MRTED BEATS GLOBAL RECESSION, POSTS BANNER YEAR
LONDON, February 23, 2010 MrTed Ltd, the global leader of Talent Acquisition Solutions, exceeded analyst expectations for 2009 by thriving despite the worst global recession in a generation. While other human capital software and services providers struggled to match their performance from previous years, MrTed rocketed to global distinction behind strong revenue, profitability and growth in international market share. The company also expanded into significant new lines of business, released a much-anticipated new version of their flagship global talent acquisition solution, MrTedTalentLink and launched a category-killing, free and easy applicant tracking system.
2009 was a year to remember, said Jerome Ternynck, Chief Executive Officer and Co-Founder of MrTed, both for the tremendous challenges posed by the global economic recession and for MrTeds ability to prosper during the toughest of times. Every successful company owes a debt of gratitude to its clients. And so I express my humble and heart-felt appreciation to our customers, old and new, who have brought us to this position of global talent acquisition leadership.
MrTeds banner year was punctuated by several notable achievements. First of all, the company earned a profit for the 6th straight year, despite strong cost pressures and economic headwinds. Growth and profitability were driven by the acquisition of major new clients on every continent, and across multiple industries, including the worlds largest deployment in ever, the Ministry of HR in China.
MrTed also released a much-anticipated new version of their global talent acquisition solution, MrTedTalentLink. The new release, dubbed Cloud 9 has earned top marks from industry analysts like Gartner Group (who positioned MrTed in the Visionaries quadrant of the 2009 Magic Quadrant for e-Recruitment Software) and Bersin & Associates because of the solutions advanced cloud architecture, application portability and dynamic user interface.
Perhaps the most surprising success for MrTed was the launch of their free, feature-rich Applicant Tracking System (ATS) for recruiters in companies with as many as 2,500 employees. SmartRecruiters catalyzed a revolution in the mid-market, attracting more than 3,000 clients in less than 6-months. Despite the fact that SmartRecruiters is still in beta, the solution is in daily use across thousands of companies, more than 30 industries, and in multiple countries. Leveraging an open SaaS model, solution enhancements and new features are driven entirely by the community of users. Industry experts expect SmartRecruiters to edge out most fee-based applicant tracking systems in the SMB market segment over the next 3 years.
Based on our performance during the global economic crisis, it will be very interesting to see how we perform as the economy gradually recovers in 2010, said Mr. Ternynck. My prediction is that we will beat expectations once more.
MrTed is already off to a brilliant start with major new International clients including the French Social Security, who is working with MrTed to complete the largest implementation of a talent acquisition solution in French government history.
More information about MrTed is available at www.mrted.com
MrTed is a leading provider of on-demand talent acquisition solutions designed to help companies of all sizes optimize the process of acquiring local talent on a global scale. Through innovation, passion and focus, MrTed provides the world’s most effective recruitment solutions, ranging from MrTedTalentLink, an enterprise-class global talent acquisition solution, to SmartRecruiters, a free and easy applicant tracking system. MrTed was founded in London in 1999 and supports over 2,500 clients in more than 100 countries find and acquire the most coveted talent in the world.
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