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 1-866-470-WORK. 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, firstname.lastname@example.org; or Tammie Brown of Workstream Inc., +1-877-327-8483, ext. 263, email@example.com/ /Web site: http:www.workstreaminc.com / (PPVW WSTM) CO: PeopleView, Inc.; Workstream Inc. ST: California IN: FIN CPR STW OTC SU: TNM -0- Apr/05/2004 20:00 GMT
PeopleView Announces Sale of HCM Tools Software Suite
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