Employease Announces Record Results for Third Quarter of 2004 28 Consecutive Quarters of Revenue Growth Marked by Record Sales
December 6, 2004

ATLANTA, GA- Employease, Inc., the leading provider of web-based solutions and outsourcing options for HR and benefits professionals, posted record sales for Q3 2004 and marked its 28th consecutive quarter of revenue growth. Recurring revenue sales grew 44% for the first nine months of 2004 compared to the same period in 2003. Additionally, the company released a key product upgrade in Q3 that included enhancements to the companyís Benefits Administration, Workflow, Manager Self Service, and Recruitment applications.

"Our proven mix of technology and process outsourcing services brings flexibility, empowerment and control to a market that has been underserved on those fronts," said Phil Fauver, chief executive officer of Employease. "Historically, organizations seeking to automate HR and benefits administration either turned to internally managed software or relinquished all control to a business process outsourcer. With Employease, they can avoid this all-or-nothing decision. We enable the client to choose the right mix of internal automation and external assistance to meet their specific needs. This flexibility is at the heart of our growth and success."

Other third quarter highlights include:

  • Revenue - Q3 represents a record 28th consecutive quarter of revenue growth.
  • Business Process Outsourcing (BPO) - 10 new customers were signed for the companyís benefits outsourcing unit. This growth validates the power of the Employease model for outsourcing in the mid-market.
  • Growth Up-Market - Average new direct customer now has 1,277 employees.
  • Channel Sales Momentum - Sales from channel partners more than doubled for the first three quarters of 2004 compared to the same period in 2003.
  • TaylorMade-adidas Golf Company recently selected Employease as their benefits administration and employee self-service platform. Ease of use and flexibility were listed as key drivers of the company's decision to work with Employease.

"Empowering our HR staff with the Employease solution means that we can reduce administrative costs, improve service to employees and focus on more strategic activities," said Joseph P. Walsh, director of global human resources at TaylorMade-adidas Golf Company. "It is the perfect blend of technology and services to meet our needs."

Employease gives customers the power to choose where and by whom HR tasks are completed. A customer's existing HR and benefits staff can use Employease's applications and/or Employease can use its applications to provide process outsourcing services on a customer's behalf.

The company's applications include full-featured HRIS, benefits administration, employee self-service, manager self-service, leave management, performance management, recruitment and connectivity to internal systems, benefit providers and other service providers. Employease outsourcing solutions include employee call center, carrier billing, invoice reconciliation, enrollment support, fulfillment services, COBRA, HIPAA and flexible spending account administration.

About Employease

Employease, Inc.(www.employease.com) provides an innovative and proven mix of web-based HR and benefits solutions and outsourcing options, giving organizations the power to choose how to best manage HR and benefits processes. By focusing on people, not paper, more than 1,000 organizations improve service to employees and managers and positively impact their bottom line using Employease.

Employease and the Employease logo are registered trademarks and Employease Network is a trademark of Employease, Inc. All other trademarks are property of their respective owners.