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  interbiznet Bugler

October 25, 2010

In The News

Kronos Incorporated, the global leader in workforce management solutions, plans to more than double the size of its engineering population in India within the next 24 months. In support of its major expansion plans, Kronos opened a new corporate facility in the iconic 3Cs Knowledge Boulevard IT Park in Noida. Kronos also operates offices in Bangalore and Mumbai.

Wells Fargo & Company introduced a new online solution for managing payrolls targeting on-the-go business owners. Wells Fargo OptRight Payroll Solutions provides business owners with the freedom to choose how they want to manage their payroll – via online, phone, fax, or email.

Bottomline Technologies, a leading provider of collaborative payment, invoice and document automation solutions, is making its Paymode-X functionality available in the WebSeries Cash Management Platform. Paymode-X is the fastest growing online business to business electronic payment network helping companies convert from paper to electronic payments easily and securely.

Brady Corporation, a world leader in identification solutions, has njamed Allan J. Klotsche as Senior Vice President - Human Resources, effective immediately. Klotsche, 45, currently serves as President - Brady Asia-Pacific. In addition to his new role, he will continue to lead Brady's business in Asia-Pacific until a successor is found.

Verifications, Inc., employment screening and onboarding solutions, has joined the SuccessFactors Partner Program as a Strategic SuccessCloud Partner. SuccessFactors is a global leader in Business Execution Software.

System One Holdings, LLC, a leader in technical outsourcing and careers, has received a minority investment to fund future growth from Veronis Suhler Stevenson (VSS), a leading private equity and debt capital investor with deep experience in professional and human resources services. System One delivers professional managed staffing solutions for the energy, nuclear, engineering, information technology, scientific and commercial sectors. Terms of the deal were not disclosed.

Study States . . .

The Talent Acquisition Systems Marketplace—Growing and Evolving

In a recent study, Bersin & Associates projected the marketplace for TAS to grow by about 33 percent over the short term—from just shy of $783 million in 2009 to more than $1.04 billion by 2012. The same study, "Talent Acquisition Systems 2009: Facts, Practice Analysis, Trends and Provider Profiles," observes that the TAS playing field has noticeably evolved over the past several years, with the powerhouses of past years yielding to the powerhouses of today. For instance, Taleo and Vurv, two of today's largest players, now take the place of BrassRing, Kronos offshoots such as Unicru and Deploy Solutions, and others—all former mainstays in this sector of the HR tech marketplace.

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