and Business Operations to Workstream Inc.
Company to Focus all Efforts on Growing Their HealthCare Outsourcing Business
SAN JUAN CAPISTRANO, Calif., April 5 /PRNewswire-FirstCall/ -- PeopleView,
Inc. (OTC Bulletin Board: PPVW), a leading provider of human capital
management assessment software today announced that it has sold the software
and business assets related to their HCM Tools(TM) Software Suite to
Workstream Inc. (Nasdaq: WSTM) a provider of enterprise software and workforce
management solutions based in Ottawa, Canada.
The acquisition unites Workstream's enterprise software with PeopleView's
leading products for employee climate survey, skills/competency measurement,
performance management and corporate compliance management under a single
hosted offering. PeopleView's Human Capital Management Suite branded as "HCM
TOOLS(TM)" combines all of PeopleView's stand alone applications including
ClimateSight(TM) for organization-wide cultural and all employee surveys,
SkillSight(TM) for organizational competency development and assessment,
PerformanceSight(TM), for organizational human performance measurement and
ComplianceSight(TM), for Sarbanes-Oxley Corporate Governance assessment in a
robust, highly scalable, self-administered software suite. HCM TOOLS(TM) will
be delivered on Microsoft's .NET platform and is able to integrate fully with
all of Workstream's existing workforce management hosted solutions.
"Our customers communicated to us that the HCM Tools(TM) Suite contains
solutions to many of the company's objectives that they have planned.
Customers are focused on employee productivity, perceptions, alignment and
competency development and are realizing the benefit of workforce performance
and planning. In addition, in order to deliver increased shareholder value,
companies must improve their ability to successfully align corporate business
goals, employee performance, and balance corporate compliance and
responsibility," states Michael Mullarkey, Chairman and CEO of Workstream.
"Our acquisition of PeopleView's HCM Tools(TM) Suite provides our customers
with a unique 'all in one solution' that allows them to monitor all of these
important tasks on-line in real time," added Mullarkey.
"For some time both the Board and Management of PeopleView, Inc. have been
looking to expand our business in the rapidly growing US Healthcare Market
through merger or acquisition," said Joe Flynn, Chairman and CEO of
PeopleView, Inc. "Our sale of HCM TOOLS(TM) software and business assets to
Workstream Inc. provides us with the capital to move forward rapidly with our
Healthcare expansion plans. Further, our customers in the Human Capital
Management space, will be in excellent hands with a large enterprise Human
Capital Management leader such as Workstream Inc.," added Flynn.
About PeopleView, Inc.
PeopleView, Inc. (OTCBB: PPVW) a California-based corporation provides
real-time decision support and insight into the performance, perception, and
productivity of an organization's workforce. PeopleView InSight Solutions(TM)
offer customers and partners assessment and analysis tools to measure
strategic issues related to their human capital management including
organizational climate assessments, skills assessments and inventories and
performance management systems. With the recent sale of its Human Capital
Management Suite to Workstream, Inc., PeopleView, Inc. will be announcing its
new business strategy in the US Healthcare market.
About Workstream Inc.
Workstream Inc. (Nasdaq: WSTM) is a provider of hosted Human Resource (HR)
enterprise software and professional services to the Fortune 2000.
Workstream's products streamline the attraction, recruitment and retention of
employees for corporations. Workstream has been named to the Deloitte &
Touche Fast 50 list of the fastest growing software companies. Through its 12
offices and 170 employees across North America, Workstream services customers
such as Eli Lilly, Nordstrom, Nike, Home Depot, Samsung, KPMG and Sony Music.
For more information visit http:www.workstreaminc.com or call toll free
This release was issued through Major Newswire
( http://www.majornewswire.com )
SOURCE PeopleView, Inc.
/CONTACT: Joseph J. Flynn, Chairman & CEO of PeopleView, Inc.,
+1-949-481-7550, ext. 204, fax +1-949-481-8775, email@example.com; or
Tammie Brown of Workstream Inc., +1-877-327-8483, ext. 263,
/Web site: http:www.workstreaminc.com /
CO: PeopleView, Inc.; Workstream Inc.
IN: FIN CPR STW OTC
-0- Apr/05/2004 20:00 GMT
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