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Plateau Systems Acquires Compensation Management Pioneer Nuvosoft, Inc.
02/21/2007
Leading Performance, Learning, Career and Succession Management Provider
Adds Advanced Compensation Management to Deliver Industry's First Best-of-Breed
Talent Management Solution
Arlington , VA. - February 21, 2007 - Plateau Systems, a leading provider of
software for developing, managing and optimizing organizational talent, today
announced that it has acquired Nuvosoft Inc., a privately-held provider of
web-based compensation management software. By combining Plateau's award-winning
learning, performance, career and succession capabilities with Nuvosoft's
advanced compensation planning and incentive management functionality, Plateau
will deliver the industry's first best-in-class talent management solution.
"The strategic acquisition of Nuvosoft validates and underscores Plateau's
ongoing commitment to delivering best-in-class talent management solutions,"
said Paul Sparta, Chairman and CEO of Plateau. "By offering advanced
compensation capabilities with our existing best-in-class learning, performance
management and career and succession planning solutions, Plateau is providing
organizations with a unified approach to developing, managing, rewarding and
optimizing talent. As we continue to deliver superior talent management
solutions that can be deployed individually or as part of a full talent
management suite, we enable current and prospective customers to future-proof
and expand their investments in a way that makes sense for their organization."
According to The Yankee Group, a leading industry research firm, the
worldwide market for talent management solutions, which includes employee
learning, performance, career and succession planning, compensation management
and recruitment, is expected to surpass $2.3 billion in 2006, growing to more
than $4.0 billion by 2009. Yankee forecasts 19.6% growth in compensation
management over the next four years, attributed to more performance-based
compensation programs and the emerging pay-for-performance initiatives.*
"The ability to enable consistent, reliable and standardized compensation processes that are linked
to key performance drivers of individual and organizational strategies can affect
many facets of the business," said Jason Corsello, Business and IT
Services Director at The Yankee Group. "Integrating a talent management vision -
maintaining visibility, control and alignment of performance and
compensation tied to business outcomes - has become critical to
the success or failure of today's organizations."**
Global customers including Nintendo, State Street Bank, BOSE, and Lucent
Technologies are currently using Nuvosoft's award-winning solutions to
facilitate compensation planning and incentive management across their
organizations. Plateau Compensation will offer Nuvosoft's comprehensive
compensation management capabilities as three integrated applications that may
also be purchased individually:
Plateau Compensation Planning - Automates and enables
complete planning and management of wide range of compensation programs
including salary, merit increases, market adjustments, lump sum payments and
other discretionary pay components.
Plateau Short-term Incentive - Facilitates planning and
administration of sophisticated short-term incentive programs that involve
business guidelines and rules, such as eligibility requirements, for bonus pool
funding and allocation.
Plateau Long-term Incentive - Allows compensation managers
to plan and administer both market-based and performance- based long-term
incentive programs, such as company stock plans and multi-year executive reward
programs.
Plateau Compensation is an advanced, flexible and
intuitive compensation planning and management system that allows organizations
to build, administer and update simple and complex, policy-based compensation
plans, in real-time. This inclusive web-based system allows compensation
managers to implement state-of-the-art pay-for-performance programs that tie
employee, group and division goals to company financials. Plateau Compensation
enables managers to easily and cost-effectively reward top performers and
increase workforce productivity.
IES (Integrated Electrical Services), the largest provider of electrical
contracting solutions in the United States with nearly 7,000 employees and 120
locations nationwide, recently selected and will deploy Plateau's full talent
management suite of solutions, including Plateau Compensation, Plateau
Performance, Plateau Career and Succession Management and Plateau Learning, as
the foundation of its enterprise-wide talent management strategy.
"Plateau distinguished itself by offering an end-to-end talent management
solution," said Russell Zech, Director of Workforce Development at IES. "By
deploying an integrated solution that links employee performance, training,
development and compensation, we hope to accelerate our talent management
strategy and expedite the achievement of our corporate human capital management
goals, which are critical to the continued growth and success of our
organization."
The Plateau Compensation product s provide compensation administrators
and company executives with a detailed real-time view into the planning
process, while ensuring that managers have the information they need to make
informed compensation decisions. Executives and managers can also leverage the
product's powerful reporting capabilities and customizable templates to generate bonus
distribution reports for employees, business managers, senior management and
compensation managers. With its unique ability to support virtually all
compensation scenarios, which can be based on unlimited variables, Nuvosoft's
powerful compensation capabilities provide managers with real-time visibility
into how compensation decisions impact overall departmental and corporate
budgets.
Plateau Compensation supports multiple currencies and can be globally
deployed. As with all Plateau solutions, Plateau Compensation products can be
purchased and deployed stand-alone or as part of Plateau's integrated Talent
Management offering that includes Plateau Learning, Plateau Performance and
Plateau Career & Succession. All Plateau Compensation applications are
available immediately. For more information, visit www.plateau.com/prod/compensation.htm.
About Plateau
Plateau is a leading, global provider of adaptable,
web-based software for developing, managing, rewarding and optimizing
organizational talent to increase workforce productivity and drive business
success. Plateau's award-winning software is powering talent management
initiatives across some of the world's most successful organizations, including
the American Red Cross, General Electric, the Internal Revenue Service, Capital
One Services and the National Aeronautics and Space Administration (NASA).
Industry analysts at Bersin & Associates, Forrester Research and other
leading information and technology research and advisory firms continue to
recognize Plateau's leadership in delivering best-in-class functionality,
technology and customer satisfaction. Plateau is headquartered in Arlington,
Virginia, with offices across the United States, Europe and Asia Pacific. For
more information, please visit www.plateau.com
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