OCR Oneclickhr

 

TIDMOCR 
 
RNS Number : 1851V 
OneClickHR PLC 
07 July 2009 
 

Embargoed Release: 07:00hrs Tuesday 7th July 2009 
 
 
 
 
OneClickHR plc 
('OneClickHR' or the 'Group') 
 
 
Trading Update 
 
 
 
 
OneClickHR, the AIM quoted HR software and solutions provider, is pleased to 
provide an update on current trading based upon the first six months of its 
financial year. The interim results for the 6 months ended 30th June 2009 will 
be released in September 2009. 
 
 
The Directors are pleased the positive momentum of the Group has continued and 
as a consequence total revenues are expected to be ahead of the comparative 
period in 2008. The Group continues to be cash generative and remains debt free. 
 
 
In June the Group released its new products HR.net Lite, HR.net Express and 
HR.net Professional which are aimed at smaller organisations with simpler HR 
software requirements for whom HR.net Enterprise is not a cost effective 
solution. These products are also being offered to our existing customers using 
legacy products who wish to take advantage of modern software capabilities. This 
release was supported by a significant marketing campaign which included the 
distribution of 44,000 free copies of HR.net Lite with an easy upgrade to the 
'paid for' versions. 
 
 
Our core solution, HR.net Enterprise remains very competitive in the market 
place. During the period further customer wins included a significant private 
equity firm, a major overseas telecoms operator, an award winning architects 
practice, a leading international charity and a housing association as well as 
businesses in the insurance, defence and retail sectors. 
 
 
As previously announced, the Group's strategy of expansion into new territories 
has led to the appointment of its first sales partners in both Canada and the 
USA. Further partners are being sought and we expect to make significant 
progress towards full coverage in this territory during the year. These initial 
partners have already achieved their first sales of HR.net Enterprise and the 
recent release of a full US version of HR.net Enterprise at the Society for 
Human Resource Management conference in New Orleans in late June was positively 
received. 
 
 
The global analysts at Gartner have recently included HR.net Enterprise within 
their research universe and we believe this will reinforce our competitive 
positioning, especially in North America. We already have an increased sales 
pipeline from this territory and this will expand as the partner network grows. 
With a sales network in place we will also have the option of taking our SME 
level products to this continent. 
 
 
Frank Beechinor, chief executive officer of OneClickHR, commented: 
 
 
 "Trading since our last update to the market has continued with the same 
momentum. We are particularly pleased with our most recent customer wins against 
major competitors in a range of markets. This underlines the continuing strength 
of our HR.net technology. We have also just released HR.net Enterprise v4 which 
ensures we maintain technical competitive advantage over other vendors in the 
market. 
 
 
The sales pipeline for HR.net Enterprise has continued to grow, despite the 
general economic conditions. The release of HR.net Lite, Express and 
Professional at the recent HRSS show in London will give us added momentum as 
well as increasing our addressable market. These products also allow us to 
migrate existing customers from our older technology. Combined, these will help 
build total recurring revenue. 
 
 
We have continued to make good progress in North America. The launch of our US 
localised product and the appointment of additional partners will help ensure 
that we have a strong sales pipeline from that market". 
 
 
 
 
-Ends- 
 
 
 
 
Enquiries: 
 
 
+---------------------------------------------+----+----------------------+ 
| OneClickHR plc                              |    | +44 (0) 844 7700 250 | 
| Frank Beechinor, CEO / Stephen Oliver, CFO  |    |                      | 
+---------------------------------------------+----+----------------------+ 
|                                             |    |                      | 
+---------------------------------------------+----+----------------------+ 
| KBC Peel Hunt Ltd, Nominated Adviser and    |    | + 44 (0)20 7418 8900 | 
| Broker Richard Kauffer / Oliver Stratton    |    |                      | 
+---------------------------------------------+----+----------------------+ 
|                                             |    |                      | 
+---------------------------------------------+----+----------------------+ 
| Hansard Group                               |    | + 44 (0) 207 245     | 
| Adam Reynolds / Vikki Krause                |    | 1100                 | 
+---------------------------------------------+----+----------------------+ 
|                                             |    |                      | 
+---------------------------------------------+----+----------------------+ 
 
 
 
 
About OneClickHR: 
 
 
Designed and developed by OneClickHR plc the HR.net software was designed for 
rapid deployment in a standard web enabled environment. All users need is an 
internet browser. 
 
 
Available as a traditional licence purchase or as a SaaS (Software as a Service) 
solution HR.net Enterprise provides total flexibility to enable clients to 
configure their entire HR processes to meet local, national, international and 
company specific requirements. Annual Appraisals, Employee Self Service, 
E-Recruitment, Performance Management, Talent Management and Salary Reviews can 
all be swiftly implemented with the confidence of using up to date and accurate 
data. 
 
 
See product information at www.vizual.co.uk and www.vizualhrsoftware.com 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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