Again Technologies and iQuantic Announce Pact to Extend the Power of Variable Compensation.SAN FRANCISCO--(BUSINESS WIRE)--Dec. 8, 1999-- The challenge of making compensation plans powerful, yet easy to implement and manage, daunts many of the world's leading companies. This task becomes easier today as Again Technologies, Inc., and iQuantic, Inc., announce a strategic alliance to leverage each other's products and services for human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and compensation professionals. Under the agreement, iQuantic and Again Technologies will work together to strengthen the compensation and reward systems of their client companies by making it easier for companies to implement and manage reward strategies. Again Technologies provides a powerful, easy-to-use variable and incentive pay management software that automates compensation plan administration. iQuantic designs compensation, performance management and implementation strategies for leading companies. Under the alliance, customers will be able to better automate To turn a set of manual steps into an operation that goes by itself. See automation. the implementation of iQuantic's incentive design strategies by utilizing Again Technologies' CompSense software. "This is a prime example of the whole being greater than the sum of its parts," Again Technologies CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Gopi Mattel Mattel Inc. (NYSE: MAT) is an American toy company and is the largest toy company based on revenue. Its products include Barbie dolls, Hot Wheels and Matchbox cars, American Girl dolls, board games, and, in the early 1980s, video game consoles. said. "Companies can use iQuantic's services to design compensation and reward strategies that work, and outsource the administration of these tasks to Again Technologies' CompSense software." "In the past many compensation design firms have created great plans that often are never implemented by the customer due to their levels of complexity," Mattel added "Working together, we bring a high level of automation for the implementation of these plans, decreasing the need for administrative work." Added iQuantic President Mark Edwards
Mark Edwards is the current host of the The Wake Up America, Sunday nights from 10:00 p.m. - 12:00 a.m. for KFNX-AM 1100 Phoenix, AZ. , "Incentive pay is a key management tool. By making incentive plan design and administration more powerful and easier to use, it releases our customers to focus more energy and attention on their core business." "The future of management systems and processes lies in automation," he added. "Again Technologies identified a market need and has created a powerful variable compensation management tool. It's a natural extension of what we do." About Again Technologies Founded in 1995, Again Technologies provides complete software solutions to take the pain out of variable pay. Backed by venture capital firm Artemis Ventures, Again Technologies delivers flexible, scalable solutions, enabling companies such as ALARIS Medical Systems, PacifiCorp and Wilson's The Leather Experts to quickly and accurately pay employees whose compensation varies. Named a Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: 'Ten to Watch' company, Again Technologies is privately-held, with headquarters in San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif. For more information, visit Again Technologies' Web site at www.againtech.com. About iQuantic, Inc. iQuantic provides clients with the tools to compete in the New Economy by helping them to assess their challenges, and by developing human resources and compensation strategies that are aligned with achieving business objectives. Now in its seventh year, iQuantic works with more companies in the technology sector -- both public and pre-IPO pre-IPO An offering of a company's shares prior to the firm's initial public offering. Investing in a pre-IPO tends to be very risky, in part because the planned IPO may never take place. -- than any other human resources and compensation consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . iQuantic's clients, including AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. , Hewlett-Packard, CommerceOne and Softbank, have access to unparalleled experience designing and implementing results-driven strategies in the areas of compensation, organization, and implementation. For more information, visit iQuantic's Web site at www.iquantic.com. |
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