62 percent compared to the three months ending December 31, 2004. The quarter marked the company's 33rd consecutive quarter of revenue growth.
"Our revenue growth, operating margins, customer retention, distribution channel, and technology leadership place us at the top of the performance rankings when compared to the publicly traded Software as a Service (SaaS) companies," said Phil Fauver, chief executive officer of Employease.
"Our success is driven by listening to our customers' needs and delivering flexible, proven solutions to meet those needs," said Fauver. "Over the next several months, we will announce significant additions to our solution set, an industry leading partnership and next-generation technologies that will reshape the traditional definition of HR software and outsourcing. Being innovative across all facets of our organization is this company's trademark and is helping drive continued growth and success."
Also during the quarter, Employease was ranked No. 1 Employee Benefit Information System by Business Insurance magazine in the publication's Oct. 31st issue. The publication ranks systems by the number of installations in corporate benefit departments. This is the second year in a row that the Employease solution has topped the list.
Employease provides companies of all sizes the power to choose where and by whom HR tasks are completed. A customer's existing HR and benefits staff can use Employease's applications and/or Employease can use its applications to provide process outsourcing services on a customer's behalf.
The company's applications include full-featured HRIS, benefits administration, employee self-service, manager self-service, leave management, performance management, recruitment and connectivity to internal systems, benefit providers and other service providers. Employease outsourcing solutions include employee call center, carrier billing, invoice reconciliation, enrollment support, fulfillment services, COBRA, HIPAA and flexible spending account administration.
About Employease
Employease®, Inc.(www.employease.com) provides an innovative and proven mix of on demand HR, benefits administration and outsourcing solutions, giving organizations the power to choose how to best manage HR and benefits processes. By focusing on people, not paper, more than 1,000 organizations improve service to employees and managers and positively impact their bottom line using Employease