Consolidates its Management Team in to Capitalize on On-Demand Market
BURLINGAME, CALIF., June 26 /CNW/ - Workstream Inc. (NASDAQ: WSTM), a
leading provider of On-Demand Human Capital Management (HCM) including
compensation, performance and talent management solutions, today announced it
has hired Gary Damiano as the new Senior Vice President of Marketing to round
out the company's executive management team in Burlingame, California.
"We are very excited to have such an experienced and talented marketing
executive join Workstream," said Mr. Gupta, President and CEO at Workstream.
"We are building world-class sales and marketing machine to capitalize on the
tremendous market opportunity in the On-Demand Talent Management software
space," said Gupta. "Having someone of Gary's experience and capabilities
helps us accelerate our market momentum."
Prior to joining Workstream Mr. Damiano was the Vice President of
Marketing for the Oracle On-Demand business at Oracle Corporation (NASDAQ:
ORCL) where he was responsible for marketing Oracle's extensive SaaS-based
product line. At Siebel Systems, Mr. Damiano was responsible for marketing
Siebel CRM On-Demand and returned to Oracle as part of the acquisition of
Siebel Systems. Before Siebel Systems Mr. Damiano held several senior
marketing positions at Oracle Corporation from 1988 through 1999.
"I am very pleased to have joined Workstream at this time because the
markets for both Talent Management solutions and SaaS are growing rapidly,"
said Mr. Damiano. "Workstream is really an exciting opportunity for me as a
marketing executive because it is poised to capitalize on a growing market,
strong products, a tremendous customer-base and a world-class sales team. The
recent launch of Workstream's on-demand solutions to the mid-market business
is clearly demonstrating how the Workstream assets are being leveraged to
create greater momentum in the market."
The Company also announced that Kevin Dobbs, the company's previous
Senior Vice President of Sales and Marketing assumes the role of Senior Vice
President of Business Development and is responsible for all revenue
generation through channel and business development partnerships.
About Workstream Inc.
Workstream provides on-demand compensation, performance and talent
management solutions and services that help companies of all size 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, The Gap, Kaiser Permanente,
Motorola, Nordstrom, VISA and Wells Fargo. For more information visit
www.workstreaminc.com or call toll free 1-866-470-WORK.
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
For further information:
For further information: Workstream Stacey Virgo, 1-866-953-8800, Ext.