New client activity, market-leading client renewal rates and industry recognition confirms momentum
PORTLAND, Ore. - February 8, 2005 - With quality leaders in key sectors of retail becoming clients, Unicru, Inc. today announced it secured $60 million in new contracts in 2004, a 40 percent increase from 2003, increasing its total contracted backlog to over $100 million. Unicru`s business momentum has been driven by new customer adoption and a 100 percent customer renewal rate. The company achieved GAAP profitability in the fourth quarter.
Thirteen percent of all hiring by large US retailers was conducted via Unicru last year -totaling over 10.5 million applicants and over 500,000 hires - a hiring rate nearly double any other vendor in the e-recruitment or talent management technology market. Unicru has now assessed over 32 million job applications. This momentum is due to a 40 percent growth in locations where Unicru is deployed, primarily through new client contracts.
Indeed, 2004 was marked by the signing of major multiyear agreements with quality leaders in key sectors of retail. Unicru customers currently account for five of the top 10 Fortune 500 food and drug retailers and 40 percent of the list`s top 10 specialty retailers. In fact, new Unicru customers include leading department stores, grocers, auto resellers, and hospitality providers, among others. With these customers, Unicru captured over 65 percent market share of new business in the retail and dining industries.
In addition, the company`s record year was defined by the following achievements:
• Convened 34 executives of Unicru client companies to meet with Unicru executives to help set the company`s direction
• Forged an alliance with IBM and Workbrain for end-to-end workforce optimization via an on-demand services model
• Extended its product offering with new modules for Mass Hiring, Seasonal Hiring and Re-Hiring
• Expanded its business value with Safety and Sales optimization services
• Launched the first workforce selection solutions designed specifically for the Dining & Trucking industries
• Received a Strong Positive rating in Gartner`s e-Recruitment Software MarketScope Report for its retail hourly recruiting solution
• Delivered its service with an exceptional 99.96 percent availability in 2004
• Expanded its Board of Directors with the addition of John Miner, President of Intel Capital, and Ron E.F. Codd, former PeopleSoft CFO
• Hired seasoned industry veteran David Muir as SVP of Engineering
"Unicru`s year-over-year growth is a testament to the strong ongoing value we deliver to our customers," said Unicru president and CEO, Chris Marsh. "Quality leaders within all sectors of retail have become Unicru clients, confirming our position as the industry leader and reinforcing our commitment to meet their unique needs through the integration of workforce selection science, hiring process automation, decision support and data analytics to predict and optimize the performance of their workforce."
In 2004, Unicru received the following industry accolades:
• HR Technology Excellence Award for Best HR Technology Solution in HRMS
• AlwaysOnTM - Top 100 Private Companies
• Top 25 Fastest Growing Technology Companies in Oregon
• Oregon Technology Award - Privately held company of the year
• American Business Awards Finalist
• Software magazine - Software 500
• Oregon Business - Best 100 Companies to Work For
About Unicru Inc.
Unicru is the leading provider of Total Workforce Acquisition solutions that enable enterprises to systematically select the highest quality employees across job roles throughout the enterprise to positively impact corporate outcomes through workforce initiatives. Unicru combines scientifically proven employee selection assessments, applicant recruitment, hiring management decision support, and complete data capture for measurement and continuous improvement of business results for over 60 enterprises including Albertsons, Universal Studios, Blockbuster, CVS, Kroger, and Southeastern Freightlines. For more information, visit www.unicru.com.
Unicru is a registered trademark of Unicru, Inc.
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