Authoria's Outstanding Third Quarter Performance Once Again Exceeds Targets.WALTHAM, Mass. -- Highlights of Strong Quarter include Increased Revenue and New Blue Chip Customers Authoria, Inc., a leader in strategic Human Capital Management (HCM HCM hypertrophic cardiomyopathy. ) solutions, today detailed its third quarter results (ended September 30, 2004) and announced once again that it has exceeded all aspects of its corporate plan. The company drove a 40% increase in sales over the same quarter last year and closed 14 new deals, ten of which included services under Authoria Choice(TM), the company's new program delivering its solutions on a managed, on-demand basis. "These results clearly demonstrate that we deliver solutions that truly solve problems for our customers and help them be successful with their most strategic initiatives," said Tod Loofbourrow, Authoria's chief executive officer. "In addition, the strong adoption of our solutions delivered as a managed, on demand service shows that we are not only offering the best solutions, but that we're also providing the flexible deployment options that customers need most." Authoria experienced broad demand across its entire product line, including numerous customers that have purchased the complete Authoria Advisor suite of strategic HCM solutions. In addition to the thirteen new deals announced in September as part of Authoria's acquisition update (following the June 2004 acquisition of Advanced Information Management, Inc.), Authoria has closed deals with: --Affiliated Computer Services Data processing (timesharing, batch processing), software development and consulting services. See service bureau, SaaS and ASP. , Inc. (NYSE NYSE See: New York Stock Exchange : ACS (Asynchronous Communications Server) See network access server. ) --Cox Enterprises, Inc. --Health Net, Inc. (NYSE: HNT HNT Hostage Negotiation Team ) --Johnson Diversey, Inc. --Retail Ventures Inc. (Filene's Basement Filene's Basement, also called The Basement, is a Massachusetts-based chain of department stores owned by Retail Ventures, Inc. The oldest off-price retailer in the United States, The Basement , Inc., DSW DSW - penis war Shoe Warehouse, Inc. and Value City Department Stores) (NYSE: RVI RVI Radio Vlaanderen Internationaal (public broadcaster of the Flemish Community in Belgium) RVI Remote Visual Inspection RVI Renault Vehicules Industriels RVI Residual Value Insurance RVI Reverse Interrupt ) As highlighted by its relationship with ACS, Authoria continues to demonstrate its leadership in the HR outsourcing space. Authoria provides solutions to 90% of the top HR outsourcers. "Authoria has been providing products and services to HR outsourcers for more than seven years," said Joe Jaeger jaeger (yā`gər), common name for several members of the family Stercorariidae, member of a family of hawklike sea birds closely related to the gull and the tern. The skua is also a member of this family. , senior vice president of sales, Authoria. "With millions of lives currently accessing Authoria solutions through these partnerships, this will continue to be both an important market for us and an important channel for our customers." About Authoria Authoria's strategic Human Capital Management (HCM) solutions help employers support enterprise-wide pay-for-performance initiatives and reach their high-level business objectives through their people. Authoria combines compensation and performance management with just-in-time knowledge and coaching for employees and managers, driving shareholder value at over 200 leading organizations, including Boeing, Pfizer, and Unocal. Authoria provides a strategic approach to effective communication, empowering employees to better understand and use benefit, policy and total compensation information. Visit www.authoria.com/news21 Note to editors: Authoria is a registered trademark and the Authoria logo, Authoria Choice and Authoria Advisor Series are trademarks of Authoria, Inc. in the U.S. and in other countries. All other names are used for identification purposes only and may be trademarks of their respective owners. The software is protected by U.S. Patent Nos. 6,505,183, 6,633,859, 6,640,216 and other patents pending. |
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