Latest Press ReleasesNEOGOV Announces Record-Setting Annual ResultsGrowth solidly surpasses expectationsJuly 16, 2010 (El Segundo, CA) -- NEOGOV, the market leader in on-demand human capital management for the public sector, today announced its most successful year to date. Despite harsh economic conditions, the company achieved record growth in 2009 and forecasts continued strong performance through 2010. Today, the company has the largest SaaS subscriber base in the public sector with 1.8 million users and over 600 customers. Overall, the company's client base grew by 30 percent in 2009 over the previous year. NEOGOV, which recently celebrated its 10-year anniversary, is among the fastest-growing companies in the U.S. The Company resides on distinguished lists such as Inc. magazine’s "Inc. 500," which highlighted NEOGOV for 388 percent revenue growth from 2005 to 2008. Recently, NEOGOV was also named among the top 15 Fastest Growing Private Companies in the Southern California region by Los Angeles Business Journal. "Over the past decade, NEOGOV has emerged as the premier provider of public sector on-demand human capital management technology,” said Damir Davidovic, CEO of NEOGOV. “2009 was a breakthrough year for our company, marked by a series of landmark partnerships and exceptional growth in spite of the adverse economic climate. In the coming year, we will continue to invest in innovation and ensure our customers benefit from the product leadership they have come to know and expect." Additional highlights include: Client Wins: NEOGOV signed a wide variety of public sector agencies, such as:
Product Innovation: The Company launched major functionality enhancements across its software suite to provide greater usability and enhanced platform depth. This includes a more advanced version of the NEOGOV Insight Recruiting and Applicant Tracking System and Test Management application. The Company also advanced its product roadmap on with the addition of Performance Evaluations (PE), a robust application designed to enable customers to align employee performance and development plans with strategic business needs. Analyst Recognition: For the 2nd consecutive year, NEOGOV was recognized by Gartner Inc. in the "Magic Quadrant for E-Recruitment Software" report. The Magic Quadrant positions vendors according to “Ability to Execute” and “Completeness of Vision.” This year, Gartner analysts advanced NEOGOV to the "Visionaries Quadrant" on the strength of its market-leading product and service offerings. In particular, Gartner rated NEOGOV implementation and post-implementation support as "best-in-class." Client Success: In Q4, the company formally launched NEOGOV Community, an innovative approach to support. Premised on the concept that partnerships beget strength, knowledge and efficiency and innovation, Community provides a unique, exclusive space for customers, over 600 peer agencies, to interact, exchange ideas, ask and answer questions, engage training and share best practices. In total, Community tools enable its public sector customer base to benefit from one another's commitment to optimizing the use of NEOGOV software. NEOGOV Kicks Off Hiring SpreeFast-growing private Software-as-a-Service (SaaS) company to add 18 new positionsJuly 9, 2010 (El Segundo, CA) -- NEOGOV, the leader in the public sector human capital management software-as-a-service market, today announced it will add 18 employees. The positions will be based out of its Los Angeles and Jacksonville offices and focused in: software development, product management, sales and customer service. The new hires, scheduled to occur over the next six months, are aimed at driving product innovation and extending the Company’s market leadership. Currently, over 600 public sector agencies utilize NEOGOV products to automate recruiting, testing, selection and performance management processes. With several new products in various stages of development fueling short and long-term growth, the Company will use its expanded workforce to penetrate new markets and bring these products to its customers. "People at NEOGOV are passionate about technology, focused on customer success and thrive in an entrepreneurial environment where risk-taking is encouraged and rewarded," explained NEOGOV CEO Damir Davidovic. This philosophy has resulted in NEOGOV being named one of the top 50 fastest growing private software companies in the United States. In addition, the Company recently garnered recognition as one of top 15% of fastest growing private companies in the US. "Despite our success, we are always looking for opportunities to better serve our customers,” added Davidovic. “The challenge is pin-pointing the top-notch talent that shares our vision. Our extensive, values-based screening process ensures that each new employee is both a skill match and a culture fit. We heavily invest in our people and this infrastructure is critical to building enduring success." NEOGOV Reaches Landmark 60th Customer in Higher EducationJune 25, 2010 (El Segundo, CA) – NEOGOV, the market and technology leader in on-demand workforce management for the public sector, today announced it has reached a major milestone; the 60th customer win in higher education. As a result of this new contract, University of Nebraska, Omaha, will be deploying NEOGOV’s on-demand workforce management technology. The University plans to leverage NEOGOV Insight Recruiting and Applicant Tracking System and Test Management System to bring its human resource business processes online. Commenting on the rapidly expanding number of higher education customers deploying its Insight Recruiting and Applicant Tracking and Test Management Systems, NEOGOV CEO Damir Davidovic said: "NEOGOV has reached critical mass – its customer base in the higher education space has moved beyond early adopters to encompass a host of prestigious institutions across the United States. Furthermore, Insight’s intuitive user interface, rich functionality and low-maintenance Software-as-a-Service (SaaS) delivery model offers our higher education customers an experience uniquely tailored their needs. As a result, NEOGOV is well positioned to become the de facto standard." In fact, the rate of adoption for on-demand workforce management technology in the higher education market is accelerating at an unprecedented pace. Higher education customers specifically value the proven performance and reliability of NEOGOV’s on-demand infrastructure coupled with its command of the public sector market. "Though we are relatively new to the higher education market, our outstanding reputation in the larger public sector precedes us. University of Nebraska, Omaha, engaged a comprehensive vendor evaluation process and we are thrilled they chose NEOGOV Insight Recruiting and Applicant Tracking and Test Management Systems to automate their HR business processes," stated Davidovic. "NEOGOV has made aggressive investments in product leadership for the higher education space, developing end-to-end workforce management systems that meet the unique requirements of this vertical market sector. Our customers will continue to capitalize on this investment." NEOGOV has earned overwhelming market share by offering best-of-breed technology and services geared towards customer needs in the public sector. NEOGOV ensures successful customer deployments through customized training resources, highly skilled and experienced implementation consultants and a dedicated team of customer success specialists. Continue ReadingCase Studies |
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