Workstream Rated ''Promising'' in Gartner's 2007 Marketscope for Employee Performance Management Software



    Employee Performance Management is Key to Emerging Talent Management
Suite

    BURLINGAME, CALIF., August 23 /CNW/ - Workstream Inc. (NASDAQ:  WSTM), a
leading provider of on-demand compensation, performance and talent management
solutions, today announced that its compensation, performance and succession
planning solutions have received a rating of "Promising," according to
Gartner's "Marketscope for Employee Performance Management (EPM) Software,
2007" report (Jim Holincheck, May 11, 2007). Noting the "market for employee
performance management software is intense," Gartner explains that "EPM is an
important linchpin in an emerging broader suite of talent management
applications."

    Gartner recently expanded its definition of EPM for the Marketscope
report. "During the previous six months, we started to see customers selecting
EPM solutions that were more integrated with compensation and succession
management. Based on that feedback, we expanded the scope of this MarketScope
to include all three areas."

    "Workstream is pursuing a strategy to deliver a unified suite of
on-demand talent management applications," said Deepak Gupta, President and
CEO at Workstream. "The expanded definition of EPM is in line with our focus
on unification and integration of compensation and performance management. The
rich functionality of Workstream's talent management solutions and the
strength of our pay-for-performance integration in particular uniquely
position us to deliver unified, comprehensive talent management to companies
and organizations of all sizes."

    Interest in Workstream's compensation, performance and succession
planning solutions is increasing due to a number of product and market
variables. All Workstream solutions have been designed to integrate
seamlessly, thus facilitating speedy deployment, ease-of-use, and the sharing
of valuable data across applications. Unified reporting and dashboards are
another benefit, enabling more meaningful data analysis. And the on-demand
nature of Workstream applications, coupled with the SAS 70 Type II environment
in which they are hosted, helps to ensure low product costs, leading-edge
security, and pay-per-employee-per-month (PEPM) pricing.

    Likewise, competition for top talent and the expense associated with
finding and retaining the best employees, has elevated the need for talent
management in companies of all sizes. Workstream, with a common application
for large and mid-size businesses alike, is helping companies resolve these
challenges by delivering the most robust EPM and talent management solutions
on the market.

    The MarketScope is copyrighted May 11, 2007, by Gartner, Inc. and is
reused with permission. The MarketScope is an evaluation of a marketplace at
and for a specific time period. It depicts Gartner's analysis of how certain
vendors measure against criteria for that marketplace, as defined by Gartner.
Gartner does not endorse any vendor, product or service depicted in the
MarketScope, and does not advise technology users to select only those vendors
with the highest rating. Gartner disclaims all warranties, express or implied,
with respect to this research, including any warranties of merchantability or
fitness for a particular purpose.

    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, Home Depot, Kaiser Permanente, Motorola,
Nordstrom 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
Commission.




For further information:

For further information: Workstream Inc. Gary Damiano, 650-340-4076
gary.damiano@workstreaminc.com

Organization Profile

WORKSTREAM INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890