Workstream and Satyam Partner to Drive Talent Management Adoption in Global 2000 Organizations
February 05 2008 - 9:00AM
Business Wire
Workstream Inc. (NASDAQ: WSTM), a leading provider of on-demand
compensation, performance, and talent management solutions, today
announced a strategic alliance with Satyam Computer Services, Ltd.
(NYSE: SAY), a leading business and information technology services
provider. The companies have begun an aggressive sales and
marketing initiative that will accelerate adoption of Workstream�s
talent management solutions by Global 2000 organizations across
North America. Satyam's implementation strength, combined with
Workstream software solutions, will enable customers to deploy
talent management quickly and efficiently throughout the
enterprise, helping to drive the maximum positive impact on
workforce productivity. �Our partners like Satyam continue to be an
important source of new business and support for Workstream,� said
Deepak Gupta, CEO for Workstream. �Many of our recent Global 2000
customer wins have come as a result of Workstream�s commitment to
developing this aspect of its business. Partnerships with leaders
like Satyam provide customers a powerful end-to-end solution for
talent management, while extending and enhancing the Workstream
brand globally.� �Within Satyam, there has always been a clear
focus on consulting, domain expertise and solutions that address
the needs of large, complex organizations,� said Joseph Lagioia,
Global Consulting Head and Senior Vice President, Satyam Computer
Services Ltd. �Satyam has a focused Workforce Management practice
to address customer needs in the growing talent management space.
Combined with Workstream�s TalentCenter solution suite, which
provides a unique on-demand platform with a modern and modular
architecture, we can deploy integrated talent management solutions
for Global 2000 customers quickly and successfully.� About Satyam
Satyam (NYSE: SAY), a leading global business and information
technology services company, delivers consulting, systems
integration, and outsourcing solutions to clients in 20* industries
and 61* countries. Satyam leverages deep industry and functional
expertise, leading technology practices, and an advanced, global
delivery model to help clients transform their highest-value
business processes and improve their business performance. The
company�s 49,199* professionals excel in engineering and product
development, supply chain management, client relationship
management, business process quality, business intelligence,
enterprise integration, and infrastructure management, among other
key capabilities. Satyam development and delivery centers in the
US, Canada, Brazil, the UK, Hungary, Egypt, UAE, India, China,
Malaysia, Singapore, and Australia serve 630* clients, including
more than one third of the Fortune 500. For more information, see
www.satyam.com. *As of Dec. 31, 2007 About Workstream Workstream
provides on-demand compensation, performance and talent management
solutions and services that help companies manage the entire
employee lifecycle - from recruitment to retirement. Workstream's
TalentCenter provides a unified view of all Workstream products and
services including Recruitment, Performance, Compensation,
Development and Transition. Access to TalentCenter is offered on a
monthly subscription basis under an on-demand software delivery
model to help companies build high performing workforces, while
controlling costs. With offices across North America, Workstream
services customers including Chevron, Kaiser Permanente and Wells
Fargo. For more information visit www.workstreaminc.com or call
toll free 1-888-221-4005. This press release contains
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
These statements are based on the current expectations or beliefs
of Workstream's management and are subject to a number of factors
and uncertainties that could cause actual results to differ
materially from those described in the forward-looking statements.
The following factors, among others, could cause actual results to
differ materially from those described in the forward-looking
statements: inability to grow our client base and revenue because
of the number of competitors and the variety of sources of
competition we face; client attrition; inability to offer services
that are superior and cost effective when compared to the services
being offered by our competitors; inability to further identify,
develop and achieve success for new products, services and
technologies; increased competition and its effect on pricing,
spending, third-party relationships and revenues; as well as the
inability to enter into successful strategic relationships and
other risks detailed from time to time in filings with the
Securities and Exchange Commission.
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